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GMP, price, other details you should know

Aditya Birla AMC IPO (Initial Public Offering) will open for subscription on Wednesday, September 29, 2021, and the three-day issue will end on October 1, 2021 2,768.26 crore from this public offering by OFS (offer for sale).

The price range of the first share sale was set at 695-712. According to market observers, Aditya Birla is AMC IPO GMP (gray market premium) today 30th

Here we list important details about Aditya Birla AMC’s IPO:

– Aditya Birla AMC IPO GMP: As mentioned above, ABSL will sell AMC stocks at a premium of. acted 30 on the gray market today. According to market observers, Aditya Birla is AMC IPO GMP today 18 less than yesterday evening’s gray market premium of 48. You said that Aditya Birla AMC’s gray market premium rose within a week of 30 tons 70, but shortly before the subscription opens, it’s up 30. They added that much will depend on how investors react when it opens for bidding tomorrow.

– Aditya Birla AMC IPO price range: The asset management company has the issue price 695 tons 712 per share.

– Aditya Birla AMC IPO size: The company’s promoters intend to increase 2,768.26 crore from this public offering by OFS (offer for sale).

– Aditya Birla AMC IPO subscription date: The public edition will open for subscription on September 29 and can be offered until October 1, 2021.

– Aditya Birla AMC IPO lot size: One bidder can apply for the public offering in lots and one lot comprises 20 shares of Aditya Birla AMC. A bidder can apply for at least one lot and a maximum of 14 lots.

– Investment limit for the IPO of Aditya Birla AMC: Since a bidder can apply for at least one lot and a maximum of 14 lots, an investor can invest at least 14,240 ( 712 x 20) and maximum 1,99,360 ( 712 x 20 x 14).

– Problem type: Aditya Birla AMC IPO is a book-build edition with a face value of 5 per equity share.

– Subscribe or not to Aditya Birla AMC IPO: Advising investors on the subscription to Aditya Birla AMC IPO; Saurabh Joshi, Research Analyst at Marwadi Shares and Finance Limited, said, “Given the TTM-adjusted EPS of At 20.27 after the issue, the company is trading at a PER of 35.13 with a market capitalization of 2.05.056 million, while its rivals HDFC AMC and Nippon Life are trading at P / E ratios of 49.99 and 38.61, respectively. We are giving this IPO the subscription rating because the company is the largest bank-independent asset manager in India with a diverse product portfolio and a geographically diversified pan-Indian sales presence. In addition, the company is available at a fair valuation compared to its competitors. “

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