The company is a joint venture of Aditya Birla Capital Limited (ABCL) and Sun Life (India) AMC Investments Inc. ABSLMF is the 4th largest fund house in India. The company reported revenue of ₹1206 crores in 2021 against the revenues of ₹1235 crores in 2020. The profit was stood at ₹529 crores in 2021 against ₹494 crores in 2020.

As per CRISIL, they were the 4th biggest participant among the top 10 AMCs in terms of market share in individual AUM as of December 2020. ABSLMF is contributing to expanding mutual fund involvement in India, with a footprint in 300 areas throughout the nation.

The business is constantly working to make mutual funds more appealing to a broader range of investors and advisors in India. Smart solutions, user-friendly services, and conveniences that enhance mutual fund operations with digitization for both investors and business partners are all ahead of this initiative. ABSLMF offers industry-specific equity schemes, fund of fund schemes, hybrid and periodic income funds, debt and treasury options, and offshore funds, among other services.

Company Financials:

Objects of the Issue:

The net proceed from the IPO will be utilized towards the following purposes;
Achieve the benefits of listing the Equity Shares on the Stock Exchanges; and
Carry out the Offer for Sale of up to 38,880,000 Equity Shares by the Selling Shareholders.

Aditya Birla Sun Life AMC IPO Details

Aditya Birla Sun Life AMC IPO Tentative Timetable

The Aditya Birla Sun Life AMC IPO open date is Sep 29, 2021, and the close date is Oct 1, 2021. The issue may list on Oct 11, 2021.

Aditya Birla Sun Life AMC IPO Lot Size

The Aditya Birla Sun Life AMC IPO market lot size is 20 shares. A retail-individual investor can apply for up to 14 lots (280 shares or ₹199,360).

Aditya Birla Sun Life AMC IPO Promoter Holding

Pre-Issue Share Holding - 100%
Post-Issue Share Holding - 86.50%

How to apply for IPO?

1. ASBA - All you have to do is, know if your demat is with NSDL or CDSL. Make a note of your Demat ID/DP ID/BO ID - 16 digit number from your broker terminal. Once you have these 2 information, go ahead and apply from your internet banking. One advantage in this process is that, once you submit the application, process ends there and amount gets blocked. While in UPI, you need to get mandate from your bank and need to authorize on time. Many parties are involved in UPI process (Bank, broker, 3rd party UPI app provider etc) and there are chances of delayed UPI mandates. This is a recent process and will take time to settle. Till then, it is better to apply from net banking, but ensure you enter correct 16 digit DP ID.

List of banks that support ASBA.

2. UPI - Visit your broker terminal, select the IPO, enter UPI ID and other bid details to submit the application. Wait for mandate to arrive on UPI app. Approve the mandate to block the amount.

Refer to this video to apply for IPO using UPI at Zerodha.