 "Aditya Birla AMC IPO fully subscribed on strong retail interest")
Aditya Birla Sun Life AMC’s Rs 2,768-crore IPO has garnered full subscription a day before its close.
The retail portion of the issue has already been subscribed two times, high-networth individual portion was subscribed 40 per cent, institutional investor portion of the IPO was subscribed 6 per cent.
The IPO has seen close to a million applications so far, bankers said. Aditya Birla MF has allotted shares worth Rs 789 crore worth to anchor investors. The price band for the IPO is Rs 695 to Rs 712 per share.
At the upper band, the company is being valued at Rs 20,500 crore. In the IPO, Aditya Birla Capital is selling 2.85 million shares, while Canadian firm Sun Life is divesting 36 million shares.
The retail portion of the issue has already been subscribed two times, high-networth individual portion was subscribed 40 per cent, institutional investor portion of the IPO was subscribed 6 per cent.
The IPO has seen close to a million applications so far, bankers said. Aditya Birla MF has allotted shares worth Rs 789 crore worth to anchor investors. The price band for the IPO is Rs 695 to Rs 712 per share.
At the upper band, the company is being valued at Rs 20,500 crore. In the IPO, Aditya Birla Capital is selling 2.85 million shares, while Canadian firm Sun Life is divesting 36 million shares.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%