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.

Reliance Nippon Life IPO Details

IPO Opening DateOct 25, 2017
IPO Closing DateOct 27, 2017
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹247 to ₹252 per equity share
Market Lot59 Shares
Min Order Quantity59 Shares
Listing AtBSE, NSE
Issue Size61,200,000 Eq Shares of ₹10
(aggregating up to ₹1,542.24 Cr)
Fresh Issue24,480,000 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)
Offer for Sale36,720,000 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)

Reliance Nippon Life IPO Tentative Timetable

The Reliance Nippon Life IPO open date is Oct 25, 2017, and the close date is Oct 27, 2017. The issue may list on Nov 6, 2017.

IPO Open DateOct 25, 2017
IPO Close DateOct 27, 2017
Basis of Allotment DateNov 1, 2017
Initiation of RefundsNov 3, 2017
Credit of Shares to Demat AccountNov 3, 2017
IPO Listing DateNov 6, 2017

Reliance Nippon Life IPO Lot Size

The Reliance Nippon Life IPO market lot size is 59 shares. A retail-individual investor can apply for up to 13 lots (767 shares or ₹193,284).

ApplicationLotsSharesAmount (Cut-off)
Minimum159₹14,868
Maximum13767₹193,284

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 Subscription Status (Bidding Detail)

The Reliance Nippon Life IPO is subscribed 81.54x times on Oct 27, 2017 23:30. The public issue subscribed 5.65x in the retail category, 118.40x in the QIB category, and 209.44x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

118.40x

NII

209.44x

RII

5.65x

Total

81.54x

Reliance Nippon Life IPO Prospectus

Reliance Nippon Life IPO Rating

1577
3.9
Rating:Rated 3.9 stars

Vote Here ...

Reliance Nippon Life IPO Listing Date

Listing DateMonday, November 6, 2017
BSE Script Code540767
NSE SymbolRNAM
Listing InB
ISININE298J01013
IPO Price₹252 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

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

Reliance Nippon Life IPO Reviews / Ratings

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
Email: deepak.mukhija@relianceada.com
Website: https://www.reliancemutual.com/

Reliance Nippon Life IPO Registrar

KFintech Private Limited
   Selenium Building, Tower-B, Plot No 31 & 32,
   Financial District,Nanakramguda, Serilingampally,
   Rangareddi, Telangana India - 500 032.

Phone: 1-800-3454001
Email: reliancenippon.ipo@karvy.com
Website: https://karisma.kfintech.com/

Reliance Nippon Life IPO FAQs

  1. What is Reliance Nippon Life IPO?

    Reliance Nippon Life IPO is a main-board IPO of 61,200,000 equity shares of the face value of ₹10 aggregating up to ₹1,542.24 Crores. The issue is priced at ₹247 to ₹252 per equity share. The minimum order quantity is 59 Shares.

    The IPO opens on Oct 25, 2017, and closes on Oct 27, 2017.

    KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. When Reliance Nippon Life IPO will open?

    The Reliance Nippon Life IPO opens on Oct 25, 2017 and closes on Oct 27, 2017.

  3. What is the lot size of Reliance Nippon Life IPO?

    Reliance Nippon Life IPO lot size is 59 Shares and the minimum order quantity is 59 Shares.

  4. How to apply for Reliance Nippon Life IPO?

    You can apply in Reliance Nippon Life IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  5. When Reliance Nippon Life IPO allotment?

    The finalization of Basis of Allotment for Reliance Nippon Life IPO will be done on Nov 1, 2017, and the allotted shares will be credited to your demat account by Nov 3, 2017. Check the Reliance Nippon Life IPO allotment status.

  6. When is Reliance Nippon Life IPO listing date?

    The Reliance Nippon Life IPO listing date is on Monday, November 6, 2017.

Reliance Nippon Life IPO Message Board

Ranked Members  Ranked Members

Loading...
1468. sivaadiraju |Nov 29, 2017 22:05
Application No.:8260969

Axis bank. still my money is blocked. Who is point of contact.??
1467. dhruv patel |Nov 29, 2017 11:03
Can this share touch 300? Can hold this shar ?

1467.1. Suraj Tank |Nov 29, 2017 15:41
No
1466. Sunder |Nov 22, 2017 21:05
RTA Site is awefully bad. Not opening at all.
Why go for an unknown RTA
1465. P M |Nov 16, 2017 18:00
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Today makes new all time low ------------ NSE - 237.25
1464. Praveen RJ |Nov 16, 2017 15:30
This was a fantastic bounce back. RNAM will reach target of 300+ because of huge accumulation at lower levels. A good trick for retailers
1463. RJ Rocks |Nov 16, 2017 12:55
What a bounce back.
I have burned my hands in Rcom but
Right now holding my 2 lots of Reliance Nippon tightly.
1462. NRI Investor |Nov 16, 2017 12:24
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Gayi Bhens Paani mein... ha ha ha. Thank god booked profit @ 290
1461. Simsa |Nov 16, 2017 11:32
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?
1460. Ajkota |Nov 16, 2017 11:02
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
1459. Mumbai DON |Nov 15, 2017 22:39
Top Contributor Top Contributor (200+ Posts, 200+ 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 .
1459.1. Solution of Queries |Nov 16, 2017 10:05
IPO Guru IPO Guru (1100+ Posts, 1400+ Likes)
yes ADAG group other companies issues will affect reliance nippon price also......already affected so much.......!! from listing day
1458. Solution of Queries |Nov 15, 2017 15:41
IPO Guru IPO Guru (1100+ Posts, 1400+ 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.........
1458.1. CA Pratik |Nov 16, 2017 00:02
Sold all lots in Pre-open 295.90Rs
1458.2. Dhan Ki Baat |Nov 16, 2017 08:54
IPO Mentor IPO Mentor (500+ Posts, 500+ 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 Rs 199 in panic selling
1457. Thakur Prasad |Nov 15, 2017 22:32
@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.
1456. M Learner |Nov 14, 2017 13:03
@Gambleji & @Septa Ji please suggest what to do hold or sell. Will it come to 300 ?
1456.3. gamble |Nov 14, 2017 22:41
IPO Guru IPO Guru (1600+ Posts, 3900+ 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.

1456.4. Thakur Prasad |Nov 15, 2017 22:30
@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.
1455. s.selvam |Nov 15, 2017 12:24
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
1455.1. Shivajee |Nov 15, 2017 21:29
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.!!



1454. Suraj Tank |Nov 15, 2017 18:47
Humara swaagat ab karoge ko nahi ;)
1453. P M |Nov 15, 2017 17:49
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)

Today makes new low below Issue price ------------ NSE - 248.10 ---------------- BSE - 248.00
Closed @ ------------------------------------------------- NSE - 253.50 ---------------- BSE - 254.20
1452. Jaymin bhatt |Nov 15, 2017 16:06
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
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
1451. Akhu |Nov 15, 2017 14:26
Breaks ipo price touched 250
1450. Suraj Tank |Nov 14, 2017 16:16
Told everyone to sell it on listing itself. And that it will be available at 270 in a week.
1450.1. Solution of Queries |Nov 15, 2017 10:03
IPO Guru IPO Guru (1100+ Posts, 1400+ Likes)
268 now....ha ha
1450.2. kumar babu |Nov 15, 2017 11:43
It will come down to 250! and fresh buying seen at that point !!!
1449. Lahari |Nov 15, 2017 09:34
Top Contributor Top Contributor (300+ Posts, 300+ 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.








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