Aditya Birla Sun Life AMC Ltd IPO

Last Updated: 14 December 2021 8:07 PM by 5Paisa

Aditya Birla Sun Life AMC is all set to launch its Initial Public offering on September 29th. The issue will be closing on October 1st. 

The total issue size of Aditya Birla Sun Life AMC IPO is ₹2,768.26 Cr, with the lot size of 20 equity shares at the IPO price range between ₹695 to ₹712.

The offer comprises of an offer for sale of 38,880,000 equity shares, the proceeds of which would go directly to the selling shareholders and the company would not receive any proceeds from the offer. The objective of the offer is to carry out the Offer for sale and to achieve the benefits of listing the Equity Shares on the Stock Exchanges.

Aditya Birla Sun Life AMC Limited ranked as the largest non-bank affiliated AMC in India by QAAUM since March 31, 2018, and among the four largest AMCs in India by QAAUM since September 30, 2011, according to the CRISIL Report.

The company managed total AUM of ₹2,936.42 billion under their suite of mutual fund (excluding their domestic FoFs), portfolio management services, offshore and real estate offerings, as of June 30, 2021.

Since their inception in 1994, the company has established a geographically diversified pan-India distribution presence covering 284 locations spread over 27 states and six union territories. The company managed 118 schemes comprising 37 equity schemes (including, among others, diversified, tax saving, hybrid and sector schemes), 68 debt schemes (including, among others, ultra-short duration, short-duration and fixed-maturity schemes), two liquid schemes, five ETFs and six domestic FoFs, as of June 30, 2021.

Financials of Aditya Birla Sun Life AMC Ltd Finance