Aditya Birla Sun Life AMC IPO subscription to start from September 29, 2021, Wednesday. The retail portion of this IPO is 35%, QIB is 50% and HNI is 15% quota. The IPO subscription will close on October 01, 2021, Friday. The company to raise ₹2768 crores via IPO at a price band of ₹695 to ₹712. The minimum bid for the IPO is 20 shares that cost ₹14,240 for l lot. The IPO GMP looks at lower levels but the company is good so one should subscribe with a long term view. We might see a good listing for Aditya Birla AMC IPO.
The Mumbai based Aditya Birla Sun Life AMC is one of the well know AMC company backed by Aditya Birla Capital and the JV of Aditya Birla Capital Limited (ABCL) and Sun Life (India) AMC Investments Inc. The company reported ₹1206 crores of revenues in 2021 against ₹1235 crores in 2020. The PAT was stood at ₹526 crores in 2021 compared to ₹494 crores in 2020. Please check the Aditya Birla Sun Life AMC IPO details over here.
IPOWatch View
We recommend investors to apply the IPO with a long term view. Investors should look at the QIB and HNI numbers as well as Aditya Birla Sun Life AMC grey market premium movement before investing. Check the Aditya Birla Sun Life AMC IPO allotment status here.
Aditya Birla Sun Life AMC IPO Subscription Status (Final Data)
(Over Subscribed)
The Aditya Birla Sun Life AMC IPO subscribed 5.24x on day 3. The subscription comprises Qualified Institutional Buyer (QIB) 10.36x, Non-institutional Bidders (NII) 4.39x and Retail (RII) 3.24.
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.00x | 0.06x | 10.36x |
| NII | 0.14x | 0.40x | 4.39x |
| RII | 1.09x | 2.00x | 3.24x |
| SH/H | 0.31x | 0.71x | 1.53x |
| Total | 0.56x | 1.08x | 5.24x |
Aditya Birla Sun Life AMC IPO Date & Price Band
| IPO Open: | 29 September 2021 |
| IPO Close: | 01 October 2021 |
| IPO Size: | Approx ₹2768 Crores |
| Fresh Issue: | N/A |
| Offer for Sale: | Approx ₹2768 Crores (38,880,000 Eq. Shares) |
| Face Value: | ₹5 Per Equity Share |
| Price Band: | ₹695 to ₹712 Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 35% |
| QIB Portion: | 50% |
| NII Portion: | 15% |
| Share Holder Quota: | 5% |
Aditya Birla Sun Life AMC IPO Market Lot
| Minimum Lot Size: | Minimum 20 Shares for 1 lot |
| Minimum Amount: | ₹14,240 for 1 lot |
| Maximum Lot Size: | Maximum 280 Shares for 14 lot |
| Maximum Amount: | ₹199,360 for 14 lot |
Aditya Birla Sun Life AMC IPO Date, Time Table, Allotment & Listing
| Price Band Announcement: | 23 September 2021 |
| Anchor Investors Allotment: | 28 September 2021 |
| IPO Open Date: | 29 September 2021 |
| IPO Close Date: | 01 October 2021 |
| Basis of Allotment: | 06 October 2021 |
| Refunds: | 07 October 2021 |
| Credit to Demat Account: | 08 October 2021 |
| IPO Listing Date: | 11 October 2021 |
Aditya Birla Sun Life AMC IPO Subscription FAQs:
When Aditya Birla Sun Life AMC IPO Subscription will start?
The IPO subscription starts on 29 September 2021 for QIB, NII, and Retail Investors.
How much Aditya Birla Sun Life AMC IPO subscribed?
The IPO subscribed 5.24x times on day 3.
What is Aditya Birla Sun Life AMC IPO Retail subscription status?
The RII subscription is 3.24x on day 3.
How to subscribe Aditya Birla Sun Life AMC IPO?
You can go with ASBA and Non ASBA option for subscription. Go to your bank account and apply IPO online via ASBA or download form online or get the physical form and submit the filled form to your broker or bank.
How do i check live Aditya Birla Sun Life AMC IPO Subscription Numbers?
One can visit our portal for live IPO subscription numbers that we are updating hourly basis from the official website NSE and BSE website. One can check the live subscription on BSE or NSE website on the particular IPO page.
