Aditya Birla AMC IPO: Investors unhappy with the listing of shares, the stock rolled after a flat start

Aditya Birla AMC IPO: There is important news for investors investing in Aditya Birla’s IPO (Aditya birla shares). The shares of the company have been listed in the stock market today. Amidst the volatility in the market, the company’s shares are listed on NSE for Rs 715. At the same time, there have been flat listings on BSE at Rs 712. Even after the listing, there was a sell-off in the shares of the company. Apart from this, even after listing in the stock market, there was a 0.88 percent fall in the shares of the company. At the same time, the high of the stock was Rs 721.

Subscription was open on 29 September
The issue of Aditya Birla Sun Life AMC was opened for subscription on 29 September and closed on 1 October. The issue of the company was subscribed about 5.25 times. Apart from this, 10.36 times the bid was made by Qualified Institutional Buyers (QIBs). At the same time, the share of non-institutional investors was subscribed 4.39 times. Talking about retail investors, 3.24 times the bids were received from them.

Know what is the specialty-

• The company’s shares were listed on NSE at Rs 715 and on BSE at a flat price of Rs 712.
• According to the IPO, investors have made a profit of only Rs 3 per share.
• The price band for the IPO was fixed at Rs 695-712.
• Its market cap at the time of listing stood at Rs 20505.60 crore.

What is the business of the company?
Aditya Birla is the largest non-banking AMC company in the country. Apart from this, the company also has the business of mutual funds. It is working with Aditya Birla Group and Canadian company Sun Life Financial Joint Venture.

Many AMC shares are listed in the market
Talking about the total assets of the company, till the September quarter of the year 2020, the asset management of the company was 2.38 lakh crores. Apart from this, at present the shares of HDFC AMC, UTI AMC, Nippon Life India AMC are listed in the stock market in the stock market.

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