Aditya Birla Sun Life AMC Ltd IPO

Incorporated in 1994, 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.

Competitive strengths:

  • Largest Non-bank Affiliated Asset management company of India.
  • Well recognized and trusted brand with experienced promoters.
  • Rapidly growing customer base.
  • Well-Diversified product portfolio and innovative schemes

Company Promoters:

  • Aditya Birla Capital Limited (ABCL) and Sun Life (India) AMC Investments Inc. are the company promoters.

Company Financials

Particulars For the year/period ended (₹ in millions)
 Summary of financial Information (Restated Consolidated) 31-Mar-21  31-Mar-20  31-Mar-19 
 Total Assets 19,845.51  15,719.59  14,984.60 
 Total Revenue 12,058.41  12,347.68  14,072.50 
 Profit After Tax 5,262.80  4,944.02  4,467.99 

 

 

Objects of the Issue:

The net proceed from the IPO will be utilized towards the following purposes;

  • Achieve the benefits of listing the Equity Shares on the Stock Exchanges; and
  • Carry out the Offer for Sale of up to 38,880,000 Equity Shares by the Selling Shareholders.


 

Issue Details


ISSUE OPENS
Wednesday, September 29, 2021

ISSUE CLOSES
Friday, October 01, 2021

ISSUE PRICE
Rs 695 - Rs 712 Per Equity Share.

BID LOT
20 Equity shares & multiple of 20 Equity shares thereafter.

IPO SIZE
Rs. 2768.26 Cr

LISTING EXCHANGES
NSE & BSE

ALLOTMENT DATE
Tentatively Thursday, October 07, 2021

RATIOS
QIB 50% - Retail 35% - NIB 15%

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