Aditya Birla Sun Life AMC Limited raises Rs. 788.95 crores from 50 anchor investors

Spread the love

Aditya Birla Sun Life AMC Limited allocates equity shares at the upper price band of Rs. 712 per share with face value of Rs. 5 per equity share

Non-anchor offer to open on Wednesday, September 29, 2021 to Friday, October 01, 2021

Aditya Birla Sun Life AMC Limited (“Company”), ranked as the largest non-bank affiliated AMC in India by QAAUM since March 31, 2018 and is amongst the four largest AMCs in India by QAAUM since September 2011, has allocated 11,080,800 equity shares to 50 anchor investor and raised Rs. 788.95 crores ahead of the company’s proposed IPO at the upper band of Rs. 712 per share (including share premium of Rs. 707 per Equity Share) with face value of Rs. 5 per equity share.

The anchor allocation as follows:

S. No.	Name of Anchor Investor	No. of Equity Shares allocated	Percentage of the Anchor Investor Portion (%)	Total Amount Allocated (₹)
1	ICICI PRUDENTIAL MIDCAP FUND	2,80,780	2.53	199,915,360
2	ICICI PRUDENTIAL ESG FUND	2,80,780	2.53	199,915,360
3	ICICI PRUDENTIAL LONG TERM EQUITY FUND TAX SAVINGS	2,80,760	2.53	199,901,120
4	ICICI PRUDENTIAL DIVIDEND YIELD EQUITY FUND	2,80,760	2.53	199,901,120
5	ICICI PRUDENTIAL BANKING AND FINANCIAL SERVICES FUND	2,80,760	2.53	199,901,120
6	HDFC MUTUAL FUND- HDFC BANKING AND FINANCIAL SERVICES FUND	259,300	2.34	184,621,600
7	HDFC TRUSTEE COMPANY LTD A/C HDFC BALANCE ADVANTAGE FUND	864,280	7.80	615,367,360
8	SBI MAGNUM MIDCAP FUND	407,300	3.68	289,997,600
9	SBI BANKING & FINANCIAL SERVICES FUND	421,340	3.80	299,994,080
10	SBI LONG TERM ADVANTAGE FUND-SERIES IV	98,320	0.89	70,003,840
11	SBI MAGNUM CHILDREN’S BENEFIT FUND	14,040	0.13	9,996,480
12	SBI MAGNUM CHILDREN’S BENEFIT FUND – INVESTMENT PLAN	182,580	1.65	129,996,960
13	HSBC GLOBAL INVESTMENT FUNDS- ASIA EX JAPAN EQUITY	808,820	7.30	575,879,840
14	INTERNATIONAL MONETARY FUND (IN RESPECT OF THE INTERNATIONAL MONETARY FUND STAFF RETIREMENT PLAN)	226,140	2.04	161,011,680
15	AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS GROWTH OPPORTUNITIES FUND	245,780	2.22	174,995,360
16	AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS SMALL CAP FUND	245,780	2.22	174,995,360
17	AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS MIDCAP FUND	245,780	2.22	174,995,360
18	AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS TRIPLE ADVANTAGE FUND	154,480	1.39	109,989,760
19	AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS CHILDREN GIFT FUND	77,260	0.70	55,009,120
20	AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS REGULAR SAVER FUND	14,060	0.13	10,010,720

