Aditya Birla AMC IPO: Know the subscription date, price and size of Aditya Birla Sun Life AMC IPO

Aditya Birla AMC IPO: Aditya Birla Sun Life AMC IPO is opening on 29th September. Its subscription period will end on October 1. Significantly, the IPO is purely an offer for sale, in which two promoters – Aditya Birla Capital and Sun Life (India) AMC Investments – will sell their stake in the asset management firm. PTI has reported the draft Red Herring Prospectus (DRHP).

Aditya Birla Sun Life AMC IPO Details

• The face value of the IPO is Rs 5 per equity share.
• The IPO price of the initial public offering ranges from Rs 695 to Rs 712 per equity share. At the same time, this issue is trending at a premium of Rs 70 in the gray market.
• The market lot and minimum order quantity in IPO is 20 shares.
• According to a report in Chittorgarh website, the issue size of Aditya Birla Sun Life AMC IPO is Rs 2,768.26 crore.
• Aditya Birla Sun Life AMC IPO share allotment is likely to happen on 6 October.
• The IPO is likely to be listed on BSE and NSE.
• According to PTI, Aditya Birla Sun Life AMC Limited, 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.
• According to a PTI report, in August, Aditya Birla Sun Life AMC had received capital markets regulator SEBI’s nod to raise funds through initial share sale. Earlier in June, SEBI had “postponed” the proposed initial share-sale of Aditya Birla Sun Life AMC.

read this also

Kerala: The person had forgotten after buying 3500 shares, now the price is Rs 1448 crore but the company refused to give

From October 1, these rules of the bank will be applicable from payment and checkbook to salary, know how it will affect your pocket