Aditya Birla AMC IPO (initial public offering) will open for subscription on Wednesday, September 29 2021 and the three-day issue will conclude on October 1st 2021. The promoters of the company plan to raise Rs2,768.26 crore from this public issue through OFS (Offer for Sale). 

The initial share-sale's price band has been fixed at Rs695-712. According to market observers, Aditya Birla AMC IPO GMP (grey market premium) today is Rs30.

Here we list out important details in regard to Aditya Birla AMC IPO:

Aditya Birla AMC IPO GMP: As mentioned above ABSL AMC shares are trading at a premium of Rs30 in the grey market today. According to market observers, Aditya Birla AMC IPO GMP today is Rs18 down from its yesterdays evening's grey market premium of Rs48. They said that in one week, Aditya Birla AMC grey market premium rose from Rs30 to rs70 but just ahead of its subscription opening, it has come down to Rs30. They went on to add that much will depend upon the kind of response it gets from the investors when it opens for bidding on tomorrow.

Aditya Birla AMC IPO price band: The asset management company has fixed the issue price at Rs695 to Rs712 per equity share.

Aditya Birla AMC IPO size: The promoters of the company aim to raise Rs2,768.26 crore from this public issue through OFS (Offer for Sale).

Aditya Birla AMC IPO subscription date: The public issue will open for subscription on 29th September and it will remain open for bidding till 1st October 2021.

Aditya Birla AMC IPO lot size: A bidder will be able to apply for the public issue in lots and one lot will comprise 20 shares of Aditya Birla AMC. A bidder can apply for minimum one lot and maximum 14 lots.

Investment limit in Aditya Birla AMC IPO: As a bidder can apply for minimum one lot and maximum 14 lots, an investor can invest minimum Rs14,240 ( Rs712 x 20) and maximum Rs1,99,360 ( Rs712 x 20 x 14).

Issue type: Aditya Birla AMC IPO is a book build issue with face value of Rs5 per equity share.

Aditya Birla AMC IPO subscribe or not: Advising investors to subscribe Aditya Birla AMC IPO; Saurabh Joshi, Research Analyst at Marwadi Shares and Finance Limited said, "Considering the TTM adjusted EPS of Rs20.27 on the post-issue basis, the company is going to list at a P/E of 35.13 with a market cap of Rs2,05,056 mn while its peers namely HDFC AMC and Nippon Life are trading at a P/E of 49.99 and 38.61 respectively. We assign the subscribe rating to this IPO as the company is the largest non-bank affiliated asset manager in India with diverse product portfolio and geographically diversified pan-India distribution presence. Also, the company is available at a reasonable valuation as compared to its peers."