Aditya Birla Sun Life AMC IPO opens on September 29: Key things to know

Aditya Birla Sun Life AMC IPO 



Himanshu Gyan (Investing & learning Simplified) suggestion for this IPO at the end of this blog, don't forget to check our suggestion/view on this IPO, whether you should apply or not...



The market regulator SEBI gave the clearance to the mutual fund company's IPO that was filed with the watchdog in April on September 23, 2021. Aditya Birla Sun Life AMC is a joint venture entity between Aditya Birla Capital and Canada-based Sun Life AMC. As per the offer document, Sun Life will pare 12.56 percent of its holding in the firm, while Aditya Birla would divest a little below 1 percent.


  • Company Profile: Incorporated in 1994, Aditya Birla Sun Life AMC is set up as a joint venture between ABCL and Sun Life AMC. The company managed a total AUM of ₹2,736.43 Bn under mutual fund (excluding domestic FoFs), portfolio management services, offshore and real estate offerings, as of December 31, 2020. The company managed 135 schemes comprising 35 equity, 93 debt, 2 liquid schemes, 5 ETFs, and 6 domestics FoFs as of December 31, 2020. The company’s Monthly average assets under management (MAAUM) from institutional investors was ₹1,412.43 Bn as of December 31, 2020, which was the fourth-largest among its peers, according to CRISIL.

  • Objective: Achieve the benefits of listing the Equity Shares on the Stock Exchanges, and Carry out the Offer for Sale of up to 38,880,000 Equity Shares by the Selling Shareholders.

  • Promotors: Aditya Birla Capital Limited (ABCL) and Sun Life (India) AMC Investments Inc. are the company promoters.


  • Aditya Birla Sun Life AMC, promoted by Aditya Birla Capital and Sun Life (India) AMC Investments Inc, has decided to launch its maiden public offer for subscription on September 29. The price band for the offer has been fixed at Rs 695-712 per equity share.

  • The company will offer 3,88,80,000 equity shares through its public issue. It is an entirely offer for sale (OFS) issue by promoters. Aditya Birla Capital will sell more than 28.5 lakh shares and Sun Life (India) AMC Investments Inc will offload more than 3.6 crore equity shares through an offer for sale.

  • The offer includes a reservation of 19.44 lakh equity shares for Aditya Birla Capital shareholders.

  • The offer will close on October 1. Anchor book, if any, will open for a single day on September 28, a day before the issue opening.

  • Aditya Birla Sun Life AMC plans to raise Rs 2,768.25 crore through its public issue. Since it is entirely an OFS issue, the proceeds from the issue will go to the selling shareholders and the company will not receive any funds from the offer.

  • Investors can bid for a minimum of 20 equity shares and in multiples of 20 shares thereafter. The minimum investment by the retail investors would be Rs 14,240 for a single lot and the maximum would be Rs 1,99,360 for 14 lots.

  • Half of the offer is reserved for qualified institutional buyers, 35 percent for retail investors, and the remaining 15 percent for non-institutional investors.


  • Financials:

ParticularsFor the year/period ended (₹ in millions)
31-Mar-2131-Mar-2031-Mar-19
Total Assets19,845.5115,719.5914,984.60
Total Revenue12,058.4112,347.6814,072.50
Profit After Tax5,262.804,944.024,467.99


  • Important Dates:


IPO Opening DateSep 29, 2021
IPO Closing DateOct 1, 2021
Issue TypeBook Built Issue IPO
Face Value₹5 per equity share
IPO Price₹695 to ₹712 per equity share
Market Lot20 Shares
Min Order Quantity20 Shares
Listing AtBSE, NSE
Issue Size38,880,000 Eq Shares of ₹5
(aggregating up to ₹2,768.26 Cr)
Offer for Sale38,880,000 Eq Shares of ₹5
(aggregating up to ₹2,768.26 Cr)

Aditya Birla Sun Life AMC IPO Tentative Timetable

The Aditya Birla Sun Life AMC IPO open date is Sep 29, 2021, and the close date is Oct 1, 2021. The issue may list on Oct 11, 2021.

IPO Open DateSep 29, 2021
IPO Close DateOct 1, 2021
Basis of Allotment DateOct 6, 2021
Initiation of RefundsOct 7, 2021
The credit of Shares to Demat AccountOct 8, 2021
IPO Listing DateOct 11, 2021

Aditya Birla Sun Life AMC IPO Lot Size

The Aditya Birla Sun Life AMC IPO market lot size is 20 shares. A retail-individual investor can apply for up to 14 lots (280 shares or ₹199,360).

ApplicationLotsSharesAmount (Cut-off)
Minimum120₹14,240
Maximum14280₹199,360


Our Suggestion/Views

Himanshu Gyan (Investing & learning Simplified) suggesting investors should apply for this IPO to get the listing gain.

Do share and & comment about this IPO.


Source: Chittorgarh & Moneycontrol



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