Reblog – Aditya Birla AMC IPO Review: Joys of investing?
India’s IPO market is again turning busy with Aditya Birla Sun Life AMC IPO schedule to open on 29 September for subscription. The offer, priced in the range of INR695 – 712 per share, aims to mobilize as much as INR2,768.26 crore by selling 38,880,000 shares. All the shares will be offered by existing shareholders, valuing the firm at nearly INR20,505.6 crore at the upper end of the price band. Following the successful listings of HDFC AMC and Reliance Nippon AMC, investors will be surely looking positively to this IPO as well. This is also visible in the strong grey market premium the offer is commanding. Through Aditya Birla AMC IPO review, we try to find out if the company’s valuation leaves something on the table for investors.
Aditya Birla AMC IPO details
| Subscription Dates | 29 September – 1 October 2021 |
| Price Band | INR695 – 712 per share |
| Fresh issue | Nil |
| Offer For Sale | 38,880,000 shares (INR2,702.16 – 2,768.26 crore) |
| Total IPO size | 38,880,000 shares (INR2,702.16 – 2,768.26 crore) |
| Minimum bid (lot size) | 20 shares |
| Face Value | INR5 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |