Company Background
Aditya Birla Sun Life AMC Limited (ABSLAMC, formerly known as Birla Sun Life Asset Management Company Limited) established in 1994, is a joint venture between the Aditya Birla Capital Limited and Sun Life (India) AMC Investments Inc. The company offers a total of 135 mutual fund schemes consisting of 35 equity schemes, 93 debt schemes, 2 liquid schemes and 5 ETFs. In addition, it also offers 5 domestic fund of funds (FOF).
Business Information
Aditya Birla Capital Limited is the financial services platform of the Aditya Birla Group. Company has more than 17,000 employees, with a nationwide reach and more than 200,000 agents / channel partners. It is primarily the investment manager of Aditya Birla Sun Life Mutual Fund, a registered trust under the Indian Trusts Act, 1882.
Facts about the company
Aditya Birla Sun Life AMC Ltd, is the fourth largest asset management company in India in terms of assets under management (AUM) and the largest non-bank mutual fund
It has total assets under management of Rs.275,454 crore as of the end of June quarter
Credit risks related to the debt portfolio of their funds may expose them to losses, which may have an adverse effect on their business.
Points to note before investing in Aditya Birla Sun Life AMC Ltd IPO
The company operates through a network of 66,000 KYD-compliant mutual fund distributors and 240 national level distributors.
The fund has an institutional AUM base of more than 50%, largely into debt and liquid schemes.
Net profit margins have expanded from 31.75% to 43.64% over the last two years on better cost management and lower asset impairment provisioning.
It is the largest Non-bank Affiliated Asset management company of India
Growing Individual Investor Customer Base Driven by Strong Systematic Flows
Pan-India Diversified Distribution Network
The growth of their AUM may be affected due to the unavailability of appropriate investment opportunities or if they close or discontinue some of their schemes or services.
IPO Opening Date | September 29, 2021 |
IPO Closing Date | October 1, 2021 |
Issue Type | Book Built Issue IPO |
Face Value | ₹5 per equity share |
IPO Price | ₹695 to ₹712 per equity share |
Market Lot | 20 Shares |
Min Order Quantity | 20 Shares |
Listing At | BSE, NSE |
Allotment, Listing and Refunds details
IPO Open Date | September 29, 2021 |
IPO Close Date | October 1, 2021 |
Basis of Allotment Date | October 6, 2021 |
Initiation of Refunds | October 7, 2021 |
Credit of Shares to Demat Account | October 8, 2021 |
IPO Listing Date | October 11, 2021 |
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