Aditya Birla Sun Life AMC Ltd IPO Message Board (Page 20)

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Aditya Birla Sun Life AMC to distribute 40-50% of net profit as dividend in future

https://www.moneycontrol.com/news/business/earnings/aditya-birla-sun-life-amc-to-distribute-40-50-of-net-profit-as-dividend-in-future-7524371.html

Shareholders, where ya at? Just 30% on opening day.

When we talk about the subscription, it is also to notice the size of the issue and fancy of the issue, this issue is not so badly subscribed. There is no great premium like Paras. Still it is subscribed more than one time. The size of this issue is more than 16 times of Paras. Still people are there who apply, even after bad reports. In this forum people are talking about AMC listing. In these circumstances it seems to skip this issue and wait for listing. Even AB Capital is not going good. I think many people of this forum might have applied already. Market is very volatile. If it is down by 2-3k, think of the listing day of this issue. Apply according to risk appetite. There are good and bad news every working day.

To apply for the IPO in Shareholders'' category, do I need to mention any details related to my existing stocks of ABCL?
Also if I have my ABCL stocks in DematAcc1 (on my name), can I apply from DematAcc2 (this too on my name)?

Only pan number matter ....no matter where n which dp your shares are...it seems

If one applies in Shareholders'' category for amount >2L, will it be considered a separate HNI/NII category or will it go to same HNI/NII Category?

Why people are not talking about GMP? Or there is NO GMP or negative. Poor subscription is showing this?

GMP started with 100/ few days back has come down to 35/ ad per IPO watch website. Means not even 5% so unless pick up in next twodaysv ABSL can list 5% +/-

Planning to skip this one, fed up of applying and not getting in any good ipos and Got few that listed in discount. Also wrapped secondary market shares in last few sessions except few stocks. Going to be choosy in next few months. ( Fed and china ki talwar latki padi hai, kon kab katega pata nahi.)

Hello Chittorgarh family, I have quick question.

Can I apply thorugh both the categories one application with individual and second with share holder quota ?

Thanks

@InvestWithKrishna @Chem cho Thank you so much for clearing my doubt, I should read the whole page first before posting anything. will make sure that in future.

Mehul,
One application per PAN is applicable for general category (HNI & Retail). In case of ABCL shareholders category one PAN two application (Shareholders + retail) is eligible. Please check the email from ABCL, they have clearly written in that email regarding this. You can g et allotment in both the categories.

After so many IPOs, first day RII subscription is lesser than 1x. I guess first time they are feeling the heat of Volatility.

Will list in discount just like.Uti.Amc

Dear aniketiaf
You view sir

Dear aniketiaf,

Your view much awaited for this ipo.

Thanks and regards.

Capital Market rating 50/100
Worth applying .

👍👍👍

IRFC IPO, their (capital market) rating was 53

We are bullish in Hdfc AMC , NAM , UTI AMC , and hold this stocks
in fact we did not apply in UTI AMC but brought it at RS 500 -510
As per Aditya Birla Sun Life is also a long term story
Those who are investing in Mutual Funds should hold these stocks atleast one lot
Tatas BIrlas Ambani and nowAdani,Damani are wealth creators to name few
their stocks are dowing well ,
However Nifty and BSE is all high , so consult yours finacial l advisor
while applying in Aditya Birla IPO
My Critics are welcome

I can understand your fear

Some groups are not investors friendly as they are not actively participate on market instead leaves it to market (no operators)
Like gls recently

For reference on UTI
Kindly refer 1-100 posts of uti page in this site ,you may get answers

@harit

Sir Market is falling

Please provide "DUMPING" strategy

SBI UPI me kisi ka unblock hua?

I have applied on ICICI direct via offline more, but not getting UPI mandate why? PAN verification shows successful.

On many parameters this appears similar to Nippon AMC. But pricing is aggressive and chances on correction on listing. I am staying away. No need to apply each and every IPO.

I am saved luckily

Ranked 4th among peers.
Financials are unimpressive.
Nothing left for investors.
Markets are in correction mode.

11 merchant not a guarantee for listing over 50....paras has less merchant

4th among top does it means there were only 4 players in Race.🙏🙏 Just a Joke but company is unimpressive.

Aditya Birla Sun Life AMC - For those who care beyond the GMP (based on FY21 consolidated financials & post-money (top end of the price band)):

Tax Adj. RoCE (%): 29.4%
RoE (%): 29.2%

EV / Revenue (X): 15.6x
EV / EBITDA (X): 25.7x
P / E (X): 39.0x

For comparison, current FY21 P/E of peers is 48.4x for HDFC AMC, 38.0x for Nippon AMC and 24.9x for UTI AMC.

