The total offer size comprises 28.51 lakh equity shares by Aditya Birla Capital and 3.6cr equity shares by Sun Life AMC. The AMC is a joint venture between Aditya Birla Group and Canada-based Sun Life Financial Inc.
As per the red herring prospectus, the IPO includes a reservation of up to 1,944,000 equity shares for purchase by individual and Hindu Undivided Family (‘HUF’) who are public shareholders of ABCL, (excluding depository receipt holders of ABCL and such other persons not eligible to invest in the IPO under applicable laws, rules, regulations and guidelines), as on the date of filing of RHP i.e. 22 September 2021.
The IPO has a price band of Rs695- Rs712 per equity share of the face value of Rs5 each.
The minimum bid lot for the IPO has been fixed at 20 equity shares of the face value of Rs5 each of ABSLAMC and applications may be made in multiples of 20 equity shares thereafter.
Overall, the IPO size is more than Rs2,768cr.
The IPO will open for subscription by Anchor Investors on 28 September 2021 and wiill be available for the public on 29 September 2021 and shall close on 1 October 2021.