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

Oct 25, 2017 - Oct 27, 2017

Incorporated in 1995, Reliance Nippon Life Asset Management Ltd is Mumbai, India based asset management company. Company has market share of over 11.4% in mutual funds offerings in India. Reliance Nippon Life is ranked the 2nd most profitable asset management company in India.

Company is promoted by Reliance Capital Limited. Reliance Capital is an RBI registered non-banking finance company with business interests including in asset management and mutual funds, life, health and general insurance, commercial and home finance, stock broking, wealth management services, distribution of financial products, asset reconstruction and proprietary investments. Reliance Capital Limited is a part of Reliance Group led by Mr. Anil D. Ambani.

Nippon Life Insurance Company, one of the leading private life insurers in Japan is the co-promoter of the company. Nippon Life offers a wide range of financial products, including individual and group life and annuity policies. Company has assets of over USD 577.00 billion.

Reliance Nippon Life is involved in managing:
1. Mutual funds (including ETFs);
2. Managed accounts, including portfolio management services, alternative investment funds (AIFs) and pension funds; and
3. Offshore funds and advisory mandates.

Company manages 55 open-ended mutual fund schemes including 16 ETFs and 174 closed ended schemes. Company has a network of 171 branches and over 58,000 distributors including banks, financial institutions, national distributors and independent financial advisors as of June 30, 2017.

Company Strengths:
1. Third largest asset management company in India backed by strong promoters.
2. Strong presence across India
3. Well-diversified product suite across mutual funds and ETFs, managed accounts and offshore funds and advisory mandates.

Company Promoters:

The Promoters of the Company are:

1. Reliance Capital Limited; and
2. Nippon Life Insurance Company

Company Financials:

Summary of financial Information (Consolidated)
Particulars For the year/period ended (in Rs. million)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 20,198.10 18,857.91 16,629.97 16,812.08 15,087.00
Total Revenue 14,004.38 12,710.70 9,301.15 7,840.26 7,126.74
Profit After Tax 4,055.70 3,901.24 3,495.94 3,023.01 1,989.60

Objects of the Issue:

The Offer consists of the Fresh Issue and the Offer for Sale. Company will not receive any proceeds from the Offer for Sale.

The objects for which the 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 our Subsidiary (Reliance AIF) for investment as continuing interest in the new AIF schemes
managed by Reliance AIF;
5. Investing towards our continuing interest in new mutual fund schemes managed by us;
6. Funding inorganic growth and other strategic initiatives; and
7. Meeting expenses towards general corporate purposes.

Issue Detail:

  »»  Issue Open: Oct 25, 2017 - Oct 27, 2017
  »»  Issue Type: Book Built Issue IPO
  »»  Issue Size: 61,200,000 Equity Shares of Rs 10 aggregating up to Rs 1,542.24 Cr
    ›  Fresh Issue of 24,480,000 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
    ›  Offer for Sale of 36,720,000 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 247 - Rs 252 Per Equity Share
  »»  Market Lot: 59 Shares
  »»  Minimum Order Quantity: 59 Shares
  »»  Listing At: BSE, NSE

Reliance Nippon Life Asset Management IPO raises Rs 462.67 Cr from Anchor Investors (subscribed 30+ times)

Date: 24th Oct 2017

Reliance Nippon Life Asset Management Limited IPO raises Rs 462.67 Cr from anchor investors which opened and closed today on October 24, 2017. The anchor book received overwhelming response for the investors as it was subscribed 30+ times. This is one of the largest anchor responses any company has received for its IPO in the recent past. Earlier sources has confirmed demand of 15,000+ Cr received from over 50 investors against anchor book size of Rs 462.67 Cr – allocation made to 24 investors.

Reliance Nippon Life Asset Management Limited attoted 18,360,000 shares to 24 anchor investors at the higher end of the IPO price band of Rs 252 per share.

