Aditya Birla Sun Life AMC Limited IPO- Know all about it

Fundamental Analysis- Aditya Birla Sun Life IPO
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Incepted in the year 1994, Aditya Birla Sun Life AMC is coming up with its IPO amounting to Rs 2702- Rs 2768 crore. The company is currently set up as a joint venture between ABCL and Sun Life AMC. ABCL is the listed non-operating holding company of the financial services businesses of the Aditya Birla group.

Offer Details of the Aditya Birla Sun Life AMC Limited

Offer Details
Offer Size Rs 2702-2768 crore (Approx)
of which
Fresh Issue NIL
Offer for sale upto 38,880,000 equity shares
Shareholder quota for AB Capital shareholders upto 19,44,000 equity shares
Price Band Rs 695 -Rs 712 per share
Offer Period Sept 29- Oct 1, 2021
Offer Structure QIBs: upto 50% of the offer
NIIs: upto 15% of the offer
RIIs : upto 35% of the offer
Market Lot Minimum 1 lot; 20 shares (Rs 14,240)
Listing on BSE, NSE
BRLM’s Axis Capital, HDFC Bank, ICICI Securities, IIFL Securities, JM Financial, Motilal Oswal, SBI Capital Markets, Yes Securities
Registrar Kfintech

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Business Review

Birla Sun Life is a leading international financial services organization providing insurance, wealth, and asset management solutions to individual and corporate clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Hong Kong, Australia, and several countries across Asia.

Birla Sun Life AMC is a geographically well-diversified company with a pan-India distribution presence covering 284 locations spread over 27 states and six union territories. The distribution network is extensive and multi-channeled with a significant physical as well as digital presence, and included over 66,000 KYD-compliant MFDs, over 240 national distributors, and over 100 banks/financial intermediaries, as of June 30, 2021. The AMC managed 118 schemes comprising 37 equity schemes (including diversified, tax saving, hybrid, and sector schemes among others), 68 debt schemes, two liquid schemes, five ETFs, and six domestic FoFs, as of June 30, 2021. The flagship schemes of the AMC include Aditya Birla Sun Life Frontline Equity Fund and Aditya Birla Sun Life Corporate Bond Fund, both of which have grown to become leading funds in India.

In addition, the AMC provides portfolio management services, offshore and real estate offerings, and managed a total AUM of Rs 115.15 billion as part of such services, as of June 30, 2021.

The growth in individual investor MAAUM and customer base has been largely – driven by the development of digital platforms, focus on building relationships with distributors, and wide channel distribution across smaller emerging markets, and through deepening presence in B-30 cities.

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About CA Priyanka Choudhary Jain 122 Articles
Chartered Accountant & an experienced credit analyst. She has worked with CRISIL as a Senior Credit Analyst on rating assignments including business & financial analysis in Corporates as well as the Public Finance Sector. Please mail your queries, feedback, and any suggestions to her on info.financepost@gmail.com

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