Aditya Birla Sun Life AMC IPO subscribed 56% on Day-1

A day earlier, the asset manager had allotted shares worth Rs 789 crore to anchor investors at Rs 712 apiece

Mfg, digitisation, realty to drive returns next 3-5 years: Aditya Birla AMC

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BS Reporter Mumbai

1 min read Last Updated : Sep 30 2021 | 12:02 AM IST

Aditya Birla Sun Life AMC IPO was subscribed 56 per cent on Wednesday, the first day of the issue. A day earlier, the asset manager had allotted shares worth Rs 789 crore to anchor investors at Rs 712 apiece.

The price band for the IPO is Rs 695 to Rs 712 per share. At the upper band, the issue size would be Rs 2,768 crore and valuation works out to Rs 20,500 crore.

The IPO is entirely a secondary share sale by promoters Aditya Birla Capital (ABCL) and Sun Life AMC. The domestic partner is selling 2.85 million

Topics : IPO Aditya Birla Sun Life AMC

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