Aditya Birla Sun Life AMC Limited IPO
Incorporated in 1994, Aditya Birla Sun Life AMC is an asset management company. It has been ranked as the largest non-bank affiliated AMC in India by QAAUM since 31st March 2018, and among the four largest AMCs in India by QAAUM since 30th September 2011. As of 31st December 2020, it managed a total AUM of Rs.2,73,600 crores under the suite of a mutual fund (excluding domestic Fund of Funds), offshore, real estate offerings, and portfolio management services.
Aditya Birla Sun Life AMC is well diversified in pan-India with a distribution presence of over 284 locations in 27 states and 6 UTs. As of 31st December 2020, they managed 135 schemes out of which 35 were equity schemes, 93 were debt schemes, 2 liquid schemes, and 5 ETFs.
The company has digitalized and automated several aspects of its operations including online payments & other transactions, in relation to customer onboarding, dealing, fund management, accounting, customer service, data analytics, and other functions.
The promoters of the company are Aditya Birla Capital Limited and Sun Life (India) AMC Investments Inc.
Strengths of the Company
- Well-recognized and trusted brand
- Individual investor customer base has shown rapid growth
- Diversified product portfolio which is supported by a research-driven investment philosophy
- Award-winning franchise with experienced & stable management and investment teams
Purpose of the IPO
- The company will not receive any proceeds from the IPO as there is no fresh issue.
- IPO is to carry out the offer for sale by the existing shareholders.
- To achieve the listing benefit of equity shares on the stock exchanges.
Financial Performance of the Company
| For the nine-month period ended 31st December 2020 | FY 2020 | FY 2019 | FY 2018 | |
| Total Revenue | 873.63 | 1,234.76 | 1,407.25 | 1,323.67 |
| Total Expenses | 385.47 | 574.03 | 761.48 | 802.16 |
| Profit After Tax | 369.54 | 494.40 | 446.79 | 348.56 |
| Total Assets | 1,959.50 | 1,571.95 | 1,498.46 | 1,549.27 |
*All the values are in crores and as per DRHP.
Valuation of the Company
| For the nine-month period ended 31st December 2020 | FY 2020 | FY 2019 | FY 2018 | |
| Basic Earnings per Share (EPS) | 12.83 | 17.17 | 15.51 | 12.10 |
| Diluted Earnings per Share (EPS) | 12.83 | 17.17 | 15.51 | 12.10 |
| Return on Net Worth (%) | 21.90% | 37.54% | 36.61% | 30.64% |
| Net Assets Value per Equity share | 58.59 | 45.72 | 42.38 | 39.50 |
*As per DRHP.
Aditya Birla Sun Life AMC Limited IPO DRHP
IPO Details
| Face Value | ₹5 per equity share |
| Market Lot | Shares |
| Minimum Order Quantity | Shares |
| Price Band | ₹- ₹ per equity share |
| Issue type | Book Built Issue IPO |
| Issue Size | 3,88,80,000 Equity shares |
| Offer for Sale | 3,88,80,000 Equity shares |
| Listing | NSE, BSE |
Important IPO dates
| Open Date | July 2021 |
| Close Date | July 2021 |
| Basis of Allotment Date | July 2021 |
| Initiation of Refunds | July 2021 |
| The credit of shares to Demat Account | July 2021 |
| Listing Date | July 2021 |
Allocation Quota
| Category | Portion |
| Qualified Institutional Buyers (QIBs) | Not more than 50% |
| Non- Institutional Buyers (NIIs) | Not less than 15% |
| Retail Investors | Not less than 35% |
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