Aditya Birla Sun Life AMC Limited raises Rs. 788.95 crores from 50 anchor investors

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  • Aditya Birla Sun Life AMC Limited allocates  equity shares at the upper price band of Rs. 712 per share with face value of Rs. 5 per equity share
  • Non-anchor offer to open on Wednesday, September 29, 2021 to Friday, October 01, 2021

Aditya Birla Sun Life AMC Limited (“Company”), ranked as the largest non-bank affiliated AMC in India by QAAUM since March 31, 2018 and is amongst the four largest AMCs in India by QAAUM since September 2011, has allocated 11,080,800 equity shares to 50 anchor investor and raised Rs. 788.95 crores ahead of the company’s proposed IPO at the upper band of Rs. 712 per share (including share premium of Rs. 707 per Equity Share) with face value of Rs. 5 per equity share.

The anchor allocation as follows:

S. No.Name of Anchor InvestorNo. of Equity Shares allocatedPercentage of the Anchor Investor Portion (%)Total Amount Allocated (₹)
1ICICI PRUDENTIAL MIDCAP FUND2,80,7802.53199,915,360
2ICICI PRUDENTIAL ESG FUND2,80,7802.53199,915,360
3ICICI PRUDENTIAL LONG TERM EQUITY FUND TAX SAVINGS2,80,7602.53199,901,120
4ICICI PRUDENTIAL DIVIDEND YIELD EQUITY FUND2,80,7602.53199,901,120
5ICICI PRUDENTIAL BANKING AND FINANCIAL SERVICES FUND2,80,7602.53199,901,120
6HDFC MUTUAL FUND- HDFC BANKING AND FINANCIAL SERVICES FUND259,3002.34184,621,600
7HDFC TRUSTEE COMPANY LTD A/C HDFC BALANCE ADVANTAGE FUND864,2807.80615,367,360
8SBI MAGNUM MIDCAP FUND407,3003.68289,997,600
9SBI BANKING & FINANCIAL SERVICES FUND421,3403.80299,994,080
10SBI LONG TERM ADVANTAGE FUND-SERIES IV98,3200.8970,003,840
11SBI MAGNUM CHILDREN’S BENEFIT FUND14,0400.139,996,480
12SBI MAGNUM CHILDREN’S BENEFIT FUND – INVESTMENT PLAN182,5801.65129,996,960
13HSBC GLOBAL INVESTMENT FUNDS- ASIA EX JAPAN EQUITY808,8207.30575,879,840
14INTERNATIONAL MONETARY FUND (IN RESPECT OF THE INTERNATIONAL MONETARY FUND STAFF RETIREMENT PLAN)226,1402.04161,011,680
15AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS GROWTH OPPORTUNITIES FUND245,7802.22174,995,360
16AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS SMALL CAP FUND245,7802.22174,995,360
17AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS MIDCAP FUND245,7802.22174,995,360
18AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS TRIPLE ADVANTAGE FUND154,4801.39109,989,760
19AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS CHILDREN GIFT FUND77,2600.7055,009,120
20AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS REGULAR SAVER FUND14,0600.1310,010,720
S. No.Name of Anchor InvestorNo. of Equity Shares allocatedPercentage of the Anchor Investor Portion (%)Total Amount Allocated (₹)
21SBI LIFE INSURNACE CO.LTD983,1408.87699,995,680
22ABU DHABI INVESTMENT AUTHORIY MERLION912,9208.24649,999,040
23HDFC LIFE INSURANCE COMPANY LIMITED861,0807.77613,088,960
24INVESCO INDIA CONTRA FUND280,8802.53199,986,560
25AMUNDI FUNDS SBI FM INDIA EQUITY210,6601.90149,989,920
26ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED210,6601.90149,989,920
27UTI-DIVIDEND YIELD FUND38,5200.3527,426,240
28UTI-MIDCAP FUND77,0800.7054,880,960
29UTI-CORE EQUITY FUND25,7000.2318,298,400
30UTI-HYBRID EQUITY FUND25,7000.2318,298,400
31UTI-RETIREMENT BENEFIT PENSION FUND12,8400.129,142,080
32UTI- BANKING AND FINANCIAL SERVICES FUND30,8200.2821,943,840
33TATA AIG GENERAL INSURANCE COMPANY LIMITED210,6601.90149,989,920
34KOTAK INDIA EQ CONTRA FUND28,0800.2519,992,960
35KOTAK TAX SAVER SCHEME28,0800.2519,992,960
36KOTAK EMERGING EQUITY SCHEME28,1000.2520,007,200
37KOTAK EQUITY SAVINGS FUND28,1000.2520,007,200
38KOTAK BALANCE ADVANTAGE FUND28,1000.2520,007,200
39IIFL SPECIAL OPPORTUNITIES FUND SERIES 7140,4601.27100,007,520
40ABAKKUS GROWTH FUND-1140,4601.27100,007,520
41MAX LIFE INSURANCE COMPANY LIMITED140,4601.27100,007,520
42RELIANCE GENERAL INSURANCE COMPANY LIMITED140,4601.27100,007,520
43MORGAN STANLEY ASIA (SINGAPORE) PTE. -ODI309,0002.79220,008,000
44EDELWEISS TOKIO LIFE INSURANCE CO. LTD. EQUITY TOP 250 FUND35,1400.3225,019,680
45EDELWEISS TOKIO LIFE INSURANCE COMPANY LIMITED –EQUITY MIDCAP FUND –SFIN ULIF001107/10/16ETLIMIDCAP14735,1000.3224,991,200
46EDELWEISS TRUSTEESHIP CO. LTD. AC-EDELWEISS MF AC- EDELWEISS RECENTLY LISTED IPO FUND70,2400.6350,010,800
47TARA EMERGING ASIA LIQUID FUND70,2400.6350,010,800
48BNP PARIBHAS ARBITRAGE-ODI98,3000.8969,989,600
49SOCIETE GENERALE-ODI140,4801.27100,021,760
50BNP PARIBAS ARBITRAGE70,2400.6350,010,880
TOTAL11,080,800100.007,889,529,600

Out of the total allocation 11,080,800 Equity Shares to the Anchor Investors, 53,36,380 Equity Shares (i.e. 48.16% of the total allocation to Anchor Investors) were allocated to 8 domestic mutual funds through a total of 31 schemes raising Rs. 379.95 crores of the total fund raised amounting to Rs. 788.95 crores from 50 anchor investors.

The Initial Public Offerings comprises of offer of sales of up to 2,850,880 Equity Shares by Aditya Birla Capital Limited and up to 36,029,120 equity shares by Sun Life (India) AMC Investments Inc. (The “Selling Shareholders” and The “Offer Shares”). The face value of equity shares is Rs. 5 each.

Kotak Mahindra Capital Company Limited, BofA Securities India Limited, Citigroup Global Markets India Private Limited are the Global Coordinator and Book Running Lead Managers and Axis Capital Limited, HDFC Bank Limited and ICICI Securities Limited, IIFL Securities Limited, JM Financial Limited, Motilal Oswal Investment Advisors Limited, SBI Capital Markets Limited and Yes Securities (India) Limited are the Book Running Lead Managers to the issue.

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