The anchor issue was subscribed by following set of high quality and respectable names like:-

  • Large Sovereign Wealth Fund - Abu Dhabi Investment Authority, Kuwait Investment Authority
  • Foreign institutional investors - Fidelity International, Morgan Stanley, Eastspring Investments, Columbia Threadneedle Investments, Pictet, DE SHAW and Neuberger Berman
  • Top mutual fund houses - HDFC MF, Birla MF, SBI MF, UTI MF, DSP Blackrock MF, IDFC MF
  • Large private insurance companies - ICICI Prudential Life,Bajaj Allianz

Subscription highlights of Day 1 (October 25, 2017)

  • Reliance Nippon Life Asset Management (RNAM) IPO got fully subscribed within 60 seconds of its opening.
  • Highest ever subscription on Day 1 - Subscribed 4.64 times
  • Day 1 received 5,011.65 crores against issue size of 1,079.57 crore i.e. 4.64x subscription
  • All categories have been subscribed and ~261694 applications were received on Day 1
  • Day 1 reported Reliance Nippon Life Asset Management (RNAM) IPO to get oversubscribed at 4.64 times as against 1.35 times of Avenue Supermarts and 0.92 of Cochin Shipyard
  • The public issue will close on October 27. The company has fixed the price band at Rs 247-252 per equity share
  • Reliance Nippon Asset Management IPO subscription update @5.00pm EOD 1 - QIB 6.13x, NII 11.38 Retail 0.90x.
Issuer CompanyIssue SizeNo. of times subscribed on Day 1
Reliance Nippon Life Asset Management1,5424.64
AU Small Finance Bank1,9130.18
Avenue Supermarts1,8701.35
BSE 1,2430.50
Cochin Shipyard1,4430.92
Godrej Agrovet 1,1570.52
HUDCO 1,210 0.63
ICICI Lombard 5,6150.27
SBI Life Insurance 8,2200.09

Reliance Nippon Life IPO Reviews:

  1. Reliance Nippon Life Asset Management Ltd IPO review by Dilip Davda

Reliance Nippon Life IPO Recommendations:

Capital Market Review
SPA Research - Subscribe

Issue Subscription Detail / Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved12,240,0009,180,00021,420,00042,840,000
Day 1 - Oct 25, 2017 17:00 IST6.130011.38000.90004.6400
Day 2 - Oct 26, 2017 17:00 IST9.800016.16002.38007.4500
Day 3 - Oct 27, 2017 23:30 IST118.4000209.44005.650081.5400

Reliance Nippon Life IPO Prospectus

Reliance Nippon Life IPO Rating

1577
3.9
Rating:Rated 3.9 stars

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Reliance Nippon Life IPO Listing Date

  •   ›  Listing Date: Monday, November 6, 2017
  •   ›  BSE Script Code: 540767
  •   ›  NSE Symbol: RNAM
  •   ›  Listing In: B Group of Securities
  •   ›  ISIN: INE298J01013
  •   ›  Issue Price: Rs 252 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE
Rs 252.00
Rs 294.00
Rs 278.00
Rs 298.70
Rs 284.00
6,473,540
NSE
Rs 252.00
Rs 295.90
Rs 278.00
Rs 299.00
Rs 284.40
43,029,311

Reliance Nippon Life IPO News Alerts

  1. Monday, November 6, 2017 12:00:00 AM
    Reliance Nippon Life IPO - Listing
  2. Friday, October 27, 2017 12:00:00 AM
    Reliance Nippon Life Asset Management Ltd IPO - Close
  3. Wednesday, October 25, 2017 12:00:00 AM
    Reliance Nippon Life Asset Management Ltd IPO - Open

Company Contact Information

Reliance Nippon Life Asset Management Ltd
Reliance Centre, 7th Floor,
South Wing, Off Western Express Highway,
Santacruz (East), Mumbai 400 055,
Phone: + 91 22 3303 1000
Fax: +91 22 3303 7662
Email: deepak.mukhija@relianceada.com
Website: https://www.reliancemutual.com/

Reliance Nippon Life IPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy House, 46, Avenue 4, Street No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: reliancenippon.ipo@karvy.com
Website: http://karisma.karvy.com

