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Sunday, October 17, 2021

Aditya Birla Sun Life AMC IPO: There is a possibility of weak listing in the market

Aditya Birla Sun Life AMC IPO: The issue of Aditya Birla Sunlife AMC opened for subscription on 29 September and closed on 1 October. The allotment of shares of the company took place on 6 October. The company had issued an IPO of Rs 2768 crore. 14,59,97,120 shares were bid for 2,77,99,200 equity shares of Aditya Birla Sun Life AMC. Accordingly, the issue was subscribed 5.25 times. This issue was purely an offer for sale.

What’s going on GMP?

The gray market premium (GMP) of the company’s shares in the unlisted market is only Rs.10. Its shares are trading at Rs 722. There has been a steady decline in the gray market premium of Aditya Birla Sun Life AMC in the last few days. Its GMP was Rs 45 on 28 September, which has come down to just Rs 10 on 6 October. The company’s issue price band was Rs 695-712.

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If you had also invested in the issue of Aditya Birla Sun Life AMC, then you can check the allotment status like this.

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How to check through BSE
First of all click on https://www.bseindia.com/investors/appli_check.aspx.

After clicking on this link a page of Status of Issue Application will open. Select Equity option on it.

Select the name of the company for which you want to check the allotment of IPO.

After that enter your application number.

Below this you have to enter the details of your PAN.

After this, verify you by clicking on the box of I am not a robot.

After this press the search button and the status will be in front of you.

If you want to check allotment through registrar company KFin Technologies then you can check like this

First of all click on this link.

https://ris.kfintech.com/ipostatus/ipos.aspx

After this, select the name of the IPO in Dropbox whose allotment status is to be checked.

Below this, you can check the status by giving any one of these three information-

application number

client id

PAN

After that select the type of your application. That is, choose between ASBA or Non-ASBA.

According to the mode you will select, you will have to give information below it.

After that fill the captcha and submit.

Your allotment status will be in front of you.

Those who do not get the shares, their money will be returned by 7 October. Whereas the shares of October 8 will start appearing in the demat account of the people to whom the shares will be allotted. The listing of the company’s shares is on 11 October on BSE and NSE.

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Shehnazhttps://www.businesskhabar.com/
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
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