Aditya Birla Sun Life AMC IPO
Aditya Birla Sun Life AMC IPO — date, price band, lot size & details 2021
Aditya Birla Sun Life AMC listed on 11 Oct 2021 at ₹715, 0.4% above the ₹712 issue price.
Aditya Birla Sun Life AMC manages mutual funds and other investment products as a joint venture of Aditya Birla Capital and Sun Life. Its total income was Rs 1,205.84 crore in FY2021.
Stock price
Aditya Birla Sun Life AMC is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 10 November.
- Open 29 Sep 2021
- Close 01 Oct 2021
- Allotment 06 Oct 2021
- Refund/credit 07 Oct 2021
- Listing 11 Oct 2021
Issue summary
The terms of the offer, as filed.
| IPO Dates | 29 Sep to 1 Oct, 2021 |
|---|---|
| Price Band | ₹695 – ₹712 |
| Face Value | ₹5 |
| Lot Size | 20 Shares |
| Issue Size | ₹2768.26 Cr |
| Sale Type | OFS only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,240 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 20 shares at the ₹712 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 20 | ₹14,240 |
| Retail (max) | 14 | 280 | ₹1,99,360 |
| S-HNI (min) | 15 | 300 | ₹2,13,600 |
| S-HNI (max) | 70 | 1,400 | ₹9,96,800 |
| B-HNI (min) | 71 | 1,420 | ₹10,11,040 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Profit after tax rose from Rs 446.80 crore in FY2019 to Rs 526.28 crore in FY2021.
- 02The company had no borrowing in any period shown, up to 30 June 2021.
- 03EBITDA was Rs 738.89 crore in FY2021 on total income of Rs 1,205.84 crore, a margin of about 61%.
- 04It managed AUM of Rs 2,736.43 billion on 31 December 2020 across 135 schemes.
- 05Net worth grew from Rs 1,220.57 crore on 31 March 2019 to Rs 1,802.16 crore on 30 June 2021.
Risks · 5
- 01The whole Rs 2,768.26 crore issue was offer for sale by the promoters, so no money went to the company.
- 02Total income fell from Rs 1,407.25 crore in FY2019 to Rs 1,205.84 crore in FY2021.
- 03The pre-issue P/E was 38.97 at the upper band of Rs 712, based on EPS of Rs 18.27.
- 04Fee income depends on market levels and fund flows, and 93 of its 135 schemes were debt schemes, which earn lower fees.
- 05Promoter holding fell from 100% before the issue to 86.5% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Aditya Birla Sun Life AMC offer document.
| Metric | 30 Jun 2021 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 2,085.88 | 1,984.55 | 1,571.96 | 1,498.46 |
| Total Income | 336.25 | 1,205.84 | 1,234.77 | 1,407.25 |
| Profit After Tax | 154.94 | 526.28 | 494.40 | 446.80 |
| EBITDA | 216.20 | 738.89 | 702.69 | 683.90 |
| NET Worth | 1,802.16 | 1,704.61 | 1,316.87 | 1,220.57 |
| Reserves and Surplus | 1,658.16 | 1,686.61 | 1,298.87 | 1,202.57 |
| Total Borrowing | 0.00 | 0.00 | 0.00 | 0.00 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Aditya Birla Sun Life AMC RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Aditya Birla Sun Life AMC IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹18.27 | ₹21.52 |
| P/E Ratio (x) | 38.97 | 33.09 |
| Market Cap at Offer Price (₹ Cr) | ₹6,038.17 | ₹5,126.27 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹712 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
How the company intends to use the proceeds of the issue.
Information about the usage of proceeds from the Aditya Birla Sun Life AMC IPO will be updated shortly.
About the company
It managed total AUM of Rs 2,736.43 billion across mutual funds, portfolio management services, offshore and real estate offerings on 31 December 2020. It ran 135 schemes, including 35 equity, 93 debt, 2 liquid schemes and 5 ETFs.
Its average AUM from institutional investors was Rs 1,412.43 billion, the fourth largest among peers as per CRISIL. It has digitised customer onboarding, payments, fund management, dealing, accounting and customer service.
The IPO was Rs 2,768.26 crore and was entirely an offer for sale by the two promoters, so the company received none of the money.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Aditya Birla Sun Life AMC IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
JM Financial Ltd.
74 issues handledBest listing: Tempsens Instruments (India) (+111.3%). Weakest: Turtlemint Fintech Solutions (-10.4%).
SBI Capital Markets Ltd.
37 issues handledBest listing: G R Infraprojects (+105.0%). Weakest: Kalyan Jewellers India (-15.0%).
Axis Capital
71 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
ICICI Securities
65 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Motilal Oswal Investment Advisors
44 issues handledBest listing: G R Infraprojects (+105.0%). Weakest: Metro Brands (-12.6%).
Kotak Mahindra Capital Company Limited
49 issues handledBest listing: G R Infraprojects (+105.0%). Weakest: Rategain Travel Technologies (-15.3%).
IIFL Capital Services Limited
71 issues handledBest listing: MTAR Technologies (+82.6%). Weakest: Rategain Travel Technologies (-15.3%).
Bofa Securities India Limited
14 issues handledBest listing: Nykaa (+79.4%). Weakest: The Leela Hotels (-6.7%).
Hdfc Bank Limited
12 issues handledBest listing: G R Infraprojects (+105.0%). Weakest: Paytm (-9.3%).
Citigroup Global Markets India Pvt. Ltd
13 issues handledBest listing: Nykaa (+79.4%). Weakest: Kalyan Jewellers India (-15.0%).
YES Securities (India) Ltd
2 issues handled2 of their issues have listed so far, and 1 opened above the issue price (average -4.3%). That is too small a sample to read as a hit rate.
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Aditya Birla Sun Life AMC?
The current Grey Market Premium is ₹20, or 3% over the issue price.
What is the Aditya Birla Sun Life AMC IPO price band?
₹695 to ₹712, on a face value of ₹5.
When is the allotment?
The basis of allotment is 6 October 2021, with listing on 11 October 2021.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
