About Aditya Birla Sun Life IPO

Aditya Birla Sun Life AMC is the fourth-largest asset management company in India. It is a venture formed between India’s Aditya Birla Capital and Canada’s Sun Life Financial. As per its latest quarterly report, i.e., of June 2021, it had a total of Rs. 2.75 lakh crore of AUM or assets under management.

The company has an extensive portfolio of products, including investment instruments such as mutual funds, stocks, securities, pension funds, and more. The company also extends expert portfolio management services. Their product portfolio further entails financing solutions such as home finance, mortgage finance, personal finance, and the likes.

Aditya Birla Sun Life stands out as an investment company with its team of experts who ensure that you get the best returns against your buck.

Aditya Birla Sun Life IPO Objectives :

- To avail the advantages of listing on stock exchanges

-Payment of previous debts, partially or wholly

-Meeting various corporate expenses

Aditya Birla Sun Life IPO - Details

The AMC has received SEBI’s approval on 5 August 2021, and according to company sources, they are planning to launch their IPO by the end of September this year. The IPO size is around Rs. 2768.26 crores. However, this public issue will strictly be an offer for sale, and no news of fresh equity shares is available yet. The company is selling off 38,880,000 equity shares.

Opening Date

Sep 29, 2021

Closing Date

Oct 1, 2021

Price Band

₹695 to ₹712

per equity share

Issue Size

₹2,702 to ₹2,768 Cr

Face Value

₹ 5

per equity share

Market Lot

20 Shares

Opening Date

Sep 29, 2021

Closing Date

Sep 29, 2021

Price Band

₹695 to ₹712

per equity share

Issue Size

₹2,702 to ₹2,768 Cr

Face Value

₹ 5

per equity share

Market Lot

20 Shares

Listing at NSE, BSE

Aditya Birla Sun Life IPO Important Dates

IPO Open Date Sep 29, 2021
IPO Close Date Oct 1, 2021
Basis Of Allotment Date Oct 6, 2021
Initiation Of Refunds Oct 7, 2021
Credit Of Shares To
Demat ACcount
Oct 8, 2021
IPO Listing Date Oct 11, 2021

Aditya Birla Sun Life IPO Latest News and Subscription Status Today [Live]

Day 3 : 01 Oct 2021
Day 2 : 30 Sep 2021
Day 1 : 29 Sep 2021

At 05:05 p.m.

- This IPO has been subscribed 5.24x by 5:05 PM. on Day 3
- It is a public issue of 27,799,200 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 10.36x
- (NII) Non-institutional buyers: 4.39x
- (RII) Retail Individual buyers: 3.22x
- Shareholders: 1.68x

 

At 03:55 p.m.

- This IPO has been subscribed 3.35x by 3:55 PM. on Day 3
- It is a public issue of 27,799,200 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 10.36x
- (NII) Non-institutional buyers: 3.87x
- (RII) Retail Individual buyers: 3.15x
- Shareholders: 1.62x

 

At 02:50 p.m.

- This IPO has been subscribed 3.35x by 2:50 PM. on Day 3
- It is a public issue of 27,799,200 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 5.70x
- (NII) Non-institutional buyers: 2.02x
- (RII) Retail Individual buyers: 2.89x
- Shareholders: 1.30x

 

At 01:40 p.m.

- This IPO has been subscribed 2.47x by 1:40 PM. on Day 3
- It is a public issue of 27,799,200 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 3.32x
- (NII) Non-institutional buyers: 1.20x
- (RII) Retail Individual buyers: 2.74x
- Shareholders: 1.10x

 

At 12:40 p.m.

- This IPO has been subscribed 1.18x by 12:40 PM. on Day 3
- It is a public issue of 27,799,200 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 2.79x
- (NII) Non-institutional buyers: 0.68x
- (RII) Retail Individual buyers: 2.51x
- Shareholders: 1.00x

 

At 11:40 a.m.

- This IPO has been subscribed 1.18x by 11:40 AM. on Day 3
- It is a public issue of 27,799,200 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.29x
- (NII) Non-institutional buyers: 0.54x
- (RII) Retail Individual buyers: 2.31x
- Shareholders: 0.85x

 

At 10:40 a.m.