With a fundraise of INR 27.7 bn, this is amongst the larger issues to come to the market and hence any subscription data needs to be viewed in context of the size. Also, I wouldn''t worry that it is a pure OFS or secondary since such businesses are ATM machines and instead I would have worried if they were raising cash in the business as primary.

It''s a great company and priced to perfection. As stock market investors we all are believers of the equity story of India and hence if one doesn''t have any AMC stock in their portfolio then one could apply for this IPO to have some portfolio exposure but otherwise there isn''t any listing excitement expected. Only chance of listing excitement is if investors decide to price this similar to HDFC AMC in which case it could give a 20% premium upon listing. I also don''t expect it to go much below IPO price unless there is a steep correction in the market. All in all, one could apply and forget about it and revisit the stock after a few years. Keep minting!

Due to block sale by foreign partner in HDFC AMC, the stock is down over 5% today and thus, for now, the arbitrage between HDFC and Aditya Birla is further reduced.

YES TRUE Arbitrage HDFC AMC and Aditya Birla is reduced ,
I have already sold some shares HDFCAMC @ Rs 3345 -3355
To switch my investment

Aditya Birla Sun Life AMC IPO – Schedule *(Final – Pg #320 of RHP)*

24th Sept – Announcement of Price Band
28th Sept – Anchor Investors Allotment
29th Sept – Offer Opens
01st Oct – Offer Closes
06th Oct – Finalisation of Basis of Allotment
07th Oct – Unblocking of ASBA Accounts
08th Oct – Credit of Equity Shares to Depository Accounts
11th Oct – Commencement of Trading


Aditya Birla Sun Life AMC IPO – Issue Information *(Final)*

Issue Opens on: 29 September 2021
Issue Closes on: 01 October 2021
Issue Type: Book Built Issue IPO
Issue Size: 3,88,80,000 Shares
Face Value: Rs.5/- per Share
Issue Price: Rs.695 – Rs.712 Share
Discount: NIL
Market Lot: 20 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 28,80,00,000 Shares
Fresh Issue of NIL Shares @712/- = Rs. NIL Crs
Offer for Sale of 3,88,80,000 Shares @712/- = Rs.2,768.26Crs
Equity Shares outstanding after the Issue = 28,80,00,000 Shares

Category-wise Break up:
Anchor – 1,10,80,800 Shares = 788.95Crs
QIB – 73,87,200 Shares = 525.97Crs
NII – 55,40,400 Shares = 394.48Crs
RII – 1,29,27,600 Shares = 920.45Crs (Lot size: 20 = 6,46,380 Forms)
Sh.holders – 19,44,000 Shares = 138.41Crs.
Total Issue – 3,88,80,000 Shares = 2,768.26Crs.

Subscription required for 1X
RII = 6,46,380 Forms
NII = 394.48 Crs


Aditya Birla Sun Life AMC IPO – Financial Information (Basis of Valuation)

The information is collated from the following documents:
1) RHP = Red Herring Prospectus Dated September 22, 2021 (397 pages)

EPS for FY18-19 >>> Rs 15.51 (Page #81 of RHP)
EPS for FY19-20 >>> Rs.17.17 (Page #81 of RHP)
EPS for FY20-21 >>> Rs.18.27 (Page #81 of RHP)
EPS for Q121-22 >>> Rs.05.38 (Page #81 of RHP)

RoNW for FY18-19 >>> 36.61% (Page #82 of RHP)
RoNW for FY19-20 >>> 37.54% (Page #82 of RHP)
RoNW for FY20-21 >>> 30.87% (Page #82 of RHP)
RoNW for Q121-22 >>> 08.60% (Page #82 of RHP)

NAV as on June 30, 2021 was Rs.62.57 (Page #82 of RHP)

Listed Industry Peer Group (Page #83 of RHP): HDFC AMC, Nippon Life India AMC, UTI AMC



Aditya Birla Sun Life AMC IPO – *Market’s Current Estimates of oversubscription*:

NII = 40KCrs. = ~101.40X
RII = 30L Forms = 4.64X Applic. wise (Avg allotment of ~4.31 shares per lot)

Interest cost *@7.00%p.a.* for 7days = *95.58paise for 1X*

Thus, for NII the costing = 101.40 X 95.58 paise = Rs.96.92 per share (= GMP)

And, for RII the costing = 96.92 X 4.31 = Rs.418/- (= Kostak)


Aditya Birla Sun Life AMC IPO – *GMP Estimated*

GMP 100 +/- 2
Kostak 430 +/- 10
Subject 2 @1,700/-

5 time

Please update your estimates of today.