No image 5paisa Research Team 13th December 2022

Aditya Birla Sun Life AMC IPO Lists at a Premium of Rs.3

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Aditya Birla Sun Life AMC had a rather tepid listing on 11th October as it listed at a premium of Rs.3, but soon slipped into a discount and closed the day at a discount to the issue price. The stock closed the day, below the listing price as well as the IPO price. With overall subscription of 5.25X and GMP ranging from 4-5%, the listing was expected to be tepid. Here is the Aditya Birla Sun Life AMC listing story on 11th October.

The IPO price was fixed at the upper end of the band at Rs.712 after the 5.25X subscription. The price band for the IPO was Rs.695 to Rs.712. On 11th Oct, the stock of Aditya Birla Sun Life AMC listed on the NSE at a price of Rs.715, just Rs.3 above the issue price of Rs.712. On the BSE, the stock listed exactly at the issue price of Rs.712.

On the NSE, Aditya Birla Sun Life AMC closed on 11-Oct at a price of Rs.698, a first day closing discount of -1.97% on the issue price. On the BSE, the stock closed at Rs.699.65, a first day closing discount of -1.73% on the issue price. On both the exchanges, the stock of ABSLAMC failed to hold on to the listing price and slipped into a discount to issue price.

Check -  Aditya Birla Sun Life AMC IPO

On Day-1 of listing, Aditya Birla Sun Life AMC touched a high of Rs.722.90 on the NSE and a low of Rs.695.35. It closed exactly nearer to the low price of the day. On Day-1 of listing, the Aditya Birla Sun Life AMC stock traded a total of 78.77 lakh shares on NSE amounting to value of Rs.557.81 crore. The stock did not feature in the top 20 list on the NSE, either based on total volumes trade or in terms of total value traded on the first day.

On the BSE, Aditya Birla Sun Life AMC touched a high of Rs.721 and a low of Rs.696. On BSE, the stock traded a total of 6.80 lakh shares amounting to value of Rs.48.11 crore. Like on the NSE, even the volumes on the BSE were relatively lower than many of the previously listed IPOs in the last couple of months and did not feature among the most active stocks.

At the close of Day-1 of listing, Aditya Birla Sun Life AMC had a market capitalization of Rs.20,150 crore with free-float market cap of Rs.2,015 crore.

Also Read:-

1) Aditya Birla Sun Life AMC IPO : 7 Things to Know About

2) Upcoming IPOs in 2021

3) List of Upcoming IPOs in October 2021

4) Grey Market Premium of Aditya Birla Sun Life AMC Ltd IPO

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