Aditya Birla Sun Life IPO Allotment Status, Fund Refund: The bidding for Aditya Birla SunLife IPO offer was closed on 1st October and now all the bidders are impatiently waiting for the allotment of shares. Aditya Birla Sun Life IPO Allotment Status is to be made available to investors on 6th October 2021. Investors who are looking forward to the finalization of the basis of allotment can check it online once it will be finalized. The allotment status is going to be made available on the website of the official registrar of the IPO offer.
The offer has been made by the company with an objective to execute the OFS (Offer for Sale) up to 38,880,000 Eq. Shares (aggregating up to Rs. 2,768.26 Cr) by the Selling Shareholders and gaining the advantages of listing of shares on the stock exchanges (i.e. NSE and BSE).
The listing price of Aditya Birla Sun Life at NSE and BSE is 715 and 712 respectively.
Aditya Birla Sun Life IPO Allotment Status
Birla Capital International AMC Limited is the issuer of Rs. 2,768.26 Cr IPO offer of 38880000 Equity Shares with the face value of Rs.5 per Equity share. The price band of this IPO was fixed at Rs.695-712 per share. It is a book-built issue IPO with a market lot of 20 shares. KFintech Private Limited is the official registrar of the IPO. The bidding for the offer was open from 28th September to 1st October 2021.
The basis of allotment will be finalized most probably on October 6 which will be followed by initiation of refund, credit of shares to Demat accounts of the successful bidders, and listing of IPO on 7th October, 8th October, and 11th October respectively. Once the listing will be done, shares will be listed on the stock exchange.
Talking about the subscription, the IPO was subscribed 5.25 times on the day of closing of the bid. The offer was subscribed 3.24 times under the retail category (i.e., by RII), 4.39 times under the NII category, and 10.36 times under the QIB category. Under Other categories, the public offer was subscribed 1.68 times.
How to check Aditya Birla Sun Life IPO Allotment Status?
The status of the IPO allotment will be updated on the official registrar’s portal as per the schedule mentioned in the Red Herring Prospectus (RHP) of this IPO. Apart from this, investors can also view allotment status on the official website of BSE as the shares are going to be listed on this stock exchange.
Let’s check how investors can view their allotment status through the steps given as under-
ABSLAMC IPO Allotment Status on Registrar portal-
- Visit the official portal of KFintech Private Limited’s IPO allotment status.
- Select any of the given allotment status link.
- Select “Aditya Birla SunLife IPO” option from the drop down against the Select IPO option.
- Select the query type and provide details accordingly.
- Enter captcha code and proceed ahead by clicking submit button.
ABSLAMC IPO Allotment Status on Stock Exchange portal-
- Visit BSE IPO Allotment status check link https://www.bseindia.com/investors/appli_check.aspx
- Now Select “Equity” option for Issue type
- Select issue name from the drop-down options.
- Enter IPO application no. and PAN no.
- Mark the security box and click on Search Button.
Once the allotment is done, the refund initiation to the unsuccessful investors will be processed from 7th October 2021. On the very next day i.e. on 8th October, the equity shares will be credited to the Demat Accounts of the successful bidders. Finally, the listing of Equity Shares will be executed on the BSE and NSE stock exchanges on the 11th of October 2021. After that trading of shares will be started.
You can also check some of the major upcoming IPOs mentioned below-