Aditya Birla AMC IPO: GMP, Price, Other Details You Need to Know

Initial share-sale price band is fixed ₹695-712. As per market observers, Aditya Birla AMC IPO GMP (Grey Market Premium) is today ₹30.

Here we list down important details regarding Aditya Birla AMC IPO:

– Aditya Birla AMC IPO GMP: As mentioned above ABSL AMC shares are trading at a premium ₹Today in gray market 30. As per market observers, Aditya Birla AMC IPO GMP is today ₹18 down from yesterday evening’s gray market premium ₹48. He said that in a week, Aditya Birla AMC grew from gray market premium ₹30 to ₹70 But Just Before Its Subscriptions Open, It’s Down ₹30. He further added that a lot will depend on the response from investors when it opens for bidding tomorrow.

Aditya Birla AMC IPO Price Band: Asset Management Company has fixed the issue price ₹from 695 ₹712 per equity share.

– Aditya Birla AMC IPO Size: Targeting the company’s promoters ₹2,768.26 crore from this public issue through OFS (Offer for Sale).

– Aditya Birla AMC IPO Subscription Date: The public issue will open for subscription on 29 September and will be open for bidding till 1 October 2021.

– Aditya Birla AMC IPO Lot Size: A bidder will be able to apply for public issue in lots and one lot will consist of 20 shares of Aditya Birla AMC. A bidder can apply for a minimum of one lot and a maximum of 14 lots.

– Investment Limit in Aditya Birla AMC IPO: Since a bidder can apply for a minimum of one lot and a maximum of 14 lots, an investor can make a minimum investment of ₹14,240 ( ₹712 x 20) and max ₹1,99,360 ( ₹712 x 20 x 14).

– Problem type: Aditya Birla AMC IPO is a book build issue with face value ₹5 per equity share.

– Aditya Birla AMC IPO Subscribe or not: Advising investors for subscribing to Aditya Birla AMC IPO; Saurabh Joshi, Research Analyst, Marwari Shares and Finance Ltd. said, “Looking at the TTM adjusted EPS ₹Based on 20.27 onwards, the company is going to be listed at a P/E of 35.13, which has a market cap of ₹2,05,056 million while its counterparts HDFC AMC and Nippon Life are trading at P/E of 49.99 and 38.61 respectively. We assign a subscribe rating to this IPO as the company is the largest non-bank associated asset manager in India with a diversified product portfolio and a geographically diverse pan-India distribution presence. Also, the company is available at a fair valuation as compared to its competitors.”