Subscribe to Aditya Birla Sun Life AMC: Choice Equity Broking

Aditya Birla Sun Life AMC, #Choice Equity Broking, #IPO, #IPO - Issues Open, #IPO Broker Analysis, #subscribe, #Upcoming Issues, click here

Choice Equity Broking IPO report on Aditya Birla Sun Life AMC

Aditya Birla Sun Life AMC Ltd. (ABAMC) – the country’s largest nonbanking affiliated fund house is coming up with an IPO to raise Rs. 2,770cr, which opens on 29th Sept. and closes on 1st Oct. 2021. The price band is Rs. 695 – 712 per share. The company is promoted by Aditya Birla Capital Ltd. (ABCL) and Sun Life (India) AMC Investments Inc. The issue consists of only OFS portion. As a result, the company will not receive any proceeds from it.

Valuation and Outlook

Moreover, based on FY24E earnings, the stock is demanding a P/E valuation of 29.4x, which seems to be attractive for a company with a RoE excess of 25%. Thus considering the above observations, we assign a “SUBSCRIBE” rating for the issue.

For all IPO stories, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Internet Explorer Channel Network
News Related

OTHER NEWS

Bengals at Ravens how to watch: TV, odds, prediction for showdown between the AFC North's top-two teams

© Provided by CBS Sports Joe Burrow’s first game against the Ravens was a forgettable one. In his fifth career start, the former No. 1 overall pick was sacked seven ... Read more »

Gold prices marginally dip to Rs 47,469/10 gm on global cues; silver touches Rs 65,000 a kg

Gold prices slightly eased by Rs 79 to Rs 47,469 per 10 gram in the Mumbai bullion market tracking muted global cues. The precious metal was also pressured by a ... Read more »

Hold Rallis India: target of Rs 305: ICICI Direct

ICICI Direct’s research report on Rallis India Rallis India is a leading agrochemical company with a presence across agri input value chain and a strong, healthy pipeline of sustainable products. ... Read more »

Hold Navin Fluorine: target of Rs 3710: ICICI Direct

ICICI Direct’s research report on Navin Fluorine Navin Fluorine (NFIL) operates one of the largest integrated fluorochemicals complexes in India with a presence in speciality chemicals, CRAMS, inorganic fluoride and ... Read more »

Buy 5paisa Capital; target of Rs 530: ICICI Direct

ICICI Direct’s research report on 5paisa Capital Paisa is a leading discount stock broker backed by the Nirmal Jain led IIFL group. Aggressive client accretion with ~84% of incremental client ... Read more »

Buy ACC; target of Rs 2800: ICICI Direct

ICICI Direct’s research report on ACC ACC (a Holcim group company) is a large cement player with capacity of over 34.5 MT in India and one of the oldest cement ... Read more »

Hold Nestlé India: target of Rs 20450: ICICI Direct

ICICI Direct’s research report on Nestlé India Nestlé India (NIL) is the largest food company in India with over Rs 13000 crore of sales. It is broadly present in infant ... Read more »

Hold Hindustan Unilever: target of Rs 2750: ICICI Direct

ICICI Direct’s research report on Hindustan Unilever Hindustan Unilever (HUL) is the biggest FMCG company in India with more than 40 brands across categories. It is the market leader in ... Read more »

Gainers & Losers: 10 stocks that moved the most on October 21

The benchmark indices witnessed selling for the third straight session on October 21. mostly dragged by IT and metal names. At close, the Sensex was down 336.46 points, or 0.55%, ... Read more »

Altcoins join the party after Bitcoin sets new all-time high above $67k

© Provided by City AM It took almost six months, but Bitcoin yesterday finally surpassed its all-time high of just below $65,000 reached in April. The leading cryptocurrency hit a ... Read more »

Silver prices slide below Rs 65,500/kg as US Treasury yield, dollar rebound

Silver prices fell below Rs 65,500 per kg on October 21 as the US Treasury yield rebounded and the US dollar firmed up. The precious metal has risen 2.35 percent yesterday ... Read more »

Natural gas futures slip ahead of EIA inventory report

Natural gas futures traded weak on October 21 as the market awaited Energy Information Administration (EIA) weekly inventory report scheduled for release later in the day. Gas prices had jumped ... Read more »

Asian Paints Q2 profit falls 29% to Rs 605.2 crore on steep decline in operating income

Asian Paints on October 21 reported a 29 percent year-on-year decline in consolidated profit at Rs 605.2 crore for the quarter ended September 2021 as higher input prices dented operating ... Read more »

A Timeline Of The Kylie Padilla, Aljur Abrenica, And AJ Raval Relationship Drama

© Provided by Cosmopolitan Philippines Aljur Abrenica and Kylie Padilla seemed to be doing well after their separation in April 2021. ICYMI, the two got married in December 2018 and ... Read more »

Accumulate Hindustan Unilever; target of Rs 2834: KR Choksey

KR Choksey’s research report on Hindustan Unilever HUL reported revenue growth of 11.7% YoY (+7% QoQ) at INR 130,460 Mn driven by double digit growth in Home Care and Beauty ... Read more »

Accumulate Sonata Software; target of Rs 1087: KR Choksey

KR Choksey’s research report on Sonata Software Sonata Software Ltd (SSOF) Q2FY22 performance was lower than our estimate. Dollar Revenue was up materially by 11% QoQ to USD 49.4Mn (KRChoksey ... Read more »

