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Aditya Birla Sunlife AMC IPO | Details about the IPO

ADMIN by ADMIN
September 29, 2021
in Business & Other News
0
Glenmark Life Sciences IPO allotment status and capital gain tax on selling shares in IPO allotment | Capital gain on IPO
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Background of the Company:

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.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in millions)
31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 19,845.51 15,719.59 14,984.60
Total Revenue 12,058.41 12,347.68 14,072.50
Profit After Tax 5,262.80 4,944.02 4,467.99

Objects of the Issue:

The net proceed from the IPO will be utilized towards the following purposes;

  • 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.

Aditya Birla Sun Life AMC IPO Details

IPO Opening Date Sep 29, 2021
IPO Closing Date Oct 1, 2021
Issue Type Book Built Issue IPO
Face Value ₹5 per equity share
IPO Price ₹695 to ₹712 per equity share
Market Lot 20 Shares
Min Order Quantity 20 Shares
Listing At BSE, NSE
Issue Size 38,880,000 Eq Shares of ₹5
(aggregating up to ₹2,768.26 Cr)
Offer for Sale 38,880,000 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 Date Sep 29, 2021
IPO Close Date Oct 1, 2021
Basis of Allotment Date Oct 6, 2021
Initiation of Refunds Oct 7, 2021
Credit of Shares to Demat Account Oct 8, 2021
IPO Listing Date Oct 11, 2021

ABCL Shareholder Quota

Aditya Birla Capital (ABCL) shareholders have a reservation of up to 1,944,000 equity shares in Aditya Birla Sun Life AMC IPO.

This reserved quota is for Individuals and HUFs who hold the shares of Aditya Birla Capital (ABCL) in the demat account as of September 22, 2021 (date of the RHP filing).

 

As can be seen above that the entire proceeds of the IPO related to offer for sale i.e. none of the money will come to the company but the same will go to the existing promoters of the company.

Also, it is important to note that post issue also the promoters will have to reduce some of their shareholding which they will surely do in open market and hence there will be a big offload of shares after it’s listing.

Even after all the above concerns the company is a solid company and a great player of the market and it could be a great stock in the portfolio.

 

Disclaimer: The views presented in the above article are personal views of our team and is just for information. For any market related query consult your financial advisor.

 

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