Aditya Birla AMC IPO May See Marginal Listing Gains

Aditya Birla Sunlife AMC makes a week listing, debuting at just Rs. 3 premium at Rs. 715 against the issue price of Rs. 715 per share on the NSE.

After the best listing of the last debuted defence stock, Paras Defence IPO, all eyes will be on the listing of Aditya Birla AMC which is to list today (October 11, 2021). Nonetheless, what warrants healthy listing of a stock with a good premium is the stock fundamentals, subscription interest it garnered as well as the market momentum at the time of listing the scrip.

The IPO of the AMC company opened on September 29, was subscribed 5.25 times on the closing day of the subscription. The Rs 2,768.25-crore initial share sale received bids for 14,59,97,120 shares against 2,77,99,200 shares on offer.

The offer had a fresh issue of up to Rs 440 crore and an offer for sale of up to 15,53,33,330 equity shares. The company’s IPO was placed in a price range of Rs 86-90 per share.

Expectations around listing of Aditya Birla IPO listing

Experts recommended the buy or subscribe rating to the issue to long term investors and short term investor were asked to give it a miss, given only marginal gains expected from the issue.

Take on the company/ IPO as put by experts

4th largest AMC with strong management and fund management skills and producing consistent gains

Cash rich company with good cash flows

As for the negatives are concerned, valuations were on a higher side by 8-10 percent