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Reliance Nippon Life IPO Subscription Details (Live Status)

Reliance Nippon Life IPO Details

Issue Open Oct 25, 2017
Issue Close Oct 27, 2017
IPO Price ₹252
Face Value ₹10
IPO Size ₹1,542.24 Cr
Listing At BSE, NSE
IPO Lot Size 59
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Reliance Nippon Life IPO Subscription Status Live

Reliance Nippon Life IPO subscribed 81.54 times. The public issue subscribed 5.65 times in the retail category, 118.40 times in QIB, and 209.44 times in the NII category by Oct 27, 2017.

Investor CategorySubscription (times)
Qualified Institutions118.40
Non-Institutional Buyers209.44
Retail Investors5.65
Employees[.]
Others[.]
Total81.54

Reliance Nippon Life IPO Subscription Details (times)

DateQIBNIIRetailTotal
Day 1
Oct 25, 2017
6.1311.380.904.64
Day 2
Oct 26, 2017
9.8016.162.387.45
Day 3
Oct 27, 2017
118.40209.445.6581.54

Reliance Nippon Life IPO Shares Offered

Reliance Nippon Life IPO is a public issue of 42,840,000 equity shares. The issue offers 21,420,000 shares to retail investors, 12,240,000 shares to qualified institutional buyers, and 9,180,000 shares to non-institutional investors.

CategoryShares OfferedAmount (Rs Cr) Size (%)
QIB12,240,000308.4528.57%
NII9,180,000231.3421.43%
Retail21,420,000539.7850.00%
Total42,840,0001,079.57100%

IPO Investor Categories

  • Qualified Institutional Buyers (QIB)

    Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.

  • Non-Institutional Investors(NII)

    Individual investors, NRIs, companies, trusts, etc who bid for more than Rs 2 lakhs are known as Non-institutional bidders or NII. They need not register with SEBI like QIIs. On 1st May 2022, SEBI introduced a new sub-category as Small NII for applications between Rs 2 lakhs to Rs 10 lakhs.

  • Retail Individual Investors(RII)

    The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.

  • Employee (EMP)

    A category of eligible employees who have a reserved quota in the IPO.

  • Others

    A category of eligible shareholders or other investors who have a reserved quota in the IPO.

Disclaimer: The subscription data is taken from the NSE and BSE websites. They are subject to change on a real-time basis. The subscription data provided are for information purposes only and provided by Chittorgarh.com on an 'AS IS' and 'AS AVAILABLE' basis and without warranty, express or implied. Our website does not guarantee or warrant the accuracy, adequacy, or completeness of the information received through the said websites. Chittorgarh.com holds no responsibility of any kind as regards any discrepancies, errors, omissions, losses, or damages. Chittorgarh.com including its affiliates and any of its directors, and employees, shall not be liable for any loss, or damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of data received. The recipient alone shall be fully responsible / are liable for any decision taken based on such information/data. All recipients should before acting upon the said information make their investigation, and seek appropriate professional advice.

Reliance Nippon Life IPO Subscription FAQs

The Reliance Nippon Life IPO is subscribed 81.54 by Oct 27, 2017.

Reliance Nippon Life IPO Subscription

Investor CategorySubscription (times)
Qualified Institutional118.40
Non Institutional209.44
Retail Individual5.65
Employee Reservations[.]
Others[.]
Total Subscription81.54

Retail category of Reliance Nippon Life IPO subscribed 5.65 times as of date Oct 27, 2017. The public issue closes on Oct 27, 2017 for bidding.

An investor can apply in Reliance Nippon Life IPO online via bank (using ASBA) or the broker (using UPI). The Reliance Nippon Life IPO shares are offered online only.

The Reliance Nippon Life IPO is subscribed 81.54 by Oct 27, 2017.

The Reliance Nippon Life IPO allotment status is expected on or around Nov 1, 2017. Visit Reliance Nippon Life IPO allotment status to check.

The Reliance Nippon Life IPO listing date is Monday, November 6, 2017. The equity share of Reliance Nippon Life Asset Management Ltd will list on BSE, NSE.

Visit Reliance Nippon Life IPO subscription status page for real-time bidding information about Reliance Nippon Life IPO.

Reliance Nippon Life IPO Timetable

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