{"id":2725,"date":"2021-09-29T11:13:31","date_gmt":"2021-09-29T11:13:31","guid":{"rendered":"https:\/\/www.paytmmoney.com\/blog\/?p=2725"},"modified":"2021-10-01T09:12:01","modified_gmt":"2021-10-01T09:12:01","slug":"aditya-birla-sun-life-amc-stepping-into-ipo-puddle","status":"publish","type":"post","link":"https:\/\/www.paytmmoney.com\/blog\/aditya-birla-sun-life-amc-stepping-into-ipo-puddle\/","title":{"rendered":"Aditya Birla Sun Life AMC – the shark stepping into the IPO puddle"},"content":{"rendered":"

Aditya Birla Sun Life AMC Limited (ABSLAMC) is a joint venture between the Aditya Birla Capital Limited and Sun Life (India) AMC Investments Inc. <\/span><\/p>\n

The company\u2019s main focus is to cater to the customers\u2019 needs across their life cycle -and has marked its presence and dominance in the  sector across continents.<\/span><\/p>\n

The Aditya Birla Group of Companies has adopted the motto of \u201cTo be a leader and role model in a broad-based and integrated financial services business.\u201d <\/span>Aditya Birla Capital Limited (ABCL) is the holding company for the financial services businesses of the Aditya Birla Group.<\/span><\/p>\n

All about Aditya Birla Sun Life AMC IPO: <\/strong><\/h3>\n

The Aditya Birla Sun Life AMC is live<\/a> with its Rs. 2,768 crores Initial Public Offering (IPO). The IPO opened for subscription today – on September 29 and will close on October 1.<\/span><\/p>\n

The issue will entirely be an offer-for-sale of up to 28.51 lakh equity shares by  the company and up to 3.6 crore equity shares by Sun Life AMC. The price band of the issue is fixed between Rs. 695 – Rs. 712 per share and the face value of each share is Rs. 5. The lot size is 20 shares. <\/span><\/p>\n

Company Glimpses:<\/strong><\/h3>\n

Aditya Birla Sun Life AMC is ranked as the largest non-bank affiliated AMC in India by QAAUM since March 31, 2018.<\/span><\/p>\n

Ever since it\u2019s inception in 1994, the company has managed to introduce 118 schemes comprising 37 equity schemes (including, among others, diversified, tax saving, hybrid and sector schemes), 68 debt schemes (including, among others, ultra short-duration, short-duration and fixed-maturity schemes), two liquid schemes, five ETFs and six domestic FoFs, as of June 30, 2021.<\/span><\/p>\n

The company is ranked as the largest non-bank affiliated AMC in India by QAAUM since March 31, 2018, and among the four largest AMCs in India by QAAUM since September 30, 2011, according  to the available reports.<\/span><\/p>\n

With the proceeds from the IPO, the company wishes to achieve the benefits of listing the Equity Shares on the Stock Exchanges. They further plan to carry out the Offer for Sale of up to 38,880,000 Equity shares by the Selling Shareholders.<\/span><\/p>\n

Services offered by the company:<\/strong><\/h3>\n

\"IPO\"<\/p>\n

The company provides sector specific equity schemes, fund of fund schemes, hybrid and monthly income funds, debt and treasury products and offshore funds. <\/span>ABSLAMC has various business vertices such as Portfolio Management Services, Real Estate Investments and Alternative Investment Funds. <\/span><\/p>\n