Reliance Nippon Life Asset Management Limited
MainboardClosed
₹14,868(59 Shares)
Minimum Investment
IPO Dates
Oct 25, 2017 – Oct 27, 2017
Price Band
₹247–252 per equity share
Lot Size
59
Listing
Nov 6, 2017
Listing At
NSE, BSE
Oct 25, 2017Open DateCompleted
Oct 27, 2017Close DateCompleted
TBAAllotment DateUpcoming
Nov 6, 2017Listing DateCompleted
Reliance Nippon Life Asset Management Limited Live Subscription Details
All IPOsAll Live IPOsQIB118.41x
Retail5.39x
NIIs
209.44xOverall Subscription
Total Bids Received
81.41x
Reliance Nippon Life Asset Management Limited IPO Issue Details
- Issue Price
- Rs 247 - Rs 252 Per Equity Share
- Face Value
- ₹Rs 10 Per Equity Share
- Listing At
- NSE, BSE
- Listing Date
- Nov 6, 2017
Company Information
Valuations
RoNW
21%
Objectives of the Issue
- 1Offer for SaleCompany will not receive any proceeds from the Offer for Sale.
- 2Fresh Issue(a) Setting up new branches and relocating certain existing branches(b) Upgrading the IT system(c) Advertising, marketing and brand building activities(d) Lending to our Subsidiary (Reliance AIF) for investment as continuing interest in the new AIF schemes managed by Reliance AIF(e) Investing towards our continuing interest in new mutual fund schemes managed by us(f) Funding inorganic growth and other strategic initiatives(g) Meeting expenses towards general corporate purposes
Contact Details
Frequently Asked Questions — Reliance Nippon Life Asset Management Limited IPO
The Reliance Nippon Life Asset Management Limited IPO price band is set at ₹247.00 to ₹252.00 per equity share.
The lot size for Reliance Nippon Life Asset Management Limited IPO is 59 shares per lot. The minimum investment amount is approximately ₹14,868.
The Reliance Nippon Life Asset Management Limited IPO opens on Oct 25, 2017 and closes on Oct 27, 2017.
Reliance Nippon Life Asset Management Limited IPO is expected to be listed on Nov 6, 2017 on NSE, BSE.