S. Korean Bond Yields on Oct. 21, 2021

Today (%) Previous Session(%) Change (BP) 1-year TB 1.144 1.151 -0.7 2-year TB 1.600 1.618 -1.8 3-year TB 1.836 1.847 -1.1 10-year TB 2.388 2.392 -0.4 2-year MSB 1.637 1.654 ... Read more »

(LEAD) Seoul stocks down for 2nd day over inflation woes

(ATTN: ADDS bond yields at bottom, photo) SEOUL, Oct. 21 (Yonhap) — South Korean stocks closed lower Thursday after a choppy session, as the hopes for economic recovery is balanced ... Read more »

Seoul stocks down for 2nd day over inflation woes

SEOUL, Oct. 21 (Yonhap) — South Korean stocks closed lower Thursday after a choppy session, as the hopes for economic recovery is balanced against concerns about fast inflation. The Korean ... Read more »

KOSPI 3,007.33 DN 5.80 points (close)

(END) Read more »

KOSDAQ 993.70 DN 7.92 points (close)

(END) Read more »

Dollar ends at 1,177.2 won UP from 1,174.2 won

(END) Read more »

Thousands raised for East Lothian mum diagnosed with breast cancer months after stepson was diagnosed with leukaemia

© Lisa Findlay’s friends have come together to help during her cancer battle. Let us know what you think and join the conversation at the bottom of this article. Ms ... Read more »

Watch West Ham vs Tottenham Hotspur on LIVENow

West Ham will host Tottenham for the most eye-catching fixture of Matchday 9 with both teams looking to cement their place among the European spots in the Premier League. Spurs ... Read more »

AJ Raval Apologizes To Kylie Padilla For Sharing Aljur's 'Tell Them Who Cheated First' Statement

© Provided by Cosmopolitan Philippines AJ Raval issued an apology to Kylie Padilla and the general public after she shared—and then deleted—Aljur Abrenica‘s Facebook post where he insinuated that Kylie cheated on him ... Read more »

Grant gives minority artists funding to create change in New Haven community

In an effort to promote community healing and racial justice, the Community Foundation for Greater New Haven created a partnership with the Arts Council of Greater New Haven. $600,000 was ... Read more »

Asian Paints Q2 Preview | Volume growth may lift revenue, inflation to weigh on margins

Asian Paints, one of the largest paint companies in India, is expected to see more than 20 percent growth in sales volume for the quarter ended September 2021 due to ... Read more »

Seoul stocks up late Thur. morning on earnings hope

SEOUL, Oct. 21 (Yonhap) — South Korean stocks traded higher late Thursday morning as hopes of strong third-quarter corporate earnings spurred foreign and institutional buying. The benchmark Korea Composite Stock ... Read more »

Ronaldo, Messi, Salah bring the thrills for Champions League Matchday 3

We’re now officially halfway through the 2021-22 UEFA Champions League group stage, and it has to be said the world’s top club competition has provided countless spectacular moments and memorable ... Read more »

Seoul stocks open slightly higher on tech, auto gains

SEOUL, Oct. 21 (Yonhap) — South Korean stocks opened slightly higher Thursday, led by advances in techs and autos. The benchmark Korea Composite Stock Price Index (KOSPI) rose 4.82 points, ... Read more »

Perrysburg Symphony Orchestra rehearsing for first full concert since the start of the pandemic

PERRYSBURG, Ohio (WTVG) – Before the COVID-19 pandemic, a live audience was something you’d expect at a concert. © Provided by Toledo WTVG The Perrysburg Symphony Orchestra is preparing for ... Read more »

KOSPI 3,012.28 DN 0.85 points (open)

(END) Read more »

KOSDAQ 1,003.48 UP 1.86 points (open)

(END) Read more »

Dollar opens at 1,175.5 won UP from 1,174.2 won

(END) Read more »

Costa Can't Make Weight, Not Even Close

© Photo by Josh Hedges/Zuffa LLC Paulo Costa vs. Marvin Vettori will not be a middleweight fight, assuming the UFC Vegas 41 headliner stays intact. Costa (13-1) confirmed that he ... Read more »

This TikTok-Favorite Body Exfoliating Scrub Will Erase Bumps, Unclog Pores & Reveal Smooth, Soft Skin

© First Aid Beauty. It’s getting colder out there, and we have one question on our minds: How are we going to protect our skin this autumn and winter? Along ... Read more »

7@four: Art in the Country Tour

BOTETOURT COUNTY, Va. (WDBJ) – Open Studios Botetourt is presenting its 11th Art in the Country Tour this weekend. © Provided by Roanoke-Lynchburg WDBJ-TV Art in the Country 2021 October ... Read more »

🌱 Cincinnati Ballet Open Auditions + The Pops Perform Burton

Up and at ’em, Cincinnati! Here’s everything you need to know to get this Thursday started off right. © Provided by Patch Feature your local business here in the Cincinnati ... Read more »

2022 SXSW Music Festival: See Initial List of Showcasing Artists

SXSW The initial list of showcasing performers at next year’s 36th annual SXSW Music Festival was released on Wednesday (Oct. 20) and it includes Blackstarkids, Ezra Furman, Surfbort, Horsegirl,  Aeon ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic