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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.

Reliance Nippon Life IPO Details

Issue OpenOct 25, 2017 - Oct 27, 2017
Issue TypeBook Built Issue IPO
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)
Face Value₹10 Per Equity Share
Issue Price₹247 - ₹252 Per Equity Share
Market Lot59 Shares
Min Order Quantity59 Shares
Listing AtBSE, NSE

Reliance Nippon Life IPO Tentative Date / Timetable

Bid/Offer Opens OnOct 25, 2017
Bid/Offer Closes OnOct 27, 2017
Finalisation of Basis of AllotmentNov 1, 2017
Initiation of RefundsNov 3, 2017
Credit of Shares to Demat AcctNov 3, 2017
IPO Shares Listing DateNov 6, 2017

Reliance Nippon Life IPO Lot Size and Price (Retail)

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)

Reliance Nippon Life IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Total

Shares Offered

12,240,000

9,180,000

21,420,000

42,840,000

Oct 27, 2017 23:30

118.40x

209.44x

5.65x

81.54x

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 DateMonday, November 6, 2017
BSE Script Code540767
NSE SymbolRNAM
Listing InB
ISININE298J01013
Issue Price₹252 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
Issue 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

Karvy Computershare Private Limited
   Karvy Registry House, 8-2-596, St. No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

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

Reliance Nippon Life IPO FAQs

  1. 1. What is Reliance Nippon Life IPO?

    Reliance Nippon Life IPO is an main-board initial public offering of 61,200,000 equity shares of the face value of ₹10 aggregating up to ₹1,542.24 Crores.

    The issue price of the IPO is ₹247 - ₹252 Per Equity Share. The minimum order quantity is 59 Shares per application and the offer type is Book Built Issue.

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

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

  2. 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. 3. How to apply for Reliance Nippon Life IPO?

    Reliance Nippon Life IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. 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.

  5. 5. When is Reliance Nippon Life IPO listing date?

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

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Reliance Nippon Life IPO Review / Comments

sivaadiraju
1468. sivaadiraju  Nov 29, 2017 21:05 I Like It. | Report Abuse
Application No.:8260969

Axis bank. still my money is blocked. Who is point of contact.??
dhruv patel
1467. dhruv patel  Nov 29, 2017 10:03 I Like It. | Report Abuse
Can this share touch 300? Can hold this shar ?

Suraj Tank
1467.1. Suraj Tank  Nov 29, 2017 14:41 I Like It. | Report Abuse
No
Sunder
1466. Sunder  Nov 22, 2017 20:05 I Like It. | Report Abuse
RTA Site is awefully bad. Not opening at all.
Why go for an unknown RTA
P M
1465. P M  Nov 16, 2017 17:00 I Like It. | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 1000+ Likes)
Today makes new all time low ------------ NSE - 237.25
Praveen RJ
1464. Praveen RJ  Nov 16, 2017 14:30 I Like It. 1 | Report Abuse
This was a fantastic bounce back. RNAM will reach target of 300+ because of huge accumulation at lower levels. A good trick for retailers
RJ Rocks
1463. RJ Rocks  Nov 16, 2017 11:55 I Like It. | Report Abuse
What a bounce back.
I have burned my hands in Rcom but
Right now holding my 2 lots of Reliance Nippon tightly.
NRI Investor
1462. NRI Investor  Nov 16, 2017 11:24 I Like It. 2 | Report Abuse
Gayi Bhens Paani mein... ha ha ha. Thank god booked profit @ 290
Simsa
1461. Simsa  Nov 16, 2017 10:32 I Like It. 2 | Report Abuse
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?
Ajkota
1460. Ajkota  Nov 16, 2017 10:02 I Like It. | Report Abuse
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
Mumbai DON
1459. Mumbai DON  Nov 15, 2017 21:39 I Like It. | Report Abuse
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 .
Solution of Queries
1459.1. Solution of Queries  Nov 16, 2017 09:05 I Like It. | Report Abuse
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
Solution of Queries
1458. Solution of Queries  Nov 15, 2017 14:41 I Like It. 3 | Report Abuse
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.........
CA Pratik
1458.1. CA Pratik  Nov 15, 2017 23:02 I Like It. | Report Abuse
Sold all lots in Pre-open 295.90₹
Dhan Ki Baat
1458.2. Dhan Ki Baat  Nov 16, 2017 07:54 I Like It. | Report Abuse
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 ₹199 in panic selling
Thakur Prasad
1457. Thakur Prasad  Nov 15, 2017 21:32 I Like It. | Report Abuse
@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.
M Learner
1456. M Learner  Nov 14, 2017 12:03 I Like It. | Report Abuse
@Gambleji & @Septa Ji please suggest what to do hold or sell. Will it come to 300 ?
gamble
1456.3. gamble  Nov 14, 2017 21:41 I Like It. 1 | Report Abuse
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.

Thakur Prasad
1456.4. Thakur Prasad  Nov 15, 2017 21:30 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.
s.selvam
1455. s.selvam  Nov 15, 2017 11:24 I Like It. 1 | Report Abuse
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
Shivajee
1455.1. Shivajee  Nov 15, 2017 20:29 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.!!



Suraj Tank
1454. Suraj Tank  Nov 15, 2017 17:47 I Like It. 1 | Report Abuse
Humara swaagat ab karoge ko nahi ;)
P M
1453. P M  Nov 15, 2017 16:49 I Like It. | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 1000+ Likes)

Today makes new low below Issue price ------------ NSE - 248.10 ---------------- BSE - 248.00
Closed @ ------------------------------------------------- NSE - 253.50 ---------------- BSE - 254.20
Jaymin bhatt
1452. Jaymin bhatt  Nov 15, 2017 15:06 I Like It. 1 | Report Abuse
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
Akhu
1451. Akhu  Nov 15, 2017 13:26 I Like It. | Report Abuse
Breaks ipo price touched 250
Suraj Tank
1450. Suraj Tank  Nov 14, 2017 15:16 I Like It. 1 | Report Abuse
Told everyone to sell it on listing itself. And that it will be available at 270 in a week.
Solution of Queries
1450.1. Solution of Queries  Nov 15, 2017 09:03 I Like It. | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 1400+ Likes)
268 now....ha ha
kumar babu
1450.2. kumar babu  Nov 15, 2017 10:43 I Like It. | Report Abuse
It will come down to 250! and fresh buying seen at that point !!!
Lahari
1449. Lahari  Nov 15, 2017 08:34 I Like It. | Report Abuse
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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