- This IPO has been subscribed 1.18x by 10:40 AM. on Day 3
- It is a public issue of 27,799,200 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.06x
- (NII) Non-institutional buyers: 0.45x
- (RII) Retail Individual buyers: 2.20x
- Shareholders: 0.81x

 

At 05:10 p.m.

- This IPO has been subscribed 1.08x by 5:10 PM. on Day 2
- It is a public issue of 27,799,200 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.06x
- (NII) Non-institutional buyers: 0.40x
- (RII) Retail Individual buyers: 2.00x
- Shareholders: 0.71x

 

At 04:10 p.m.

- This IPO has been subscribed 0.97x by 4:10 PM. on Day 2
- It is a public issue of 27,799,200 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.06x
- (NII) Non-institutional buyers: 0.31x
- (RII) Retail Individual buyers: 1.84x
- Shareholders: 0.56x

 

At 02:40 p.m.

- This IPO has been subscribed 0.87x by 2:40 PM. on Day 2
- It is a public issue of 27,799,200 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.02x
- (NII) Non-institutional buyers: 0.24x
- (RII) Retail Individual buyers: 1.67x
- Shareholders: 0.48x

 

At 01:40 p.m.

- This IPO has been subscribed 0.83x by 1:40 PM. on Day 2
- It is a public issue of 27,799,200 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.02x
- (NII) Non-institutional buyers: 0.23x
- (RII) Retail Individual buyers: 1.61x
- Shareholders: 0.46x

 

At 12:40 p.m.

- This IPO has been subscribed 0.78x by 12:40 PM. on Day 2
- It is a public issue of 27,799,200 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.21x
- (RII) Retail Individual buyers: 1.52x
- Shareholders: 0.43x

 

At 11:40 a.m.

- This IPO has been subscribed 0.73x by 11:40 AM. on Day 2
- It is a public issue of 27,799,200 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.18x
- (RII) Retail Individual buyers: 1.43x
- Shareholders: 0.41x

 

At 10:40 a.m.

- This IPO has been subscribed 0.67x by 10:40 AM. on Day 2
- It is a public issue of 27,799,200 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.17x
- (RII) Retail Individual buyers: 1.31x
- Shareholders: 0.37x

 

At 05:05 p.m.

- This IPO has been subscribed 0.55x by 2:40 PM. on Day 1
- It is a public issue of 27,799,200 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.14x
- (RII) Retail Individual buyers: 1.09x
- Shareholders: 0.31x

At 03:40 p.m.

- This IPO has been subscribed 0.43x by 2:40 PM. on Day 1
- It is a public issue of 27,799,200 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.05x
- (RII) Retail Individual buyers: 0.88x
- Shareholders: 0.15x

 

At 02:40 p.m.

- This IPO has been subscribed 0.36x by 2:40 PM. on Day 1
- It is a public issue of 27,799,200 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.03x
- (RII) Retail Individual buyers: 0.74x
- Shareholders: 0.12x

 

At 01:40 p.m.

- This IPO has been subscribed 0.32x by 1:40 PM. on Day 1
- It is a public issue of 27,799,200 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.03x
- (RII) Retail Individual buyers: 0.67x
- Shareholders: 0.10x

 

At 12:40 p.m.

- This IPO has been subscribed 0.24x by 12:40 PM. on Day 1
- It is a public issue of 27,799,200 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.02x
- (RII) Retail Individual buyers: 0.49x
- Shareholders: 0.08x

 

At 11:40 a.m.

- This IPO has been subscribed 0.19x by 11:40 AM. on Day 1
- It is a public issue of 27,799,200 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.02x
- (RII) Retail Individual buyers: 0.39x
- Shareholders: 0.06x

 

At 10:40 a.m.

- This IPO has been subscribed 0.16x by 10:40 AM. on Day 1
- It is a public issue of 27,799,200 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.02x
- (RII) Retail Individual buyers: 0.33x
- Shareholders: 0.05x

 

Why Should You Invest in Aditya Birla Sun Life IPO?

