Aditya Birla Sun Life AMC IPO Details with Share Price Range and Issue Size | Motilal Oswal
Aditya Birla Sun Life AMC IPO Details with Share Price Range and Issue Size | Motilal Oswal

Aditya Birla Sun Life AMC IPO Details with Share Price Range and Issue Size

Opening Date

September 29, 2021

Closing Date

October 01, 2021 

Face Value

Rs. 5 per equity share

IPO Price Band 

Rs. 695 to 712 per equity share

Minimum Order Quantity

20 equity shares 

Issue Size 

38,880,000 equity shares (Rs. 2,768.26 crores)

 

Just when the month of September 2021 is slowly drawing to a close, Aditya Birla Sun Life AMC has come up with a stellar IPO. The company is looking to issue its shares to the public for the first time and has filed its final Red Herring Prospectus (RHP) with the SEBI as well. Here are some of the Aditya Birla Sun Life AMC IPO details. 

  • About the company  

A joint venture between two entities - Aditya Birla Capital Limited and Sun Life AMC, the Aditya Birla Sun Life AMC came into being in the year 1994. Since then, the company has grown by leaps and bounds and is currently holding around Rs. 2,736.43 billion as AUM as on 31st December, 2020.  

Aditya Birla Sun Life AMC’s product portfolio is extremely extensive and includes as many as 135 different schemes across equity, debt, ETFs, liquid schemes, and domestic FoF segments. The company also boasts of being the fourth-largest entity in terms of Monthly Average Assets Under Management (MAAUM). 

  • Aditya Birla Sun Life AMC IPO details    

Okay so, now that you’ve been introduced to the company, let’s take a look at some of the most important details of this upcoming IPO such as the Aditya Birla Sun Life AMC IPO date and Aditya Birla Sun Life AMC IPO share price.

  • Aditya Birla Sun Life AMC IPO date

According to the Red Herring Prospectus, the date of opening and closing of the latest IPO of the company is September 29, 2021 and October 01, 2021 respectively.

  • Aditya Birla Sun Life AMC IPO issue size

The issue size of the upcoming IPO of Aditya Birla Sun Life AMC is around 38,880,000 equity shares for an aggregate of Rs. 2,768.26 crores. The entire issue is an Offer for Sale (OFS) from the promoters of the company. 

  • Aditya Birla Sun Life AMC IPO share price

The price band for the latest IPO has also been fixed at Rs. 695 to Rs. 712 per share. With the face value being Rs. 5 per equity share, the IPO price boasts of a steep premium. 

  • Aditya Birla Sun Life AMC IPO listing 

Considering the fact that this is a mainboard IPO, the shares of Aditya Birla Sun Life AMC would be listed on both the premier stock exchanges of the country - the NSE and the BSE. 

  • Aditya Birla Sun Life AMC IPO objectives 

Since all of the sale proceeds worth Rs. 2,768.26 crores would go to the promoters, the company cannot use the same to further its objectives. 

Conclusion

If you’re interested in investing in this latest IPO , you will require an online trading and demat account. Don’t have one? Visit the website of Motilal Oswal right away to open a demat account online for free. 

If you already have an existing account, you can  start your online trading and invest in the upcoming IPO's.

With a plethora of companies coming forward with their own IPOs in quick succession, you can keep a track of all the upcoming IPOs by regularly following our IPO calendar.

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