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Reliance Nippon Life Asset Management Ltd IPO (Reliance AMC IPO)

Reliance Nippon Life Asset Management Ltd IPO (Reliance AMC IPO) Details:

Reliance Nippon Life Asset Management Ltd manages equity and fixed income mutual funds for its clients. It also manages exchange traded funds for its clients. The firm invests in the public equity markets.

Reliance Nippon Life Asset Management Ltd was founded in 1995 and is based in Ahmedabad, India. Reliance Nippon Life Asset Management Ltd operates as a subsidiary of Reliance Capital Limited.

OBJECTS OF THE ISSUE:

Offer for Sale:

The Promoter Selling Shareholders propose to sell an aggregate of up to 36,720,000 Equity Shares held by them. Company will not receive any proceeds from the Offer for Sale.

Objects of the Fresh Issue:

The objects for which Company intends to use the Net Proceeds are as follows:

  1. Setting up new branches and relocating certain existing branches;
  2. Upgrading the IT system;
  3. Advertising, marketing and brand building activities;
  4. Lending to Subsidiary (Reliance AIF) for investment as continuing interest in the new AIF schemes managed by Reliance AIF;
  5. Investing towards continuing interest in new mutual fund schemes managed by company;
  6. Funding inorganic growth and other strategic initiatives;
  7. Meeting expenses towards general corporate purposes.

Reliance Nippon Life Asset Management Ltd IPO (Reliance AMC IPO) Details:

  1. Issue Open: Oct 25, 2017 – Oct 27, 2017
  2. Issue Type: Book Built Issue IPO
  3. Face Value: Rs 10 Per Equity Share
  4. Issue Size: 61,200,000 Equity Shares of Rs 10 aggregating up to Rs 1542.24 Cr
  5. Issue Price: Rs 247 – Rs 252 Per Equity Share
  6. Market Lot: 59 Equity Shares
  7. Minimum Order Quantity: 59 Equity Shares
  8. Listing At: BSE, NSE

* To Be Updated

BOOK RUNNING LEAD MANAGERS Of Reliance Nippon Life Asset Management Ltd IPO (Reliance AMC IPO):

JM Financial Institutional Securities Limited
7th Floor, Cnergy, Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025, Maharashtra, India
Tel: +91 22 6630 3030  Fax: +91 22 6630 3330
E-mail: rnam.ipo@jmfl.com
Investor grievance E-mail: grievance.ibd@jmfl.com

CLSA India Private Limited
8/F, Dalamal House, Nariman Point
Mumbai 400 021, Maharashtra, India
Tel: +91 22 6650 5050  Fax: +91 22 2284 0271
E-mail: rnlam.ipo @citicclsa.com
Investor grievance E-mail: investor.helpdesk@clsa.com

Nomura Financial Advisory and Securities (India) Private Limited
Ceejay House, Level 11, Plot F, Shivsagar Estate
Worli, Mumbai 400 018, Maharashtra, India
Tel: +91 22 4037 4037 Fax: +91 22 4037 4111
E-mail: rnlamipo@nomura.com
Investor grievance E-mail: investorgrievancesin@nomura.com

Axis Capital Limited
1st Floor, Axis House, C-2, Wadia International Centre
P.B. Marg, Worli, Mumbai 400 025, Maharashtra, India
Tel: + 91 22 4325 2183 Fax: +91 22 4325 3000
E-mail: rnam@axiscap.in
Investor grievance E-mail: complaints@axiscap.in

Edelweiss Financial Services Limited
14th Floor, Edelweiss House
Off. C.S.T Road, Kalina
Mumbai 400 098, Maharashtra, India
Tel: +91 22 4009 4400  Fax: +91 22 4086 3610
E-mail: rnlam.ipo@edelweissfin.com
Investor Grievance E-mail: customerservice.mb@edelweissfin.com

IIFL Holdings Limited
10th Floor, IIFL Centre
Kamala City, Senapati Bapat Marg
Lower Parel (West), Mumbai 400 013, Maharashtra, India
Tel: +91 22 4646 4600  Fax: +91 22 2493 1073
E-mail: rnam.ipo@iiflcap.com
Investor grievance email: ig.ib@iiflcap.com

SBI Capital Markets Limited
202, Maker Tower E, Cuffe Parade
Mumbai 400 005, Maharashtra, India
Tel: +91 22 2217 8300 Fax: +91 22 2218 8332
E-mail: rnlam.ipo@sbicaps.com
Investor Grievance E-mail: investor.relations@sbicaps.com

YES Securities (India) Limited
IFC, Tower 1&2, Unit No. 602 A, 6th floor
Senapati Bapat Marg, Elphinstone (W)
Mumbai 400 013, Maharashtra, India
Tel: +91 22 7100 9829  Fax: +91 22 2421 4508
E-mail: relamc.ipo@yessecuritiesltd.in
Investor grievance e-mail: igc@yessecuritiesltd.in

