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ABSL AMC IPO

Aditya Birla Sun Life AMC Ltd.

₹13,900 /20 sharesMinimum Investment

ABSL AMC IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
29 Sep ‘21 - 1 Oct ‘21₹13,90020₹695 - ₹712
Issue SizeIPO Doc
2768.00Cr
RHP PDF

Subscription Status As on 01 Oct '21, 7:00 PM

  • Retail Individual Investor
    3.24x
  • Non-Institutional Investor
    4.39x
  • Qualified Institutional Buyers
    10.36x

About ABSL AMC

Aditya Birla Sun Life Asset Management Company (ABSL AMC) was established in 1994. It is a joint venture between Aditya
Founded
1994
Managing Director
A Balasubramanian
Aditya Birla Sun Life AMC IPO review - Upcoming IPO 2021 | Business, financials, IPO details

Strengths & Risks

  • As of December 31, 2020, the company had a network of over 64,500 local mutual fund distributors, over 240 national distributors and over 100 banks.
  • As of December 31, 2020, ABSL AMC had 135 schemes. This includes 35 equity mutual funds, 93 debt funds (including 75 fixed-maturity schemes), 2 liquid schemes and 5 ETFs.
  • Customers include individuals and institutions.
  • Automated and digitized operations for customer application process, online transactions, fund management, customer service, video facility for KYC process among others.
  • As of December 31, 2020, ABSL AMC was the fourth-largest player in terms of market share in individual monthly average AUM.
  • ABSL AMC offers a range of systematic transaction options like SIPS, STPs and SWPs.
  • Company's revenue is dependent on the AUM of the mutual fund schemes.
  • Volatility in stock markets could cause investors to reduce their investments in such funds and eventually reduce the company's AUM.
  • Unfavourable interest rates, defaults and credit risk to the debt portfolio of funds may expose funds to losses
  • Unfavourable investment opportunities and economic conditions will hamper AUM growth
  • Heavy dependence on financial literacy of investors
  • Dependent on third-party distribution channels for distribution of mutual funds
  • Subject to extensive regulation, including periodic inspections by SEBI
  • Mutual fund business in India depends a lot on a favourable tax regime.
  • Employee fraud or misconduct could harm reputation
  • Does not own branch offices, registered office and corporate office. Failure to renew the lease could affect operations
  • Ability to pay dividends depends on future earnings

Financials

*All values are in Rs. Cr
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