Category Archives: Reliance Nippon AMC IPO Grey Market Premium

Reliance Nippon Life AMC IPO : Date, Price, Allotment Status, Listing, Grey Market Premium

Reliance Nippon Life – the Asset Management Company (AMC) of Anil Ambani-led Reliance Group is going to come out with its initial public offering (IPO) from 25 to 27 October 2017.

It wound be an estimated Rs. 2,000 crore initial public offer.

I am sure in the current BULL RUN, small and medium investors are running after all public issues without even looking into details and fundamentals of the company in hope of getting good listing gains !!!

Reliance Nippon Asset Management IPO Detail : Important Dates, Offer Price, Grey Market Premium, Allotment Status, Listing, Registrar, Prospectus,

After good response to recent issues like D-Mart, HUDCO, CDSL, AU Small Finance Bank, Salasar Techno Engineering, Cochin Shipyard Limited, Dixon Technologies, etc, investors would be eagerly waiting for Reliance Nippon Life AMC IPO….

I am sure you might be searching for all details about Reliance Nippon Life IPO.

Reliance Nippon Life Company Profile :

Reliance Nippon Life Asset Management is India’s third-largest mutual fund manager. As of 31st March 2017, the company’s assets under management (AUM) stood at Rs 358,059 crore ($55.1 billion).

Reliance Nippon Life AMC acts as an adviser to India-focussed equity funds and fixed-income funds in Japan and South Korea. It also manages offshore funds through its subsidiaries in Singapore and Mauritius, catering to investors across Asia, the US and Europe.

The public issue comprises fresh issuance of 2.45 crore shares, besides an offer for sale of 1.12 crore shares by Reliance Capital and 2.55 crore shares by Nippon Life Insurance Company, as per the draft papers filed with the regulator.

Soon we will have more details about the company. Visit again.

Reliance Nippon Life AMC Promoters:

  1. Reliance Capital
  2. Nippon Life Insurance Co.

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Reliance Nippon Life Last 5 Years Financial Performance :

Reliance Nippon Life AM’s financial performance (in INR crore)
FY2013 FY2014 FY2015 FY2016 FY2017 Q1 FY2018
Total revenue 734.6 778.8 955.1 1,313.8 1,435.9 394.8
Total expenses 441.4 449.0 491.3 791.4 854.6 264.4
Profit after tax 230.4 270.6 354.5 396.4 402.8 87.8

Reliance Nippon Life IPO Detail :

Issue Open: October 25, 2017
Issue Type: Book Built Issue IPO
Issue Size: 61,200,000 shares
Face Value: Rs 10 Per Equity Share
Issue Price: Rs. 245 – Rs. 250 Per Equity Share
Market Lot: 60 Shares
Minimum Order Quantity: 60
Listing At: BSE, NSE

Important Dates of Reliance Nippon Life IPO :

Bid/Offer Opens On: October 25, 2017
Bid/Offer Closes On: October 27, 2017
Finalisation of Basis of Allotment: Details Yet to be Declared
Initiation of refunds: Details Yet to be Declared
Credit of Equity Shares to demat accounts: Details Yet to be Declared
Commencement of trading of the Equity Shares on the Stock Exchanges: Details Yet to be Declared

IPO Issue Allocation :

    • Qualified institutional buyers (QIBs) – 50% of the offer.
    • Non-institutional bidders – 15% of the offer.
    • Retail individual bidders – 35% of the offer.

Reliance Nippon Life Asset Management IPO Subscription Details :

Category Shares offered Subscription (no. of times)
Day 1 Day 2 Day 3
QIB
NII
Retail
Employees
Total

Download Red Herring Prospectus of Reliance Nippon Life IPO :

To Download Red Herring Prospectus of Reliance Nippon IPO Click Here

Grey Market Premium (GMP) of Reliance Nippon Life :

Market experts feel that Reliance Nippon has been fairly priced and being the first AMC to list on Indian stock exchanges, it will be in demand. The grey market premium of Reliance Nippon Life is around 20 – 25 Rs which may increase as the IPO comes near.

Company Contact Information :

Reliance Nippon Life Asset Management Limited 
Reliance Centre, 7th Floor, South Wing
Off Western Express Highway
Santacruz (E), Mumbai 400 055

Phone: +91 22 3303 1000
Fax: 
+91 22 3303 7662
Email:
deepak.mukhija@relianceada.com
Website: www.reliancemutual.com

Reliance Nippon Life IPO Registrar :

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
Fax:
 +91 40 2343 1551 
Email:
 reliancenippon.ipo@karvy.com
Website: www.karvycomputershare.com

Reliance Nippon Life IPO Lead Manager(s) :

  1. JM Financial
  2. CLSA
  3. Nomura
  4. Axis Capital

Reliance Nippon Life IPO Allotment Status :

You can check the allotment status i.e., whether you have got the shares of Reliance Nippon Life AMC or not by vising the website of Registrar of the Issue which in this case is Karvy Computershare.

Check Reliance Nippon Life AMC IPO Allotment Status @ Check Indian Energy Exchange (IEX) IPO Allotment Online