Reliance Nippon Life Asset Management Ltd IPO, Reliance Mutual Fund AMC IPO Details

By | November 6, 2017
Reliance Nippon Life Asset Management Ltd IPO, Reliance Nippon Life AMC IPO, Reliance Mutual Fund IPO Detail, RNAM IPO, Reliance Nippon Life Asset Management Allotment Status, Reliance Nippon Life Asset Management GMP, Reliance Nippon Life Asset Management Grey Market Rates, Subscription Info, RNAM IPO Listing Date, Review, Ratings, Poll and all other details.

Reliance Nippon Life Asset Management Ltd IPO

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.

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

The Offer consists of the Fresh Issue and the Offer for Sale.

Offer for Sale

  • Reliance Nippon Life Asset Management Limited will not receive any proceeds from the Offer for Sale.

Fresh Issue

  • To Set up new branches and relocating few existing branches.
  • Upgrading the IT system of the company.
  • Advertising, marketing and brand building activities.
  • Lending to its Subsidiary (Reliance AIF) for investment as continuing interest in the new AIF schemes managed by Reliance AIF.
  • Investing towards its continuing interest in new mutual fund schemes.
  • Funding inorganic growth and other strategic initiatives.
  • Meeting expenses towards general corporate purposes

Grey Market Price, Rates, GMP Premium

DateGMPKostak RateSauda
06 November 2017Rs. 42Rs. 725Rs. 3000

Reliance Nippon Life (RNAM) IPO, Price, Date, Subscription, Allotment, GMP, Grey Market, Listing Date

NameReliance Nippon Life Asset Management Limited
Open Date25 October 2017
Close Date27 October 2017
Allotment Date01 November 2017
Refund Date01 November 2017
Listing Date06 November 2017
Issue PriceRs. 247 – Rs. 252 Per Equity Share
Lot Size59 shares
Minimum Order Quantity59 shares
Issue TypeBook Built Issue IPO
Issue Size61,200,000 Equity Shares of Rs 10 aggregating up to Rs. Crores
Lead ManagerJM 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
RegistrarKarvy Computershare Private Limited
Registrar Email[email protected]
Investor Grievance[email protected]
Registrar Website https://karisma.karvy.com
Registrar Phone+91 40 6716 2222
Listing atNSE / BSE
IPO Poll

Would you apply to Reliance Nippon Life Asset Management IPO?

  • Yes (75%, 875 Votes)
  • No (25%, 285 Votes)

Total Voters: 1,160

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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.

Financials

DATETotal revenueTotal expensesProfit after tax
31 March 2017Rs. 1,435.9Rs. 854.6Rs. 402.8
31 March 2016Rs. 1,313.8Rs. 791.4Rs. 396.4
31 March 2015Rs. 955.1Rs. 491.3Rs. 354.5
31 March 2014Rs. 778.8Rs. 449.0Rs. 270.6
31 March 2013Rs. 734.6Rs. 441.4Rs. 230.4
**(All Figures in Rs. Crores)

Valuations

  • 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

CategorySHARES OFFERED25 October 201726 October 201727 October 2017
RII214200000.902.385.65
NII918000011.3816.16209.44
QIB122400006.139.80118.40
Total428400004.647.4581.54

Lead Managers

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.

Registrar

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 of the RNAM IPO Allotment will be shared here with our readers.
Allotment is out now on the official website, please click on the link given below.

RNAM IPO Allotment

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 PriceRs. 252Rs. 252
OpenRs. 295.90Rs. 294
HighRs. 299Rs. 298.70
LowRs. 278Rs. 278
CloseRs. 284.40Rs. 284
DifferenceUp Rs. 32.40 (+12.86%)Up Rs. 32.00 (+12.70%)

Reliance Nippon Life Asset Management Limited Address

Adress
Registered Office and Corporate Office: Reliance Centre, 7th Floor, South Wing,
Off Western Express Highway, Santacruz (East),
Mumbai 400 055, Maharashtra, India

Telephone: + 91 22 3303 1000
Fax: +91 22 3303 7662
E-mail: [email protected]
Website: www.reliancemutual.com

IPO Prospectus

Download DRHP with SEBI.

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