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Aditya Birla Sun Life AMC IPO News: Aditya Birla Sun Life AMC IPO launched on September 29 for the subscription. In the ABSA IPO, the company promoters offered Rs. 2,768.26 crores are being collected.
Buy at least 20 shares
The market lot and minimum order size at IPO are 20 shares. Aditya Birla Sun Life AMC IPO Share Award is likely to take place on October 6. The IPO will be included in BSE and NSE.
Invest by October 1st
Refunds begin October 7th. The shares will be credited to the Demat account on October 8. The subscription window for Aditya Birla AMC IPO will be open from September 29 to October 1.
56 percent members on the first day
Aditya Birla Sun Life received a 56 percent subscription on the first day of AMC's initial public offering (IPO) issued on Wednesday. According to data available on the National Stock Exchange, a total of 1,54,80,400 shares were offered for 2,77,99,200 shares.
What do the experts say?
Experts guarantee that this company is one of the 4 mutual fund companies in the country in terms of QAAUM (quarterly average assets under management). As of June 30, 2021, it was Rs. Maintained assets of Rs 2,936.42 billion. He said the growth of the AUM industry has increased due to increased financial awareness among investors. So far the company's focus has been on debt funds with lower margins than equity schemes. The company is focusing on high-margin products. Short-term investors are less likely, but you can make a long-term investment.
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