Aditya Birla AMC IPO subscription date Two key risks investors should be aware of

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New Delhi: Aditya Birla Sun Life AMC IPO opens for subscription on Wednesday and will close on October 1. The size of the initial public offering is Rs 2,768.30 crore. It has an issue price of Rs 695 to Rs 712 per share.Also Read – Paras Defense IPO Grant Date: How To Check The Status Of The Application

The objects of the initial public offering of Aditya Birla Sun Life AMC are to complete the offer to sell a maximum of 38,880,000 equity shares by the promoters and obtain the benefits of the stock exchange listing, according to details provided by Religare Broking. Read also – IPO: what is an IPO? Meaning, advantages and disadvantages explained

  • Investors can look at two main risks: any regulatory change can impact its business and stiff competition from existing and new participants offering investment products, Ajit Mishra, VP Research. Religare Broking said in its research report on Aditya Birla Sun Life AMC Ltd.
  • The initial public offering is entirely a sell offer and has a nominal value of Rs 5 per share.
  • Aditya Birla Sun Life AMC IPO has a lot of 20 shares.
  • Interested investors should note that 50 percent of the shares were allotted in the QIB category and 35 percent in the Retail segment and 15 percent in the non-institutional portion.

Axis Capital Ltd, BofA Securities India Ltd, Citigroup Global Markets India Private Ltd, HDFC Bank Ltd, ICICI Securities Ltd, IIFL Securities Ltd, JM Financial Consultants Private Ltd, Kotak Mahindra Capital Company Ltd, Motilal Oswal Investment Advisors Pvt Ltd, SBI Capital Markets Ltd and Yes Securities (India) Ltd are the principal book managers. Also Read – Laxmi Organic IPO, Craftsman Automaton Initial Public Offering Listing Today: Key Points, Check Award Status on ESB Website

Aditya Birla Sun Life AMC Ltd (ABSL AMC) is currently incorporated as a joint venture between Aditya Birla Capital Ltd (ABCL) and Sun Life AMC.

They have established a geographically diverse pan-Indian distribution presence spanning 284 locations across 27 states and 6 Union Territories.


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