S. No.	Name of Anchor Investor	No. of Equity Shares allocated	Percentage of the Anchor Investor Portion (%)	Total Amount Allocated (₹)
21	SBI LIFE INSURNACE CO.LTD	983,140	8.87	699,995,680
22	ABU DHABI INVESTMENT AUTHORIY MERLION	912,920	8.24	649,999,040
23	HDFC LIFE INSURANCE COMPANY LIMITED	861,080	7.77	613,088,960
24	INVESCO INDIA CONTRA FUND	280,880	2.53	199,986,560
25	AMUNDI FUNDS SBI FM INDIA EQUITY	210,660	1.90	149,989,920
26	ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED	210,660	1.90	149,989,920
27	UTI-DIVIDEND YIELD FUND	38,520	0.35	27,426,240
28	UTI-MIDCAP FUND	77,080	0.70	54,880,960
29	UTI-CORE EQUITY FUND	25,700	0.23	18,298,400
30	UTI-HYBRID EQUITY FUND	25,700	0.23	18,298,400
31	UTI-RETIREMENT BENEFIT PENSION FUND	12,840	0.12	9,142,080
32	UTI- BANKING AND FINANCIAL SERVICES FUND	30,820	0.28	21,943,840
33	TATA AIG GENERAL INSURANCE COMPANY LIMITED	210,660	1.90	149,989,920
34	KOTAK INDIA EQ CONTRA FUND	28,080	0.25	19,992,960
35	KOTAK TAX SAVER SCHEME	28,080	0.25	19,992,960
36	KOTAK EMERGING EQUITY SCHEME	28,100	0.25	20,007,200
37	KOTAK EQUITY SAVINGS FUND	28,100	0.25	20,007,200
38	KOTAK BALANCE ADVANTAGE FUND	28,100	0.25	20,007,200
39	IIFL SPECIAL OPPORTUNITIES FUND SERIES 7	140,460	1.27	100,007,520
40	ABAKKUS GROWTH FUND-1	140,460	1.27	100,007,520
41	MAX LIFE INSURANCE COMPANY LIMITED	140,460	1.27	100,007,520
42	RELIANCE GENERAL INSURANCE COMPANY LIMITED	140,460	1.27	100,007,520
43	MORGAN STANLEY ASIA (SINGAPORE) PTE. -ODI	309,000	2.79	220,008,000
44	EDELWEISS TOKIO LIFE INSURANCE CO. LTD. EQUITY TOP 250 FUND	35,140	0.32	25,019,680
45	EDELWEISS TOKIO LIFE INSURANCE COMPANY LIMITED –EQUITY MIDCAP FUND –SFIN ULIF001107/10/16ETLIMIDCAP147	35,100	0.32	24,991,200
46	EDELWEISS TRUSTEESHIP CO. LTD. AC-EDELWEISS MF AC- EDELWEISS RECENTLY LISTED IPO FUND	70,240	0.63	50,010,800
47	TARA EMERGING ASIA LIQUID FUND	70,240	0.63	50,010,800
48	BNP PARIBHAS ARBITRAGE-ODI	98,300	0.89	69,989,600
49	SOCIETE GENERALE-ODI	140,480	1.27	100,021,760
50	BNP PARIBAS ARBITRAGE	70,240	0.63	50,010,880
	TOTAL	11,080,800	100.00	7,889,529,600

Out of the total allocation 11,080,800 Equity Shares to the Anchor Investors, 53,36,380 Equity Shares (i.e. 48.16% of the total allocation to Anchor Investors) were allocated to 8 domestic mutual funds through a total of 31 schemes raising Rs. 379.95 crores of the total fund raised amounting to Rs. 788.95 crores from 50 anchor investors.

The Initial Public Offerings comprises of offer of sales of up to 2,850,880 Equity Shares by Aditya Birla Capital Limited and up to 36,029,120 equity shares by Sun Life (India) AMC Investments Inc. (The “Selling Shareholders” and The “Offer Shares”). The face value of equity shares is Rs. 5 each.

Kotak Mahindra Capital Company Limited, BofA Securities India Limited, Citigroup Global Markets India Private Limited are the Global Coordinator and Book Running Lead Managers and Axis Capital Limited, HDFC Bank Limited and ICICI Securities Limited, IIFL Securities Limited, JM Financial Limited, Motilal Oswal Investment Advisors Limited, SBI Capital Markets Limited and Yes Securities (India) Limited are the Book Running Lead Managers to the issue.