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Aditya Birla Sun Life AMC Limited IPO

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Gaurav Seth
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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 2020FY 2020FY 2019FY 2018
Total Revenue873.631,234.761,407.251,323.67
Total Expenses385.47574.03761.48802.16
Profit After Tax369.54494.40446.79348.56
Total Assets1,959.501,571.951,498.461,549.27

*All the values are in crores and as per DRHP.

Valuation of the Company

 For the nine-month period ended 31st December 2020FY 2020FY 2019FY 2018
Basic Earnings per Share (EPS)12.8317.1715.5112.10
Diluted Earnings per Share (EPS)12.8317.1715.5112.10
Return on Net Worth (%)21.90%37.54%36.61%30.64%
Net Assets Value per Equity share58.5945.7242.3839.50

*As per DRHP. 

Aditya Birla Sun Life AMC Limited IPO DRHP

IPO Details

Face Value₹5 per equity share
Market LotShares
Minimum Order QuantityShares
Price Band₹- ₹ per equity share
Issue typeBook Built Issue IPO
Issue Size3,88,80,000 Equity shares
Offer for Sale3,88,80,000 Equity shares
Listing NSE, BSE

Important IPO dates

Open DateJuly 2021
Close DateJuly 2021
Basis of Allotment DateJuly 2021
Initiation of RefundsJuly 2021
The credit of shares to Demat AccountJuly 2021
Listing DateJuly 2021

Allocation Quota

CategoryPortion
Qualified Institutional Buyers (QIBs)Not more than 50%
Non- Institutional Buyers (NIIs)Not less than 15%
Retail InvestorsNot less than 35%

Check your Aditya Birla Sun Life AMC Limited IPO allotment status here:

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