Here’s an update on share allotment, GMP, listing date, BFSI News, ET BFSI
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That said, bidders can now check their share allotment status on BSE’s website. Here’s the process:
> Go to https://www.bseindia.com/investors/appli_check.aspx
> Under the issue type, click on “Equity”
> In issue name, select “Aditya Birl Sun Life AMC Limited” in the dropbox
> Write the application number
> Add PAN ID card number
> Click on “I am not a robot”, and click on “search”
For those who could not get allotment in the IPO may see initialisation of refunds today, while others who will be allotted shares, can see the credit in their demand accounts by Friday.
The share allotment status can also be checked on the website of KFin Technologies Private Limited, the IPO’s registrar.
Also read: Aditya Birla Sun Life AMC IPO: Here’s a snapshot of what you need to know
Though the initial public offering of the AMC received a tepid response, subscribed 5.25 times during Sep 29-Oct 1, the trading premium in the grey market has increased a bit to Rs 30 from Rs 20 earlier, according to reports.
Its shares were trading at Rs 742 in the grey market, a 4.2 percent premium over the expected final issue price of Rs 712 per share, IPO Watch and IPO Central data showed.
The company’s IPO has received bids for more than 14.59 crore equity shares against IPO size of 2.77 crore equity shares, generating bids worth Rs 10,395 crore at upper price band Rs 712 per share.
The price band for IPO is Rs 695 to Rs 712 per share.
The AMC is the investment manager of Aditya Birla Sun Life Mutual Fund, and is a joint venture between Aditya Birla Group and Sun Life Financial Inc of Canada. The company is one of the largest non-bank affiliated AMCs in the country.
Aditya Birla Capital will sell 28.51 lakh equity shares as part of the OFS, while Sun Life (India) will sell up to 3.6 crore shares.
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