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Aditya Birla Sun Life AMC’s IPO received modest subscription of just 5.2 times with bids totalling Rs 10,374 crore. The institutional investor portion of the issue was subscribed 10.4 times, high networth individual (HNI) portion was subscribed 4.4 times and retail portion was subscribed 3.22 times. The price band for the IPO is Rs 695 to Rs 712 per share. At the upper band, the mutual fund house will be valued at Rs 20,500 crore.
The IPO will entirely be a secondary share sale by promoters Aditya Birla Capital (ABCL) and Sun Life AMC. The domestic partner sold 2.85 million