Aditya Birla Sun Life is one of the leading AMCs of India, and here are a few prominent reasons to subscribe to its IPO –

1. It is one of the well-recognised brands in this segment with a wide and diverse product portfolio.
2. Has two experienced promoters who have been in this business for decades.
3. Has a rapidly growing investor base driven by a solid B-30 penetration and systematic flow.
4. Offers superior fund performance supported by calculative risk management and research-centric investment policy.
5. Has pan-India operations led by an experienced investment and management team.
6. It has registered a steady increase in revenue paired with rising profit in consecutive financial years.

Financial Highlights

Aditya Birla Sun Life has managed to deliver profits for three successive years. Here is an overview of this asset management company’s financial highlights of the past three fiscal years –

Financial Year Total Assets Total Revenue Total Expenses Profit After Tax
March FY2020 Rs. 15,719.59 million Rs. 12,347.68 million Rs. 5,740.39 million Rs. 4,944.02 million
March FY2019 Rs. 14,984.60 million Rs. 14,072.50 million Rs. 7,614.83 million Rs. 4,467.99 million
March FY2018 Rs. 15,492.70 million Rs. 13,236.71 million Rs. 8,021.63 million Rs. 3,485.61 million

How to apply for Aditya Birla Sun Life IPO?

You can apply for the Aditya Birla Sun Life IPO in these ways:

UPI
Link your bank account to a reliable UPI ID and register it with your Angel One account. Proceed to book Aditya Birla Sun Life IPO shares using the ID, confirm the payment on the UPI app, and block the amount for allotment.

Demat Account

1. If you are already a client of Angel One, apply directly for Aditya Birla Sun Life IPO, click here.
2. If you’re a new investor Open DEMAT Account for free with Angel One to begin your investment journey.

Aditya Birla Sun Life IPO – Noteworthy Highlights

Incorporated in 1994, Aditya Birla Sun Life has emerged as one of the leading AMCs of India. The company is a joint venture between Aditya Birla Capital and Sun Life Financial Inc. Here are some highlights of the company that investors should know of –

1. As of June 2021, the company has a total AUM (asset under management) of Rs. 2.75 lakh crore.

2. Currently, the company runs more than 120 investment plans catering to a wide customer base.

3. The customer base includes both individual and institutional investors.

4. As of December 2020, Aditya Birla Sun Life had a network of 240 national distributors over 100 banks.

5. ABSL asset management company offers systematic transactions facilities like SIPs, STPs, and SWPs.

Aditya Birla Sun Life IPO - SWOT Analysis

strengths

Strengths

  • Reputation: One of the major strengths of Aditya Birla Sun Life AMC is its market reputation. Being in this business for more than 20 years, the company has delivered consistent returns. This brand image creates a base for the company to scale further.
  • Strong distribution channel: The company has a vast distribution channel that helps it to cater to a larger demographic.
  • Strong investment team: The investment team behind the scene led by experienced fund managers rely on research and analysis to ensure expected returns.
Weaknesses

Weaknesses

  • Inconsistent growth in revenue: The revenue growth for ABSL AMC has been inconsistent at times, which can be a concern.
  • Heavy reliance on distributors: The operation relies heavily on distributors, which can sometimes be an issue.
Opportunities

Opportunities

  • Low industry penetration: Aditya Birla Sun Life AMC operates in an underpenetrated business segment with considerable potential.
Threats

Threats

  • Tough competition: Aditya Birla Sun Life is working in a segment where its rivals are already listed and hold a significant market share.
Strenghts Strengths
Weaknesses Weaknesses
Opportunities Opportunities
Threats Threats

Strengths

  • Reputation: One of the major strengths of Aditya Birla Sun Life AMC is its market reputation. Being in this business for more than 20 years, the company has delivered consistent returns. This brand image creates a base for the company to scale further.
  • Strong distribution channel: The company has a vast distribution channel that helps it to cater to a larger demographic.
  • Strong investment team: The investment team behind the scene led by experienced fund managers rely on research and analysis to ensure expected returns.

Weaknesses 

  • Inconsistent growth in revenue: The revenue growth for ABSL AMC has been inconsistent at times, which can be a concern.
  • Heavy reliance on distributors: The operation relies heavily on distributors, which can sometimes be an issue.

Opportunities 

  • Low industry penetration: Aditya Birla Sun Life AMC operates in an underpenetrated business segment with considerable potential.

