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Aditya Birla Sun Life AMC IPO: Here’s how to check allotment status

Aditya Birla Sun Life AMC IPO: Here’s how to check allotment status
  • The company is likely to announce its share allotment status on October 6.
  • The mutual fund company’s IPO was subscribed 5.25 times on the last day of bidding.
  • Investors have bid for 14.59 crore shares against the 2.77 crore shares on offer.
The mutual fund company Aditya Birla Sun Life AMC is likely to announce the allotment of its initial public offering (IPO) status on Wednesday, October 6.

The IPO was open for subscription between September 29 and October 1.

The mutual fund company is looking to raise ₹2,768 crore through sale of 3.88 crore shares. The IPO proceeds will go to promoters since the company is a joint venture between Aditya Birla Capital and Canadian firm Sun Life AMC. Both the promoters will jointly sell a 13.5% stake in the company through the IPO.

The IPO has received decent response from investors overall, however, qualified institutional buyers and non-institutional investors subscribed to it the most.

Investors have bid for 14.59 crore shares against the 2.77 crore shares on offer.
Category

Subscription status

Qualified Institutional Buyers

10.36

Non-institutional

4.39

Retail individual

3.24

Total

5.25


Aditya Birla Sun Life AMC is the fourth largest mutual fund house in the country with ₹2.75 billion average assets under management after SBI MF, HDFC MF and ICICI Prudential MF as of June quarter.

Analysts expect the mutual industry’s AUM to grow by 11-13% in the next five years at ₹57 trillion and Aditya Birla Sun Life AMC to benefit from strong industry prospects given it is among the top five players.

Here is how to check Aditya Birla Sun Life AMC IPO allotment status on stock exchange website:

  • Go to the BSE website or NSE website here.
  • On BSE, Select 'Equity' and then from the dropdown, select ‘Aditya Birla Sun Life AMC‘.
  • Now, enter your application number and PAN.
  • Click on 'Search'.
  • Please note the details will only be available once the shares are allotted.
You can also visit the registrar website (Link Intime India) to check your application status.

  • Visit the registrar's website here.
  • Click on 'Select company' and click on ‘Aditya Birla Sun Life AMC’.
  • Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.
  • Enter the captcha and click ’submit’.
Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you.

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