Aditya Birla Sun Life AMC IPO Note

Aditya Birla Sun Life AMC Ltd, is the fourth largest asset management company in India in terms of assets under management (AUM) and the largest non-bank mutual fund. It has total assets under management of Rs.275,454 crore as of the end of June quarter. More than 50% of its AUM comes from institutional customers, which is one of the reasons why the AMC is very strong in terms of non-equity AUM.

Aditya Birla Sun Life AMC Ltd currently offers a total of 135 mutual fund schemes consisting of 35 equity schemes, 93 debt schemes, 2 liquid schemes and 5 ETFs. In addition, it also offers 5 domestic fund of funds (FOF). Apart from a strong customer base and aggressive agent network, Aditya Birla Sun Life AMC Ltd also has the advantage of the Birla brand name, which has been in existence in India for over 100 years.

Below are the terms which you should know about Aditya Birla Sun Life AMC IPO:

Key terms of the IPO issue of Aditya Birla Sun Life AMC Ltd
 

_{Data Source: IPO Filings}

Here are some of the key merits of the Aditya Birla Sun Life AMC business model

i) Trusted brand with over 100 years of brand existence.

ii) Largest non-bank mutual fund in India in terms of AUM.

iii) Good mix of retail and institutional clients as well as equity and debt schemes.

iv) Strong network of brick-and-click with 66,000 MFD and 240 national distributors.

v) Quarterly AUM grew at 14.55% CAGR between 2016 and 2021.
 

Also Check:  Aditya Birla Sun Life AMC IPO : 7 Things to Know About
 

How is the IPO being structured?

Currently, Aditya Birla Sun Life AMC Ltd is 51% owned by Aditya Birla Capital and 48% by Sun Life PLC. The entire issue of 388.80 lakh shares (including 28.51 lakh shares by Aditya Birla Capital and 360.29 lakh share by Sun Life AMC) will be an offer for sale in which both the promoters viz. Aditya Birla Capital and Sun Life AMC will offer shares in the OFS. Here is how the shareholding will look like before and after the IPO.