Should You Invest In Aditya Birla AMC’s IPO?

Aditya Birla AMC’s IPO is opening for subscription on Sept 29 and closes on Oct 1. The price band of the company’s IPO is Rs 695-712 per share. In the grey market, this issue is trading at a premium of Rs 70. Will it be a profitable deal for investors?

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Aditya Birla AMC IPO

Aditya Birla Capital and Sun Life are the two promoters of Aditya Birla AMC. This company specialises in finance, data analytics, and customer service. According to Surya Kundli, investors may show interest in the IPO on Sept 29 and Sept 30. However, the subscription may remain slow on Oct 1.

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Fixed Lot Size Of 20 Shares

The lot size of 20 shares has been fixed for this IPO, i.e. investors will have to invest at least Rs 14,240 according to the upper limit of the price band.

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