Aditya Birla Sun Life AMC IPO Basis of Allotment

Our Company has filed the Prospectus with the RoC and the Equity Shares are proposed to be listed on the National Stock Exchange of India Limited ("NSE") and BSE Limited ("BSE") and the trading will commence on October 11, 2021.

INITIAL PUBLIC OFFER OF 38,880,000 EQUITY SHARES OF FACE VALUE OF Rs. 5 EACH ("EQUITY SHARES") OF ADITYA BIRLA SUN LIFE AMC LIMITED ("COMPANY") FOR CASH AT A PRICE OF Rs. 712 PER EQUITY SHARE ("OFFER PRICE") AGGREGATING TO Rs. 27,682.56 MILLION (THE "OFFER") THROUGH AN OFFER FOR SALE OF 2,850,880 EQUITY SHARES AGGREGATING TO RS. 2,029.83 MILLION BY ADITYA BIRLA CAPITAL LIMITED ("ABCL") AND 36,029,120 EQUITY SHARES AGGREGATING TO Rs. 25,652.73 MILLION BY SUN LIFE (INDIA) AMC INVESTMENTS INC. ("SUN LIFE AMC" TOGETHER WITH ABCL, THE "SELLING SHAREHOLDERS" AND SUCH EQUITY SHARES OFFERED BY THE SELLING SHAREHOLDERS, THE "OFFERED SHARES").

THE OFFER INCLUDES A RESERVATION OF 1,944,000 EQUITY SHARES, FOR SUBSCRIPTION BY ABCL SHAREHOLDERS (THE "ABCL SHAREHOLDERS RESERVATION PORTION"). THE OFFER LESS THE ABCL SHAREHOLDERS RESERVATION PORTION IS HEREINAFTER REFERRED TO AS THE "NET OFFER", AGGREGATING TO 36,936,000 EQUITY SHARES. THE OFFER AND THE NET OFFER SHALL CONSTITUTE 13.50% AND 12.83% OF THE POST-OFFER PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY, RESPECTIVELY.

The Offer was made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended ("SCRR") read with Regulation 31 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended ("SEBI ICDR Regulations") The Offer was made in accordance with Regulation 6(1) of the SEBI ICDR Regulations and through a Book Building Process wherein not more than 50% of the Net Offer was made available for allocation on a proportionate basis to Qualified Institutional Buyers (QIBs), and such portion, the "QIB Portion"). Our Company and the Selling Shareholders, in consultation with the Global Coordinators and Book Running Lead Managers and the Book Running Lead Managers, allocated 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations ("Anchor Investor Portion"), out of which at least one-third was made available for allocation to domestic Mutual Funds only, subject to valid Bids having been received from the domestic Mutual Funds at or above the Anchor Investor Allocation Price. Further, 5% of the Net QIB Portion was made available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion was made available for allocation on a proportionate basis to all QIB Bidders other than Anchor Investors, including Mutual Funds, subject to valid Bids having been received at or above the Offer Price Further, not less than 15% of the Net Offer was made available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Net Offer was made available for allocation to Retail Individual Bidders ("RIBs") in accordance with SEBI ICDR Regulations, subject to valid Bids having been received at or above the Offer Price. All potential Bidders, other than Anchor Investors, were required to mandatory utilise the Application Supported by Blocked Amount ("ASBA") process by providing details of their respective bank account (including UPI ID (defined hereinafter) in case of RIBs) which was blocked by the SCSBs, to participate in the Offer Anchor Investors were not permitted to participate in the Anchor Investor Portion through the ASBA process. For details, see ‘Offer Procedure' beginning on page 326 of the Prospectus.

The bidding for Anchor Investor opened and closed on September 28, 2021. The company received 50 applications from 26 anchor investors for 11,403,840 equity shares. The Anchor investor price was finalized at Rs. 712 per Equity Share. A total of 11,080,800 Equity Shares were allocated under the Anchor Investor Portion aggregating to Rs. 7,889,529,600.

The Offer received 1,195,305 applications for 140,813,000 Equity Shares (poor to technical rejections) resulting in 3.62 times subscription. The details of the applications received in the Offer from various categories are as under: (before technical rejections):

Final Demand

A summary of the final demand as per BSE and NSE as on the Bid/ Offer Closing Date at different bid prices is as under:

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being NSE on October 6, 2021.

A. Allotment to Retail Individual Bidders (after technical rejections) (including ASBA Applications)

The Basis of Allotment to the Retail Individual Bidders, who have bid at the Cut-Off Price or at the Offer Price of Rs. 712 per Equity Share, was finalized in consultation with the NSE. This category has been subscribed to the extent of 2.35928 times. The total number of Equity Shares Allotted in Retail Portion is 12,927,600 Equity Shares to 646,360 successful Retail Individual Bidder. The category-wise details of the Basis of Allotment are as under

B. Allotment to Non-Institutional Bidders (After Technical Rejections)

The Basis of Allotment to the Non-Institutional Bidders, who have bid at the Offer Price of Rs. 712 per Equity Share or above, was finalized in consultation with the NSE. The Non-Institutional Portion has been subscribed to the extent of 2.69037 times. The total number of Equity Shares Allotted in this category is 5,540,400 Equity Shares to 2,736 successful Non- Institutional Bidder. The category-wise details of the Basis of Allotment are as under: (Sample)

Please Note : 1 additional Equity Share shall be allotted to Categories 300,360,400, 500,720,900,1000,2100 in the ratio of 207:407,21:26, 83:123,92:109,18:29,12:23,87:125,6:11

