Fund House Aditya Birla Sun Life AMC Initial Public Offering (IPO), which opened for subscription on 29 September and closed on 1 October, garnered 5.25 times subscriptions by the end of its closing day. NS ₹Bids were received for 14,59,97,120 shares against an offer of 2,77,99,200 shares for an initial share sale of Rs 2,768 crore.
The share allotment of Aditya Birla AMC IPO is likely to take place today and the bidders who have subscribed to the public issue of AMC can check the application status online on the BSE website. Here OR Official Registrar of IPO Website – Kefintech Pvt Ltd Here.
Once allotted, the equity shares are expected to be credited to the bidders’ account by October 8. Whereas, the shares of Aditya Birla Sun Life AMC may get listed on BSE and NSE on October 11.
As per market observers, shares of Aditya Birla AMC are available at Premium (GMP) ₹35 in the gray market today. Gray Market is an unofficial platform where trading starts from the announcement of the IPO price band till the listing of the IPO shares.
The IPO was of 38,880,000 equity shares, with a price range of ₹695-712 per share. The share sale was an outright offer of sale (OFS), in which two promoters, Aditya Birla Capital and Sun Life (India) AMC Investments, sell their stake in the asset management firm. The IPO of 3.88 crore equity shares includes an offer for sale of 28.51 lakh equity shares by Aditya Birla Capital and 3.6 crore equity shares by Sun Life AMC.
Aditya Birla Capital on Tuesday informed that the offer price of Aditya Birla Sun Life AMC (ABSLAMC) IPO has been finalised. ₹712 per equity share ((including the offer price of the anchor investor) ₹5 each of ABSLAMC. Aditya Birla Sun Life AMC had collected ₹789 crore from anchor investors before its share sale.
Kotak Mahindra Capital Company, BofA Securities India, Citigroup Global Markets India, Axis Capital, HDFC Bank, ICICI Securities, IIFL Securities, JM Financial, Motilal Oswal Investment Advisors, SBI Capital Markets and Yes Securities (India) Limited were the managers of the offer. .
Don’t miss a story! Stay connected and informed with Mint.
download
Our App Now!!
.