Aditya Birla Group is preparing to list its asset management company Aditya Birla Sun Life AMC in the stock markets. For this, the company has brought its IPO in the market on September 29. That is, today this IPO is open. Through this IPO, the company will raise Rs 2770 from the primary market.
At least 13 analysts and brokerage houses are recommending to invest in this IPO. They say that good valuations, good market penetration, strong brand image, good growth potential in mutual fund products, growing financial and investment awareness, strong distribution network of the company are some of the reasons that make it a good investment option for investment. Huh.
Most of the analysts believe that the listing gain in this IPO may be limited. But in the long term, this stock will generate huge earnings for the investors. It is worth noting that this issue opened on 29 September i.e. today and will close on 1 October. Aditya Birla Sun Life AMC’s issue is 11% subscribed so far on the first day. The company is preparing to raise Rs 2770 crore from the issue. Its issue price is Rs 695-712.
Giving its opinion on this IPO, KRChoksey Research says that the valuation of this IPO looks very good considering the P/E of 40x the industry. The long term outlook of Aditya Birla Sun Life AMC is looking very good. Keeping that in mind, it would be advisable to subscribe in this IPO.
Canara Bank Securities also recommends investing in this issue from a long perspective. The company’s market cap/AUM is looking good as compared to other listed peer companies. Its financial performance has been very good. In the future also, there is an expectation of good growth in its business, in view of which one should invest in this IPO with a long-term perspective.
Nirmal Bang also says that the company has consistently performed well to deliver 30 per cent returns. The same performance is expected to continue in the future as well. It would be advisable to invest in this IP from a long perspective. Along with this, Choice Broking also says that due to favorable government policies and increasing penetration in B-30 cities, the company’s business will see a boom going forward. Keeping that in mind, invest money in this IPO from a long perspective.
Apart from these, BP Wealth, Marwari Financial, Anand Rathi, Ventura Securities, Angel One, AUM Capital and Dalal & Brocha Stock Broking are also advised to buy in this IPO.
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