Threats 

  • Tough competition: Aditya Birla Sun Life is working in a segment where its rivals are already listed and hold a significant market share.

Competitive Analysis: Market Peers

Following is an overview of how listed market peers of Aditya Birla Sun Life AMC are performing in NSE on 16 August 2021 –

Competitor Face value Sector P/E Market Cap. Dividend yield
Shriram Asset Management Company Ltd. 10 49.04 Rs. 56 crores NA
HDFC Asset Management Company Ltd. 5 42.79 Rs. 62,459 crores 1.16
UTI Asset Management Company Ltd. 10 42.79 Rs. 13,106 crores 1.65
Nippon Life India Asset Management Company Ltd  10 42.79 Rs. 23,885 crores 2.07
** Note: Market cap is mentioned in crores

Aditya Birla Sun Life IPO FAQs

How to apply for the Aditya Birla Sun Life IPO via Angel One App?

To apply for an IPO via Angel One App, you can follow the steps mentioned below –
Step 1: Visit the ‘investment opportunities’ section on Angel One App
Step 2: Go to the ‘IPOs and FPOs’ option and enter the needed information
Step 3: Enter your NPCI approved UPI handle
Step 4: Click on ‘invest’ and place your Aditya Birla Sun Life IPO order

How to find my UPI ID?

To find your UPI ID, you can visit the ‘profile’ section of a UPI app. To learn more about this process and how to access it in different apps, click here.

What is the process of generating a UPI ID?

To create a UPI ID from the BHIM app, you can follow the below-mentioned steps –
Step 1: Download the BHIM app on your phone
Step 2: Verify your mobile number and register the password or PIN required to open the app
Step 3: Choose a bank from the available list
Step 4: This app will then automatically get your bank account details
Step 5: In case you have more than one bank accounts, choose the one you want to register and link with BHIM
Step 6: Set up a personal UPI ID for security purposes
You can check your UPI ID afterwards in the ‘Profile’ section.

Can I apply for the Aditya Birla Sun Life IPO without a UPI ID?

In case you don’t have a UPI ID, create one easily through any of the UPI handles mentioned in the NPCI list. You can also do the same through the ASBA process via your bank account or by using a physical form.

Why can’t I locate my UPI handle in the Angel One app dropdown menu while applying for IPO?

If you cannot locate your UPI ID/handle in the dropdown menu of Angel One App, it means the NPCI does not approve this UPI ID. Alternatively, you can create a UPI ID with any financial institution present on the NPCI list.

What is the timeframe within which I need to accept a UPI mandate request?

It is better to accept a UPI mandate request as soon as you get it. However, the approval window for it stays open from the closing bell of an IPO to 12 pm on the following working day.

Is it possible to make more than one application for Aditya Birla Sun Life IPO?

No, one application for each PAN is allowed as per the rules. The reason is, if you decide to apply via multiple platforms using the single PAN, your application will not be approved, and you will fail to get an allotment for an IPO.

What is the process of approving the mandate request for Aditya Birla Sun Life IPO?

Any approval for Aditya Birla Sun Life IPO mandate is provided via your UPI app. To learn more about the associated steps on how this approval process works, click here.

I have accepted the IPO mandate request, but its status on the Angel One app is still showing pending. What should I do now?

Mandate request for UPI on the Angel One App is not equipped with real time updates. Nonetheless, in case your mandate is approved, it will reflect in the order book of a particular IPO after a while.

What are the charges needed for the Aditya Birla Sun Life IPO?

Applying via Angel One platform for Aditya Birla Sun Life IPO will not require paying any additional charges.

Can I use a bank account not linked with the Angel One app to apply for this Aditya Birla Sun Life IPO?

Yes, you can apply for Aditya Birla Sun Life IPO by using a bank account, which is not linked with Angel One App, only if it is in your name.

Why can’t I apply for the Aditya Birla Sun Life IPO via any UPI ID/handle?

UPI handles approved by NPCI can only be used to apply for Aditya Birla Sun Life IPO. Therefore, if you cannot apply for this initial public offering using your current UPI ID, you need to review the list of banks or apps that have NPCI’s approval to provide UPI service to apply for this Aditya Birla Sun Life IPO.

