Aditya Birla Sun Life AMC IPO to be listed on bourses on October 11; listing gain, strategy, What to expect? All you need to know

Aditya Birla Sun Life AMC IPO will be listed on exchanges on Monday, October 11, as per broker Uptox. Aditya Birla Sun Life Asset Management IPO, which opened on September 29, was subscribed 5.25 times on the closing day of the subscription.  The Rs 2,768.25-crore initial share sale received bids for 14,59,97,120 shares against 2,77,99,200 shares on offer, as per NSE consolidated bid details.   

Earlier, Aditya Birla Sun Life AMC IPO allotment process began on October 6 and refund initiation date was fixed as October 7. The transfer of shares in demat accounts were set for October 8. For those who could not get share allotment, amount either has been credited or will be transferred back to their respective accounts within 2 to 3 days.  

See Zee Business Live TV Streaming Below:

Aditya Birla Sun Life AMC IPO expectations:  

Talking about this issue, Zee Business Managing Editor Anil Singhvi has recommended to apply for those with long-term view. He said short-term investors could give a skip to the issue. " It is highly unlikely that this issue would offer listing gains," said the Market Guru. 

Positives and Negatives by Anil Singhvi:  

Positives  

*Big company with good track record: Aditya Birla AMC is the 4th largest mutual funds house and has been in the business since 1994-95,  

* Strong Promoters: The company has a massive experience in AMC and even the promoters – Birla Group and Sun Life — are strong 

* Quality Management:  Aditya Birla Sun Life AMC has quality management as well as brilliant fund management team that has been giving good performance consistently. The company is cash-rich and has good cash flows 

Negatives:  

Higher Valuations: The valuations could have been little cheaper by 8-10 per cent. 

Existing investors to sale, reduce stake: The existing investors Sun Life mulls selling its part in the company, while Birla Group plans to cut stake through OFS.  

Aditya Birla Sun Life AMC IPO Subscription break-up  

Earlier the category meant for Qualified Institutional Buyers (QIBs) received 10.36 times subscription, that for non-institutional investors 4.39 times and Retail Individual Investors (RIIs) 3.24 times. 

Meanwhile, those who still want to know the status of the allotment can do so either by BSE official website or through the IPO's registrar—KFintech Private Limited  

Aditya Birla Sun Life AMC IPO Allotment Status Check on BSE  

1 Login at BSE website — bseindia.com/investors/appli_check.aspx 

2 Enter Aditya Birla Sun Life AMC IPO name 

3 Enter your application number 

4 Enter your PAN details 

5 Click at 'I'm not a robot' 

6 Click at 'Submit' button 

You will get to know your Aditya Birla Sun Life AMC IPO share allotment status 

Aditya Birla Sun Life AMC IPO allotment status via KFintech Private Limited link: 

Step 1: Visit the official website of KFintech Private Limited or click on the link — kprism.kfintech.com/ipo status/ 

Step 2: Select Aditya Birla Sun Life AMC IPO from drop down 

Step 3: Select either of Application Number or DPID/Client ID or PAN 

Step 4: Enter your application number 

Step 5: Fill Captcha 

Step 6: Click at 'Submit' button.  

The offer had a fresh issue of up to Rs 440 crore and an offer for sale of up to 15,53,33,330 equity shares. The company's IPO was placed in a price range of Rs 86-90 per share. 

Aditya Birla Sun Life AMC Ltd, the investment manager of Aditya Birla Sun Life Mutual Fund, is a joint venture between the Aditya Birla Group and Sun Life Financial Inc of Canada.