Aditya Birla Sun Life AMC, the investment manager of Aditya Birla Sun Life Mutual Fund, is a joint venture between Aditya Birla Group and Sun Life Financial Inc of Canada.

Aditya Birla Sun Life AMC, the investment manager of Aditya Birla Sun Life Mutual Fund, is a joint venture between Aditya Birla Group and Sun Life Financial Inc of Canada.

Although the company’s financials have shown good growth, experts said it faces competition from peers that have the support of banks in terms of business expansion and client acquisition.

Although the company’s financials have shown good growth, experts said it faces competition from peers that have the support of banks in terms of business expansion and client acquisition.

Aditya Birla Sun Life AMC share price opened at Rs xx on the BSE, and Rs xx on the National Stock Exchange.

Aditya Birla Sun Life AMC share price opened at Rs 715 on the National Stock Exchange.

Paras Defence and Space Technologies is the first stock in the current decade that has given a massive 185 percent returns to investors on its debut day. The investment of Rs 14,875 for 85 shares (one lot) is worth Rs 42,393.75 now.

Experts advise investors to book partial profits and hold the remaining shares for the long term, or to hold all shares for the longer term, given the increased government focus on defence and space sectors.

The grey market premium for Aditya Birla Sun Life AMC IPO shares dropped further to 2.8-4.2 percent from 6.3-7 percent earlier. It traded at Rs 732-742 per share against higher end of price band of Rs 712 per share.

Paras Defence share opened at Rs 475 on the BSE and at Rs 469 on the NSE, against issue price of Rs 175 per share.

After closing the issue on October 1, the IPO share allotment will get finalised on October 6. The funds will be refunded to ineligible investors by October 7, and the successful investors will get share in their demat accounts by October 8.

At least 13 analysts and brokerage houses have endorsed the issue, citing reasonable valuations, scope for growth of mutual fund products and rising investment awareness, among other reasons

The offer size has been reduced to 2.77 crore shares from 3.88 crore shares after the company raised Rs 789 crore from anchor investors on September 28.

KR Choksey has come out with its report on Aditya Birla Sun Life AMC. The research firm has recommended to #39;#39;Subscribe#39;#39; the ipo in its research report as on September 28, 2021.

Marquee investors who participated in the anchor book were HSBC, International Monetary Fund, Abu Dhabi Investment Authority, Morgan Stanley Asia, BNP Paribas, and Societe Generale.