Aditya Sun Life AMC offer price fixed at Rs712cr taking IPO size to Rs2,768.26cr

Aditya Birla Capital announced that Rs712 per equity share has been finalised as the offer price for the Initial Public Offering of Aditya Birla Sun Life AMC Limited (ABSLAMC). That said, the size of the public offer amounts to Rs2,768.26cr.

In the company’s regulatory filing, it was said that ABSLAMC, Aditya Birla Capital and Sun Life (India) AMC Investments Inc. (Sun Life AMC), in consultation with Global Coordinators and Book Running Lead Managers to the Initial Public Offering (IPO) of ABSLAMC, have finalised the Offer Price (including the Anchor Investor Offer Price) at Rs712 per equity share of Rs5 each of ABSLAMC.

Accordingly, Aditya Birla Capital stated that the size of IPO aggregates to Rs2,768.26cr, comprising an Offer for Sale of 2,850,880 Equity Shares by ABCL aggregating to Rs202.98cr and 36,029,120 Equity Shares by Sun Life AMC aggregating to Rs2,565.27cr subject to finalization of basis of allotment.

The IPO was launched on September 29 to October 01, 2021. The IPO has a price band of Rs695- Rs712 per equity share of the face value of Rs5 each.

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( With inputs from indiainfoline)