Aditya Birla Sun Life Asset Management Co. will sell shares at Rs 695-712 apiece in its three-day maiden offer starting Wednesday, becoming the country’s fourth fund house to list on the bourses.
Financials
Aditya Birla Sun Life AMC saw its revenue from operations decline for the third straight financial year. Its revenue, however, rose year-on-year in the three months ended June 2021.
Peers
Aditya Birla Sun Life AMC has three other listed peers—HDFC Asset Management Co., Nippon India Asset Management Co. and UTI Asset Management Co.
Risks
The extent to which the coronavirus disease or any other pandemic may affect its business and operations in the future is uncertain and cannot be predicted.
Revenue and profit are largely dependent on the value and composition of the AUM of the schemes managed by the AMC and any adverse change in its AUM may result in a decline in its revenue and profit.
Underperformance of investment products in respect of which it provides asset management services could lead to a loss of investors, reduction in AUM and adversely affect its operations and reputation.
Growth of AUM may be affected due to the unavailability of appropriate investment opportunities or if the company closes or discontinues some of its schemes or services.
Credit risks related to the debt portfolio of its funds may expose its funds to losses, which may have an adverse effect on its business, operations, financial condition and cash flows.
Watch the interview with Aditya Birla Sun Life AMC's Chief Executive Officer A Balasubramanian:
Research Reports On Aditya Birla Sun Life AMC IPO:
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