Aditya Birla Sun Life AMC IPO GMP, Grey Market Premium Today

Aditya Birla Sun Life AMC IPO GMP, Grey Market Premium Today

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Incorporated in 1994, Aditya Birla Sun Life AMC is set up as a joint venture between ABCL and Sun Life AMC. The company managed a total AUM of Rs. 2,736.43 Bn under mutual fund (excluding domestic FoFs), portfolio management services, offshore and real estate offerings, as of December 31, 2020. The company managed 135 schemes comprising 35 equity, 93 debt, 2 liquid schemes, 5 ETFs, and 6 domestics FoFs as of December 31, 2020. The company’s Monthly average assets under management (MAAUM) from institutional investors was Rs. 1,412.43 Bn as of December 31, 2020, which was the fourth-largest among its peers, according to CRISIL.

Check 09 Oct Gray Market Price- Check

The Rs.2,768.26 crore offer for sale of Aditya Birla Sun Life AMC Ltd consisted entirely of an offer for sale. The issue had been priced in the band of Rs.695 to Rs.712 per share and the price has been discovered at Rs.712. The issue had closed for subscription on 01-Oct and the basis of allotment had been finalized on 06-Oct.

ABSLAMC IPO Status of Issue Application

Shareholders are expected to get their refunds on 07-Oct and their demat credits by 08-Oct and the stock is likely to list on Monday 11th October. Ahead of listing, one of the key parameters for evaluating the potential listing is the GMP or the grey market price.

Steps to check Aditya Birla AMC Allotment Status KFintech Private Limited

 word of caution here. The GMP is not an official price point, just a popular informal price point. However, in most cases, it has proved to be a good informal gauge of demand and supply for the IPO. Hence it does give a broad idea of how the listing is likely to be and how the post-listing performance would be.

While the GMP is just an informal approximation, it has been generally seen to be a good mirror of the real story. More than the actual price, it is the GMP trend over time that really gives the insights about the stock being upgraded or downgraded.

Aditya Birla AMC IPO GMP (Grey Market Premium) ₹30

The Aditya Birla AMC IPO GMP was ₹30 at the unlisted market. The shares were widely traded at this price in the unlisted market. Half of the Aditya Birla AMC IPO issue size is merely reserved for the QIBs. At the same time, the remaining 35% and 15% are for RIIs and NIIs.  

How to check the Aditya Birla AMC IPO Allotment Status?

It’s pretty easy to check the allotment status using the above two links- either BSE or KFintech. All you need to do is navigate to the official websites of BSE or KFintech and fill in the required details. Then, fill in the captcha and hit the submit button. It displays your allotment details on the digital screen.