Aditya Birla Sunlife AMC IPO Opens: You will have to invest at least Rs 14240, know the advice of market experts on investing in IPO
At Least Rs 14,240 Will Have To Be Invested, The Company Plans To Raise Rs 2,768 Crore Through The Issue
TPN24 Desk 
Another opportunity has come for the investors investing in IPO. The IPO of Asset Management Company Aditya Birla Sunlife AMC has opened today. Investors will be able to bid for investments till October 1. The company has fixed the issue price band at Rs 695-712 per share. The company plans to raise Rs 2,768 crore through the issue.
1.94 lakh shares will be reserved for the shareholders of Aditya Birla Capital.
This IPO will be of 3.88 crore equity shares. In this, there will be an offer for the sale of 28.51 lakh equity shares from Aditya Birla Capital. Whereas Sun Life AMC will sell 1.6 crore shares through an offer for sale. In which 1.94 lakh equity shares will be reserved for the shareholders of Aditya Birla Capital.
Share Price in Gray Market
The GMP (Grey Market Premium) of unlisted shares of Aditya Birla Sunlife AMC has been falling continuously. The company's GMP is currently running at Rs 50. According to this, its shares are trading at Rs 762 (712+50). The GMP of Aditya Birla Sunlife AMC was Rs 70 on September 27, which has now come down to Rs 50.
Marwari Shares and Finance's IPO investment advice
Saurabh Joshi of Marwari Shares and Finance said that we are advising to subscribe to this IPO. The company is the largest non-bank affiliate asset manager in the country. Its product is diversified and its presence is across the country. Along with this, the issue of the company is cheaper than that of the rival companies.
The minimum investment will be Rs 14,240. The
company has fixed the lot size of 20 shares. According to the upper price band, at least one lot will have to be invested in the IPO of Rs 14,240. 50% of the IPO will be reserved for QIB investors, 35% for retail investors, and 15% for non-institutional investors.
The fourth fund house will be listed
, this will be the fourth company in the country's mutual fund industry to be listed in the stock market. As of now HDFC Mutual Fund, Nippon Mutual Fund and UTI Mutual Fund are the listed companies. The Nippon List was first held in the year 2017. After that HDFC was listed. Investors have made good gains in Nippon and HDFC shares.
15,942 crore in 2018
The total assets of Birla Mutual Fund were Rs 15,492 crore in 2018 which increased to Rs 19,595 crore in December 2020. During this period, the net profit of the company increased from Rs 348 crore to Rs 369 crore in December 2020. Its profit in the first quarter of the current financial year. Aditya Birla Sun Life AMC Limited, the investment manager of Aditya Birla Sunlife Mutual Fund, is a joint venture between the Aditya Birla Group and SunLife Financial Inc. of Canada.
