Aditya Birla Sun Life AMC IPO: Check Subscription Date, Price & All You Need to Know

Aditya Birla AMC initial public offering has an IPO price of Rs 695 to Rs 712 per equity share.

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Aditya Birla Sun Life AMC IPO opens on September 29.  The subscription period will close on October 1. IPO on offer for sales altogether, with two promoters - Aditya Birla Capital and Sun Life (India) selling their stake in AMC Investments - an asset management firm.

Aditya Birla Sun Life AMC is the fourth largest mutual fund house in the country. The mutual fund company will be the fourth fund house to get listed on exchanges. So far, HDFC AMC, Nippon Life India AMC and UTI AMC are listed.

Aditya Birla Sun Life AMC IPO Details  

• The IPO has a face value of Rs 5 per equity share
• The initial public offering has an IPO price of Rs 695 to Rs 712 per equity share. In the grey market, the issue stands at a premium of Rs 70. 
• The IPO has a market lot and minimum order quantity of 20 shares.
• According to a report on the Chittorgarh website, Aditya Birla Sun Life AMC IPO has an issue size of Rs 2,768.26 crore.
• Aditya Birla Sun Life AMC IPO share allotment is likely to take place on October 6.
• The IPO is likely to be listed in BSE and NSE.
• According to PTI Aditya Birla Sun Life AMC Ltd, the investment manager of Aditya Birla Sun Life Mutual Fund, is a joint venture between Aditya Birla Group and Sun Life Financial Inc of Canada
• According to a PTI report, in August, Aditya Birla Sun Life AMC received the approval of capital market regulator SEBI to raise funds through an initial share sale. Earlier in June, SEBI had kept the proposed initial share-sale of Aditya Birla Sun Life AMC in “abeyance”.