What is a cut-off price? Should I apply at this price point?

The cut-off price is the one at which your shares for Aditya Birla Sun Life IPO will be issued. This price is decided during the allotment stage, and when investors apply at this price, it means they are willing to place a bid for it at this particular price point. Ideally, one can bid at this price to better his/her chances of securing an allotment.

Can I use current accounts to apply for the Aditya Birla Sun Life IPO?

No, banks will not process applications for Aditya Birla Sun Life IPO or any other public offering made via current accounts. Therefore, it is better to apply through a savings account. You can contact your bank for further information.

Can I use my minor daughter’s account to apply for the Aditya Birla Sun Life IPO?

No, you cannot apply for the Aditya Birla Sun Life IPO using your minor daughter’s account. The Angel One App does not have such provisions where you can apply for IPOs using your minor daughter’s account. On the contrary, a minor can apply using the ASBA process through a bank.

How swiftly can I receive the UPI mandate request after placing the order for IPO?

Usually, it takes 15 to 20 minutes to receive the mandate request against your UPI after placing a bid for an IPO. However, in some cases, you face delays for multiple reasons.

Can NRIs apply for the Aditya Birla Sun Life IPO?

No, NRIs cannot apply for Aditya Birla Sun Life IPO via the Angel One App. But, they can do so through the ASBA or Application Supported By Blocked Amount process through their respective banks.

I have submitted a bid for the Aditya Birla Sun Life IPO. Why aren’t the funds debited yet?

Your bank will not deduct any funds when you file an application for the Aditya Birla Sun Life IPO. They will only block or hold the due amount. After you receive the allotment, these funds will be released. However, if you do not receive the allotment or your UPI mandate request expires, these funds will be released.

Can I apply for Aditya Birla Sun Life IPO via my Hindu Undivided Family account?

No, you cannot apply for Aditya Birla Sun Life IPO, or any IPO for that matter, using your Hindu Undivided Family account via Angel One platform. However, you can use this HUF account through the ASBA process via your bank for this purpose.

What can be the reasons for the rejection of my Aditya Birla Sun Life IPO application?

Your IPO can be rejected owing to the following reasons –
Entering a wrong UPI PIN or ID while approving the mandate
Failing to ensure that your UPI ID, bank account and Demat account are linked with the same PAN
For instance, you use your Demat account to apply for this Aditya Birla Sun Life IPO and use your friend’s UPI ID for payment. In that case, your application can get rejected due to –
If your friend’s UPI ID and your PAN are not linked
If your friend’s bank account is not linked with your Demat account

What is the estimated time needed to block or unblock the funds required for an IPO subscription?

As soon as you approve the UPI mandate request, your funds for Aditya Birla Sun Life IPO will get blocked. Nonetheless, these funds will be unblocked in case you do not secure shares in an IPO allotment or if the UPI mandate expires. In case your funds are not unblocked even after these scenarios mentioned previously, contact your bank for clarification.

Can I modify my bids for the Aditya Birla Sun Life IPO after applying for it?

Yes, you can change the UPI ID and the lot size of your Aditya Birla Sun Life IPO even after placing your bid. However, bear in mind that it will count as a new bid once you approve the UPI mandate request and then modify your application. Hence, banks will block the required amount besides the actual bid. Moreover, you will also receive a fresh UPI mandate request for this new bid.

How to secure Aditya Birla Sun Life IPO allotment without fail?

There is no way to guarantee an IPO allotment, irrespective of the public offering you are going ahead with. In the event of an oversubscription, which is most likely to happen, shares are allotted via a lottery system. A point to note here is that the Angel One platform only allows you to apply for an IPO and does now guarantee any allotment.
Nevertheless, you can increase your chances of approval by following some tips –
Apply at the cut-off price
Use a Demat account linked with your PAN
Ensure that your bank account and UPI ID are linked through the same PAN, and failing to maintain that can lead to rejection. For instance, person X has applied for the Aditya Birla Sun Life IPO via his Demat Account but person Y’s UPI ID. In such cases, the application can get rejected due to –
Person X’s Demat account is not linked with Y’s bank account
Person Y’s UPI ID is not linked with X’s PAN

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