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Upcoming IPO, Aditya Birla Sun Life AMC Ltd IPO Details with Share Price Range and Issue Size

Upcoming IPO, Aditya Birla Sun Life AMC Ltd IPO Details with Share Price Range and Issue Size

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Category : ipo news

Aditya Birla Sun Life AMC Ltd IPO Details:

Aditya Birla Sun Life AMC Ltd. has announced public offering of 38880000 shares at a price of Rs 5.00 each for Cash at a Premium of Rs 707.00 per share. The gross proceeds of the issue are expected to be Rs 2,76,825.60 lakhs.

The company's initial public offer (IPO) will open on 29 September 2021 and is expected to close on 01 October 2021, subject to customary closing conditions. The price band of the issue has been fixed at Rs 695.00-712.00 per share.

Subscription Details

 

Open Date

Close Date

Minimum

Investment

Lot Size

IPO Size

IPO Price Range

Listing Exchange

29 Sep 2021

2 Oct 2021

₹ 13,900

20

2,768.26 Cr

₹ 695-712

NSE, BSE

 

Timeline

  • Open Date
  • Close Date
  • Basis of Allotment
  • Refunds
  • Credit to Demat Account
  • Listing Date

The IPO includes a fresh Issue of 38880000 Equity Shares of the Company at a price of Rs 712.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 20 shares with bids in multiples of 20.

Aditya Birla Sun Life AMC Ltd. anticipates using the proceeds of the issue for.

Citigroup Global Markets India Pvt.Ltd, Axis Capital Ltd, HDFC Bank Limited, Kotak Mahindra Capital Company Ltd, YES Securities (India) Ltd, Motilal Oswal Investment Advisors Ltd, JM Financial Ltd, SBI Capital Markets Limited, IIFL Securities Limited, BofA Securities India Limited, ICICI Securities Ltd as lead manager(s) & KFIN Technologies Pvt. Ltd. is the registrar, to the issue.

If the Aditya Birla Sun Life AMC Ltd IPO is something that you’re looking to invest in come Sep 29, 2021, it would be a good idea to start the demat account opening process right away. Contact Libord Broking now to open demat account online within minutes.

 

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