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Reliance Nippon Life IPO Review / Comments

avatar
1461. P M  Nov 16, 2017 6:00:31 PM IST I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 700+ Likes)
Today makes new all time low ------------ NSE - 237.25
avatar
1460. Praveen RJ  Nov 16, 2017 3:30:04 PM IST I Like It. 1 | Report Abuse Reply
This was a fantastic bounce back. RNAM will reach target of 300+ because of huge accumulation at lower levels. A good trick for retailers
avatar
1459. RJ Rocks  Nov 16, 2017 12:55:46 PM IST I Like It. | Report Abuse Reply
What a bounce back.
I have burned my hands in Rcom but
Right now holding my 2 lots of Reliance Nippon tightly.
avatar
1458. NRI Investor  Nov 16, 2017 12:24:58 PM IST I Like It. 2 | Report Abuse Reply
Gayi Bhens Paani mein... ha ha ha. Thank god booked profit @ 290
avatar
1457. Simsa  Nov 16, 2017 11:32:48 AM IST I Like It. 2 | Report Abuse Reply
This is what I posted on Oct 14...and see what happened today to ADAG group on 16th November!!! Don''t believe "fake" advice...they try to misguide you...experience is the best teacher my friends!!!

49. Simsa Oct 14, 2017 12:48:50 PM IST I Like It. 1 | Report Abuse
TOPLINE - Past performance of the promoter DOES indicate the future performance of the company

BOTTOMLINE - Retail investors do not commit same mistake again & again

PE, CAGR, Intrinsic Value ....don''''t throw complicated words on retailers...

Give answer to simple question.

When will ADAG stop living on non promoter shareholders money?
avatar
1456. Ajkota  Nov 16, 2017 11:02:34 AM IST I Like It. | Report Abuse Reply
Anil Ambani has been cursed for Cheating he has done at the time of Reliance Power IPO.
All his companies will go down very soon
avatar
1455. Mumbai DON  Nov 15, 2017 10:39:51 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
ADAG group is in big debt now.
So if possible don''t hold any of this grp stock as still more correction vil cme definitely.
So new comers this is not the time to buy of ADAG group stocks.aft 10 to 15 days u vil get minimum 10% down from today''s price .
avatar
1455.1. Solution of Queries  Nov 16, 2017 10:05:33 AM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 1100+ Likes)
yes ADAG group other companies issues will affect reliance nippon price also......already affected so much.......!! from listing day
avatar
1454. Solution of Queries  Nov 15, 2017 3:41:36 PM IST I Like It. 3 | Report Abuse Reply
IPO Mentor IPO Mentor (900+ Posts, 1100+ Likes)
Hopefully most of retailers who applied for listing gains booked sufficient profits in reliance nippon already....

i booked in first one hour all my lots...!!

Now a days ipo''s only for first day listing gainsafter that some correction u can choose quality stocks for investment.........
avatar
1454.1. CA Pratik  Nov 16, 2017 12:02:54 AM IST I Like It. | Report Abuse
Sold all lots in Pre-open 295.90₹
avatar
1454.2. Dhan Ki Baat  Nov 16, 2017 8:54:46 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Now the question is should non-allotees get in the stock at 252. I think Yes. But I have not bought yet, will like to get in at ₹199 in panic selling
avatar
1453. Thakur Prasad  Nov 15, 2017 10:32:12 PM IST I Like It. | Report Abuse Reply
@Gamble sir/ Septa sir, i had relcap shares at 873 got same no. of shares of rhfl after demerger. I had asked for your suggestion weather combinely both shares will i be able to decrease my losses or even could it be possible to recover my capital. Now seeing the current scenario would you suggest to hold it more or should i exit now . I am in huge losses please help me sir. Please suggest anyone any help would be appreciated.
avatar
1452. M Learner  Nov 14, 2017 1:03:40 PM IST I Like It. | Report Abuse Reply
@Gambleji & @Septa Ji please suggest what to do hold or sell. Will it come to 300 ?
avatar
1452.3. gamble  Nov 14, 2017 10:41:16 PM IST I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1500+ Posts, 3000+ Likes)
1st investment in ADAG, seems interesting!!

1 yr view is more than enough in both for 1FD, even 10FD possible imo.