REGISTRAR TO THE OFFER of Reliance Nippon Life Asset Management Ltd IPO (Reliance AMC IPO):

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32, Gachibowli
Financial District, Nanakramguda, Hyderabad 500 032, India
Tel: +91 40 6716 2222  Fax: +91 40 2343 1551
E-mail: einward.ris@karvy.com
Investor Grievance E-mail: reliancenippon.ipo@karvy.com

Reliance Nippon Life Asset Management Ltd IPO (Reliance AMC IPO) Draft Red Herring Prospectus (DRHP):

Reliance Nippon Life Asset Management Ltd (Reliance AMC) IPO Prospectus

Red Herring Prospectus (RHP) Of Reliance Nippon Life Asset Management Ltd IPO (Reliance AMC IPO):

Reliance Nippon Life Asset Management Ltd (Reliance AMC) IPO Prospectus

Reliance Nippon Life Asset Management Ltd IPO (Reliance AMC IPO) Subscription Figures:

Reliance Nippon Life Asset Management Ltd (Reliance AMC) IPO Subscription Details
CategoryTotal Quota
(No. of Shares offered)
Subscription (No. of times Subscribed)
Day 1Day 2Day 3
Qualified Institutional Buyers (QIBs)12240000 6.139.80 118.40
Non Institutional Investors (NIIs)918000011.3816.16209.44
Retail21420000 0.90 2.385.63
Employees 0 0.00 0.00 0.00
Total42840000 4.647.4581.53

Reliance Nippon Life Asset Management Ltd IPO (Reliance AMC IPO) Allotment and Listing Dates Schedule:

  • 25/Oct/17 – Bid/Offer Opening Date
  • 27/Oct/17 – Bid/Offer Closing Date
  • 01/Nov/17 – Finalisation of Basis of Allotment
  • 03/Nov/17 – Unblocking of Funds from ASBA Account
  • 03/Nov/17 – Credit of Equity Shares to Demat Account
  • 06/Nov/17 – Commencement of Trading on NSE/BSE

* To Be Updated

Reliance Nippon Life Asset Management Ltd IPO (Reliance AMC IPO) Grey Market Premium (GMP):

Current Grey Market Premium (GMP) Of Reliance Nippon Life Asset Management Ltd (RNAM) IPO  is trading between Rs 60 – Rs 70 per equity share.

How To Check Reliance Nippon Life Asset Management Ltd IPO (Reliance AMC IPO) Application Status:

To clear that doubt and to check Reliance Nippon Life Asset Management Ltd (Reliance AMC) IPO  application status just use the below links and you can check it as follow:

Check Reliance Nippon Life Asset Management Ltd (Reliance AMC) IPO Application Status at BSE:  BSE Website

Check Reliance Nippon Life Asset Management Ltd (Reliance AMC) IPO Application Status at NSE NSE Website

To Check Reliance Nippon Life Asset Management Ltd IPO (Reliance AMC IPO) Application Status:

  1. Click on Links provided above
  2. Select Reliance Nippon Life Asset Management Ltd IPO (Reliance AMC IPO) from the drop Down Menu.
  3. Provide your PAN Number.
  4. Provide your Application Number.
How To Check Reliance Nippon Life Asset Management Ltd IPO (Reliance AMC IPO) Allotment Status:

To Check Reliance Nippon Life Asset Management Ltd (Reliance AMC) IPO Allotment Status : Click Here

  1. Select Reliance Nippon Life Asset Management Ltd IPO (Reliance AMC IPO) from the first drop Down Menu
  2. Select PAN Card from the second drop Down Menu
  3. Provide your PAN Number.

Market Update:

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While MAS Financial Services Ltd (MFSL) IPO Grey Market Premium (GMP) is trading between Rs 215 – Rs 225 per equity share.

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While Indian Energy Exchange Ltd (IEX) IPO Grey Market Premium (GMP) is not trading as of now.

General Insurance Corporation of India IPO (GIC RE IPO) is going to be active from October 11, 2017 – October 13, 2017.

General Insurance Corporation Of India (GIC RE) IPO Grey Market Premium (GMP) is trading at discount of Rs 20 – Rs 25 per equity share.

Reliance Nippon Life Asset Management Ltd IPO (Reliance AMC IPO) is going to be active from October 25, 2017 – October 27, 2017.

While Reliance Nippon Life Asset Management Ltd (Reliance AMC) IPO Grey Market Premium (GMP) is trading between Rs 35 – Rs 45 per equity share.

Some SME IPO will also be active in market in coming week.

This year we can see some good IPO hitting market like NSE Ltd IPOHDFC Standard life insuranceSBI life insurance IPO etc.

Keep watching this blog to keep yourself updated with all the news.

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