Reliance Nippon Life Asset Management Limited (formerly Reliance Capital Asset Management Limited) (RNAM) is coming with an initial public offering (IPO). Reliance Nippon Life Asset Management is the asset manager of Reliance Mutual Fund (RMF). This is the first time that any mutual fund manager in India is coming with an IPO. This shows the good days of the IPO Market and Stock Market of India. The IPO is coming at the end of October or the last week of October 2017. The price band is also decided by the company. We are going to talk about everything at the given section of the page.
Reliance Nippon Life Asset Management Limited has received the Securities and Exchange Board of India’s approval for IPO on 10 October 2017. RNAM had filed its draft proposal on 18 August 2017 with the SEBI.
The Reliance Nippon Life IPO will be open from 25 October 2017 to 27 October 2017. The price band of RNAM IPO is fixed between Rs. 247 – Rs. 252 per share.
The Reliance Nippon Life IPO comprises a fresh issue of 24,480,000 shares and an offer for sale of 36,720,000 shares. Reliance Nippon Life’s two main shareholders, Japan-based Nippon Life and Anil Ambani’s Reliance Capital will sell up to 25,490,000 and 1,120,000 shares, respectively.
In the given section of our website, we are going to give you all the information about the Reliance Nippon Life IPO Price, Reliance Nippon IPO Date, Reliance Nippon IPO Allotment Status, Subscription, Review, Reliance Nippon Life IPO Listing Date etc. Investors need to read all information carefully.
- 1 Reliance Nippon Life IPO
- 2 Reliance Nippon Life (RNAM) IPO, Price, Date, Subscription, Allotment, GMP, Grey Market, Listing Date
- 2.1 Reliance Nippon Life IPO Price Band
- 2.2 Reliance Nippon Life Asset Management (RNAM) IPO Date
- 2.3 Reliance Nippon Life AMC IPO Allotment Status
- 2.4 Reliance Nippon AMC IPO Listing Date
Reliance Nippon Life IPO
About the company: Reliance Nippon Life Asset Management Limited (formerly Reliance Capital Asset Management Limited) (RNAM) is an asset management company. The RNAM is the asset manager of Reliance Mutual Fund (RMF). Presently, Reliance Nippon has two shareholders, one is Reliance Capital Limited which holds 46.57% and second is Nippon Life Insurance Company (NLI) which holds 49%. Reliance Nippon Life is India’s third-largest mutual fund manager. The company is operated by Anil Ambani-led Reliance Group.
Company Promotors: Reliance Capital Limited And Nippon Life Insurance Company
Grey Market Price, Rates, GMP Premium
|06 November 2017||Rs. 42||Rs. 725||Rs. 3000|
Reliance Nippon Life (RNAM) IPO, Price, Date, Subscription, Allotment, GMP, Grey Market, Listing Date
|Name||Reliance Nippon Life Asset Management Limited|
|Open Date||25 October 2017|
|Close Date||27 October 2017|
|Allotment Date||01 November 2017|
|Refund Date||01 November 2017|
|Listing Date||06 November 2017|
|Issue Price||Rs. 247 – Rs. 252 Per Equity Share|
|Lot Size||59 shares|
|Minimum Order Quantity||59 shares|
|Issue Type||Book Built Issue IPO|
|Issue Size||61,200,000 Equity Shares of Rs 10 aggregating up to Rs. Crores|
|Lead Manager||JM Financial Institutional Securities Limited, CLSA India Private Limited, Nomura Financial Advisory and Securities (India) Private Limited, Axis Capital Limited, Edelweiss Financial Services Limited, IIFL Holdings Limited, SBI Capital Markets Limited, YES Securities (India) Limited|
|Registrar||Karvy Computershare Private Limited|
|Registrar Email||[email protected]|
|Investor Grievance||[email protected]rvy.com|
|Registrar Phone||+91 40 6716 2222|
|Listing at||NSE / BSE|
Reliance Nippon Life IPO Price Band
Anil Ambani led Reliance Nippon Life Asset Management has set a price band of Rs. 247- Rs. 252 per share for its initial public offering. The company is planning to raise Rs. 1,542 crore from the markets.
Reliance Nippon Life Asset Management (RNAM) IPO Date
India’s third-largest mutual fund manager Reliance Nippon Life Asset Management’s initial public offering of shares to raise up to Rs. 1,542 crore will run from 25 October 2017 to 27 October 2017, according to a public notice issued on Thursday, 12 October 2017.
|DATE||Total revenue||Total expenses||Profit after tax|
|31 March 2017||Rs. 1,435.9||Rs. 854.6||Rs. 402.8|
|31 March 2016||Rs. 1,313.8||Rs. 791.4||Rs. 396.4|
|31 March 2015||Rs. 955.1||Rs. 491.3||Rs. 354.5|
|31 March 2014||Rs. 778.8||Rs. 449.0||Rs. 270.6|
|31 March 2013||Rs. 734.6||Rs. 441.4||Rs. 230.4|
|**(All Figures in Rs. Crores)|
- Earnings Per Share (EPS): Rs. 6.85
- Price/Earnings (P/E) ratio: 36.05 – 36.78
- Return on Net Worth (RONW): 21%
- Net Asset Value (NAV): Rs. 31.71 per share
Reliance Nippon Life AMC IPO Daily Subscription Figures
|Category||SHARES OFFERED||25 October 2017||26 October 2017||27 October 2017|
JM Financial Institutional Securities Limited, CLSA India Private Limited, Nomura Financial Advisory and Securities (India) Private Limited, Axis Capital Limited, Edelweiss Financial Services Limited, IIFL Holdings Limited, SBI Capital Markets Limited, YES Securities (India) Limited are book running lead managers to the issue.
The registrar to the Reliance Nippon Life AMC IPO is Karvy Computershare Private Limited.
Reliance Nippon Life AMC IPO Allotment Status
The Reliance Nippon Life IPO Allotment Status can be seen online at the Karvy website on or around 01st to 02 November 2017. The direct link to the RNAM IPO Allotment will be shared here with our readers.
The allotment is out now on the official website, please click on the link given below.
Reliance Nippon AMC IPO Listing Date
Update 03rd November 2017: The listing date of Reliance Nippon Life IPO is 06th November 2017.
The listing of the shares of the Reliance Nippon Life IPO will be done on 06 November 2017. This is the expected date. The real date will be announced later.
Listing Day Figures (06th November 2017)
|NSE (RNAM)||BSE (540767)|
|IPO Price||Rs. 252||Rs. 252|
|Open||Rs. 295.90||Rs. 294|
|High||Rs. 299||Rs. 298.70|
|Low||Rs. 278||Rs. 278|
|Close||Rs. 284.40||Rs. 284|
|Difference||Up Rs. 32.40 (+12.86%)||Up Rs. 32.00 (+12.70%)|