Mkt also came at some support level
either reversal @10150 - 9980 or shall sink below 9700,

But no problem in 1 yr investment.

avatar
1452.4. Thakur Prasad  Nov 15, 2017 10:30:11 PM IST I Like It. | Report Abuse
@Gamble sir i had relcap shares at 873 got same no. of shares of rhfl after demerger. I had asked for your suggestion weather combine both shares will i be able to decrease my losses or even could it be possible to recover my capital. Now seeing the current scenario would you suggest to hold it more or should i exit now . I am in huge losses please help me sir.
avatar
1451. s.selvam  Nov 15, 2017 12:24:16 PM IST I Like It. 1 | Report Abuse Reply
Thank u Mr.Shivajee on seeing your comments on listing day I have sold all allotted 59 shares at Rs.290.15 and exited in the counter on next day of listing. After all I am a small investor.Great escape.Thank u Mr.shivajee once again for your kind judgement and advise
avatar
1451.1. Shivajee  Nov 15, 2017 9:29:48 PM IST I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 100+ Likes)
Nandri Selvam..Today it has touched 250 range.For long term investor, he need not worry about fluctuations in a good share.

For traders and shorter term people, in my view, have to book profits then and there, especially in risky shares so that you can reenter at lower levels. I believe most traders are middle class and cannot afford to lose money. It is important to protect capital as well as make some profits...(otherwise, no use of participating in share market, right?)

2. Also, some profit booking encourages us. Keep watching as often as you can for lower price entry.

Each individual has different financial capablity and risk profile...so, have clear plan on managing your capital. Septa, Gamble, and some others are experts here who can help us.

Valthukkal nanbare.!!



avatar
1450. Suraj Tank  Nov 15, 2017 6:47:23 PM IST I Like It. 1 | Report Abuse Reply
Humara swaagat ab karoge ko nahi ;)
avatar
1449. P M  Nov 15, 2017 5:49:58 PM IST I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 700+ Likes)

Today makes new low below Issue price ------------ NSE - 248.10 ---------------- BSE - 248.00
Closed @ ------------------------------------------------- NSE - 253.50 ---------------- BSE - 254.20
avatar
1448. Jaymin bhatt  Nov 15, 2017 4:06:16 PM IST I Like It. 1 | Report Abuse Reply
RELIANCE NIPPON GOT LISTED ON 6TH nOVEMBER, sINCE THAT DAY NIFTY HAS NEVER CLOSED IN POSITIVE. THIS THE POWER OF ANIL AMBANI, WE ALL KNEW BUT UNDER ESTIMATED ITS IMPACT ON MKT
avatar
1447. Akhu  Nov 15, 2017 2:26:25 PM IST I Like It. | Report Abuse Reply
Breaks ipo price touched 250
avatar
1446. Suraj Tank  Nov 14, 2017 4:16:41 PM IST I Like It. 1 | Report Abuse Reply
Told everyone to sell it on listing itself. And that it will be available at 270 in a week.
avatar
1446.1. Solution of Queries  Nov 15, 2017 10:03:13 AM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 1100+ Likes)
268 now....ha ha
avatar
1446.2. kumar babu  Nov 15, 2017 11:43:27 AM IST I Like It. | Report Abuse
It will come down to 250! and fresh buying seen at that point !!!
avatar
1445. Lahari  Nov 15, 2017 9:34:17 AM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Rcom is main concern for Anil. If he will not pay the debt to banks he will become another Mallya.

Completely exited from ADAG Stocks and Debentures.

avatar
1444. IPO INFORMAR  Nov 14, 2017 1:13:26 PM IST I Like It. | Report Abuse Reply

Down by 15 % ( 271) in-spite of good result,Book Profit not good sign of recovery
avatar
1443. v for vendetta  Nov 14, 2017 10:56:28 AM IST I Like It. | Report Abuse Reply
Result was yesterday and it was good.
Today it fell from 288 to 270, why?
avatar
1442. k.broker  Nov 13, 2017 6:25:42 PM IST I Like It. | Report Abuse Reply
sir
i am applied 3 application at 1 bank a/c but 1application mony deduct my a/c & j am not found allotment please give me advise
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