C. Allotment to ABCL Shareholder (After Technical Rejections)

The Basis of Allotment to the ABCL Shareholders, who have bid at the Offer Price of Rs 712 per Equity Share or above, was finalized in consultation with the NSE. The ABCL Shareholders reservation portion has been subscribed to the extent of 3.15722 times The total number of Equity Shares Allotted in this category is 1,944,000 Equity Shares to 31,181 successful ABCL Shareholders. The category-wise details of the Basis of Allotment are as under: (Sample)

Please Note : 1 additional Equity Share shall be allotted to Categories 80,100,140,160, 200,220,260,280,500 in the ratio of 19:56, 33:49, 12:35,139:205,35:101,37:54,7:20,85:124,27:52

D. Allotment to QIBs (Net QIB Portion)

Allotment to QIBs. wtio have Bid at the Offer Price of Rs 712 per Equity Share or above. has been done on a proportionate basis in consultation with the NSE. This category has been subscribed to the extent of 10.29501 times of Net QIB Portion As per the SEBIICDR Regulations, Mutual Funds were Allotted 5% of the Equity Shares of Net QIB Portion available i.e., 369,360 Equity Shares and other QIBs and unsubscribed demand of Mutual Funds were Allotted the remaining available Equity Shares i.e., 7,017,840 Equity Shares on a proportionate basis. The total number of Equity Shares Allotted in the Net QIB Portion is 7,387.200 Equity Shares, which were allotted to 70 successful QIB Bidders. The category-wise details of the Basis of Allotment are as under:

E. Allotment to Anchor Investors

The Company and the Selling Shareholders, in consultation with the BRLMs. have allocated 11.080.800 Equity Shares to 26 Anchor Investors (through 50 Applications) at the Anchor Investor Offer Price of f. 712 per Equity Share in accordance with the SEBI Regulations. This represents 60% of the QIB Portion

The IPO Committee of our Company on October 6, 2021, has taken on record the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange, being NSE and has subsequently, on October 7, 2021, allotted the Equity Shares to various successful Bidders. The Allotment Advice-cum-lntimations and/ or notices will be dispatched to the address of the investors as registered with the depositories. Further, the instructions to the Self Certified Syndicate Banks for unblocking of funds, transfer to Public Offer Account have been issued on October 6, 2021 and payment to non-Syndicate brokers have been issued on October 7, 2021. In case the same is not received within ten days, investors may contact the Registrar to the Offer at the address given below The Equity Shares Allotted to the successful Allottees have been uploaded on October 7, 2021 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned The Company has filed the Listing application with NSE and BSE on October 8, 2021. The Company has received listing and trading approval from NSE and BSE and the trading will commence on October 11, 2021.

All capitalised terms used and not specifically defined herein shall have the same meaning as ascribed to them in the Prospectus.

INVESTORS PLEASE NOTE

The details of the allotment made will be hosted on the website of the Registrar to the Offer. KFin Technologies Private Limited at www.kfintech.com All future correspondence in this regard may kindly be addressed to the Registrar to the Offer quoting full name of the first/ sole Bidder, Bid cum Application Form number. Bidder DP ID, Client ID, PAN, date of submission of Bid cum Application Form, address of the Bidder, number of Equity Shares applied for, the name and address of the Designated Intermediary where the Bid cum Application Form was submitted by the Bidder and a copy of the Acknowledgment Slip received from the Designated Intermediary at the address given below

KFin Technologies Private Limited

(formerly known as Karvy Fintech Private Limited)

Selenium, Tower B. Plot No. - 31 and 32. Financial District, Nanakramguda, Serilingampally, Hyderabad, Rangareddi - 500 032, Telangana, India

Tel: +91 40 6716 2222; Toll free number: 18003094001

E-mail: absbpo@kfintech.com

Website: www.kfintech.com

Investor Grievance ID: einward.ris@kfintech.com

Contact Person: M. Murali Krishna

SEBI Registration Number: INR000000221

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF ADITYA BIRLA SUN LIFE AMC LIMITED.

Aditya Birta Sun Life AMC Limited is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its Equity Shares and has filed the Prospectus with the RoC on October 4, 2021. The Prospectus is available on the website of SEBI at www.sebi.gov.in websites of the Stock Exchanges i.e. BSE and NSE at www.bseindia.com and www.nseindia.com, respectively, and is available on the websites of the GCBRLMs. i.e. Kotak Mahindra Capital Company Limited, BofA Securities India Limited and Citigroup Global Markets India Private Limited at www.investmentbank.kotak.com, www.ml-india.com and www.online.citibank.co.in/rhtm/citigroupglobalscreen1htm, respectively and the websites of the BRLMs, i.e Axis Capital Limited, HDFC Bank Limited, ICICI Securities Limited, IIFL Securities Limited, JM Financial Limited, Motilal Oswal Investment Advisors Limited, SBI Capital Markets Limited and YES Securities (India) Limited at www.axiscapital.co.in, www.hdfcbank.com, www.icicisecurities.com, www.iiflcap.com, www.jmfl.com, www.motilaloswalgroup.com, www.sbicaps.com and www.yesinvest.in, respectively Bidders should note that investment In equity shares involves a high degree of risk and for details relating to the same, please see the section "Risk Factors" beginning on page 25 of the Prospectus.

The Equity Shares offered in the Offer have not been and will not be registered under the U S. Securities Act of 1933, as amended ("U S. Securities Act"), or any state law of the United States and. unless so registered, may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. Accordingly, the Equity Shares are being offered and sold (i) within the United States only to persons reasonably believed to be "qualified institutional buyers" (as defined in Rule 144A under the U.S. Securities Act) under Section 4(a) of the U S. Securities Act, and (ii) outside the United States in offshore transactions as defined in and in compliance with Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales are made. There will be no public offering of the Equity Shares in the United States.