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) | ||
|---|---|---|---|
| 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 |
Company Financials:
| Particulars | For the year/period ended (₹ in millions) | ||
|---|---|---|---|
| 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 |
Aditya Birla Sun Life AMC IPO Date & Price Band
| IPO Open: | 29 September 2021 |
| IPO Close: | 01 October 2021 |
| IPO Size: | Approx ₹2768 Crores |
| Fresh Issue: | N/A |
| Offer for Sale: | Approx ₹1768 Crores(38,880,000 Eq. Shares) |
| Face Value: | ₹5 Per Equity Share |
| Price Band: | ₹695 to ₹712 Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 35% |
| QIB Portion: | 50% |
| NII Portion: | 15% |
| Share Holder Quota: | 5% |
Aditya Birla Sun Life AMC IPO Market Lot
| Minimum Lot Size: | Minimum 20 Shares for 1 lot |
| Minimum Amount: | ₹14,240 for 1 lot |
| Maximum Lot Size: | Maximum 280 Shares for 14 lot |
| Maximum Amount: | ₹199,360 for 14 lot |
Aditya Birla Sun Life AMC IPO Date, Time Table, Allotment & Listing
| Price Band Announcement: | 23 September 2021 |
| Anchor Investors Allotment: | 28 September 2021 |
| IPO Open Date: | 29 September 2021 |
| IPO Close Date: | 01 October 2021 |
| Basis of Allotment: | 06 October 2021 |
| Refunds: | 07 October 2021 |
| Credit to Demat Account: | 08 October 2021 |
| IPO Listing Date: | 11 October 2021 |