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

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

Timeline

• 29 Sep 2021 Open Date
• 1 Oct 2021 Close Date
• 6 Oct 2021 Basis of Allotment
• 7 Jan 2021 Refunds
• 8 Oct 2021 Credit to Demat Account
• 11 Oct 2021 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.

Latest IPO News | Largest Upcoming IPO | Latest IPO | Upcoming IPO | Recent & Upcoming IPOS | Latest IPO List | Upcoming Ipo 2022 | Upcoming Ipo List 2022 | New Ipo Launch Today | How to Apply IPO