Aditya Birla AMC IPO: The share allotment of Aditya Birla Sun Life (ABSL) IPO (Initial Public Offering) has been announced and both the lucky bidders and market observers are eagerly awaiting the listing date, which is likely to be on 1st October 2021. Aditya Birla AMC shares will be listed on both. NSE and BSE. However, ahead of the ABSL share listing date, the bidders are also tracking the gray market. Aditya Birla AMC share is available at today’s premium ₹In the gray market 27. According to market experts, such Aditya Birla AMC IPO GMP shows marginal listing gains from the public issue.
Aditya Birla AMC IPO GMP
As per market observers, Aditya Birla AMC IPO GMP is today ₹27, which is ₹Your Friday’s GMP of . up to 10 ₹17. Post-share allocation announcement, Aditya Birla AMC IPO gray market premium remains approx. ₹from 15 ₹35 indicating that the gray market is expecting a modest listing benefit from this public issue ₹2,768.26 crore. He said Aditya Birla is settling around the gray market price of AMC’s IPO ₹from 15 ₹35 is an indication that the gray market is expecting single digit gains from this IPO, which is a good sign for the lucky bidders considering 100 OFS (Offer for Sale) of this IPO.
what does this gmp mean
Market observers further said that the GMP is nothing but an unofficial data regarding the expected listing profit from the public issue. As Today is Aditya Birla AMC IPO GMP ₹27 means the gray market is expecting a premium profit ₹27. By this public issue it means it is expecting listing of Aditya Birla AMC IPO ₹739 ( ₹712+ ₹27) – about 4 percent more than the price band of ₹from 695 ₹712 per equity share.
However, market observers further stated that the GMP should not be a decision-making criterion with regard to the success or failure of a public issue. He advised the bidders to take a look at the financial position of the company.
Aditya Birla speaking on the balance sheet of Sun Life AMC; UnlistedArena.com founder Abhay Doshi said, “in the upper band of” ₹712, the issue price is in line with its listed counterparts. Based on FY21 earnings, the issue is seeking a PE multiplier of 39, which seems moderate and is leaving little room for short-term investors. The long-term prospects of the company are impressive due to the huge under-penetration in capital markets, but at the same time, there are several options to drive this theme.”
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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