Aditya Birla Sun Life AMC IPO share buy , How to Buy IPO?

 Aditya Birla Sun Life AMC IPO, Buy IPO,expert says and proposal. 

    Aditya Birla Sun Life AMC

    Aditya Birla sun life AMC IPO. 

    Fund house Aditya Birla Sun Life AMC has come up with a golden opportunity for almost everyone, which will run from today till October 1.  In which you can also buy IPO shares of this company.  The price band for the three-day initial share sale has been fixed at ₹695-712 per share.  BSE data shows that within the first hour of bidding on the first day, the IPO has been subscribed 0.17 times and the retail portion booked 0.35 times.
     As per market observers, the shares of Aditya Birla AMC are available today at a premium of Rs 27 (GMP) in the gray market.  Gray Market is an unofficial platform, in which trading starts after the announcement of the IPO price band till the listing of the IPO shares.

    What is Aditya Birla AMC Proposal ?

     Aditya Birla AMC's initial public offering (IPO) is an offer for outright sale, in which two promoters, Aditya Birla Capital and Sun Life (India) AMC Investments, will sell their stake in the asset management firm.  The IPO of 3.88 crore equity shares includes an offer for sale of 28.51 lakh equity shares by Aditya Birla Capital and 3.6 crore equity shares by Sun Life AMC.

    Remember this thing during the investing in Aditya Birla Sun Life AMC. 

    The three-day Initial Public Offer (IPO) of Aditya Birla Sun Life AMC has opened for subscription from 9 PM today.  The company had announced last week in a virtual press conference that the IPO would be open for three days i.e. till October 1.  The company has fixed a price band of Rs 695-712 per share for an initial share sale of over Rs 2,768 crore.
       Aditya Birla Sun Life AMC said on the previous day that it has deposited Rs 789 crore from anchor investors ahead of its initial share sale.  It is an offer for sale, in which two promoters—Aditya Birla Capital and Sun Life (India) AMC Investments—will sell their stake in the asset management firm.

    what experts say Aditya Birla Sun Life AMC ?

        Shares of Aditya Birla Sun Life MC are trading at a price of 757-772 in the gray market.  They are trading at a premium of 6.3 to 8.4 percent over the issue price of the IPO.  However, market experts say that its GMP completely depends on how its issue is subscribed.  According to experts, this is 100% offer for sale, due to which the subscription may be affected.

    How to buy IPO?

    1. First of all it is necessary to open a Demat account with enough money.  No investor can apply for IPO without a Demat account..

    2. After creating a Demat and Trading account, he/she should be familiar with the Application Supported by Blocked Account (ASBA) facility.  It is mandatory for every IPO applicant.

    3.  An investor needs to bid while applying for shares in an IPO.  This is done as per the lot size quoted in the prospectus of the company.

     4. A price range is fixed and investors are required to bid within the price range.  Though an investor can amend his bid during the IPO, it should be noted that he needs to block the required funds while placing the bid.

     5. If an investor is lucky enough to get the full allotment, he/she will receive a Confirmatory Allotment Note (CAN) or Confirmatory Allotment Note within 6 working days of the completion of the IPO process.  After the shares are allotted, they are credited to the demat account of the investor.

    6. After doing all this, the investor will have to wait for the listing of the shares in the stock market.  This is generally done within seven days of finalizing the shares.

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