IPO

Aditya Birla Sun Life AMC Limited IPO

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Finance - Asset Management

Listed On: Oct 11, 2021 at ₹ 715.0 (NSE)

₹ 14240 /20 Shares

Check Allotment

29 Sep, 2021

Open Date

01 Oct, 2021

Close Date

07 Oct, 2021

Allotment Date

11 Oct, 2021

Listing Date
Price Summary

Last Closing

758.90 (6.59%)

52 Week High

908.00

52 Week Low

556.45

Last Update

19-Dec-2025 3:30 PM
IPO Issue Details
  • Issue Price ₹695-712 per equity share
  • Face Value ₹5 Per Equity Share 
  • Issue Price Offer for Sale: 38,880,000 Eq Shares of ₹5 (aggregating up to ₹2,768.26 Cr)
  • Listing at BSE, NSE
  • List Price 715.0 (NSE)
  • Listing Date 2021-10-11
  • Lead Manager Axis Capital Limited, BofA Securities India Limited, Citigroup Global Markets India Private Limited, HDFC Bank Limited, ICICI Securities Limited, IIFL Securities Ltd, JM Financial Consultants Private Limited, Kotak Mahindra Capital Company Limited, Motilal Oswal Investment Advisors Pvt Ltd, SBI Capital Markets Limited, Yes Securities (India) Limited
  • Registrar KFintech Private Limited
IPO Details
  • Retail Portion Retail Quota : 35%

    Number of Retail Applications : 6,46,380

    Shareholder Quota : 5%
IPO Documents
DRHP
RHP
IPO Details


The IPO of is priced at ₹695-712 per equity share, which has a face value of ₹5 Per Equity Share  each, IPO bidding starts from Sep 29, 2021 and ends on Oct 1, 2021. The allotment for IPO will be finalized on Oct 7, 2021. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Oct 11, 2021. The company shall list its equity shares on the BSE, NSE. KFintech Private Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are Axis Capital Limited, BofA Securities India Limited, Citigroup Global Markets India Private Limited, HDFC Bank Limited, ICICI Securities Limited, IIFL Securities Ltd, JM Financial Consultants Private Limited, Kotak Mahindra Capital Company Limited, Motilal Oswal Investment Advisors Pvt Ltd, SBI Capital Markets Limited, Yes Securities (India) Limited.


The IPO sets its price band at 695-712 for each share. A single application for Aditya Birla Sun Life AMC Limited IPO must contain at least 20 shares.

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IPO Subscription Analysis And Details
Retail
3.24x
QIB
10.36x
NII
4.39x
Total
5.25x
As on QIB NII Retail Total
Shares Offered / Reserved 73,87,200 55,40,400 129,27,600 277,99,200
Day 1 29-09-21 05:00 PM
0.00 x 0.13 1.10 x 0.56 x
Day 2 30-09-21 05:00 PM
0.06 x 0.40 2.01 x 1.08 x
Day 3 01-10-21 07:00 PM
10.36 x 4.39 3.24 x 5.25 x
Total No of Applications
1566352
Subscription on the basis of Applications
2.42
Valuations
Earnings Per Share (EPS) ₹18.27/-
P/E Ratio 38.86
RoNW 30.87%
Net Asset Value (NAV) - As on 31.03.21 ₹62.57
Company Financials
In Crs.
In Cr.
31-Mar-21 31-Mar-20 31-Mar-19
Assets 1,984.55 1,571.95 1,498.46
Revenue 1,205.84 1,234.76 1,407.25
Profit After Tax 526.28 494.40 446.79
About Company

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.

The company has automated and digitized several aspects of its operations including in relation to customer onboarding, online payments and other transactions, fund management, dealing, accounting, customer service, data analytics, and other functions.

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- Promoter(s)

Aditya Birla Capital Limited (ABCL)

Sun Life (India) AMC Investments Inc.

Pre Issue Share Holding : 100%

Post Issue Share Holding : 86.50%

IPO - Issue Objectives
1

Achieve the benefits of listing the Equity Shares on the Stock Exchanges

2

Carry out the Offer for Sale of up to 38,880,000 Equity Shares by the Selling Shareholders.

IPO - Anchor Investors

Aditya Birla Sun Life AMC mobilises Rs 789 crore from anchor investors ahead of IPO

Marquee investors who participated in the anchor book were HSBC, International Monetary Fund, Abu Dhabi Investment Authority, Morgan Stanley Asia, BNP Paribas, and Societe Generale.

Domestic investors, including ICICI Prudential, HDFC Mutual Fund, SBI MF, Axis MF, SBI Life Insurance Company, HDFC Life Insurance Company, ICICI Prudential Life Insurance, UTI MF, Tata AIG General Insurance, Kotak Mutual Fund, IIFL Special Opportunities Fund, Abakkus Growth Fund, Max Life Insurance, and Reliance General Insurance also invested in the Aditya Birla Capital and Sun Life AMC-promoted company, through anchor book.

IPO - Peers Comparison
P/B Ratio P/E Ratio RoNW Revenue(in Cr.)
Aditya Birla Sun Life AMC 11.38 38.86 30.87% 1,205.84
HDFC Assest Management 14.32 50.90 27.76% 2,201.74
Nippon Life India Assest 8.90 38.46 21.94% 1,419.34
UTI Asset Management 4.83 30.14 15.27% 1,198.63