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Open
25 Oct 2017
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Close
27 Oct 2017
3
Allotment
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Listing
Mon, Nov 6, 2017
Price Band
₹247 to ₹252
Issue Size
6,12,00,000 shares (agg. up to ₹1,542 Cr)
Lot Size
59 Shares
Listing Date
Mon, Nov 6, 2017
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 57.21x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2017 | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|---|
| Assets | 1,891.17 | 2,019.81 | 1,885.79 | 1,663.00 |
| Total Income | 378.15 | 1,400.44 | 1,271.07 | 930.12 |
| Profit After Tax | 83.44 | 405.57 | 390.12 | 349.59 |
| NET Worth | 1,653.47 | 1,870.30 | 1,765.00 | 1,518.75 |
| Reserves and Surplus | 1,611.95 | 1,828.78 | 1,723.48 | 1,477.48 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up new branches and relocating certain existing branches | 38.31 |
| 2 | Upgrading the IT system | 40.65 |
| 3 | Advertising, marketing and brand building activities | 72.09 |
| 4 | Lending to our Subsidiary (Reliance AIF) for investment of continuing interest in the new AIF schemes managed by Reliance AIF | 125.00 |
| 5 | Investing towards our continuing interest in new mutual fund schemes managed by us | 100.00 |
| 6 | Funding inorganic growth and strategic initiatives | 165.00 |
| 7 | General corporate purposes | 44.07 |
| Total | 585.11 |
About Reliance Nippon Life IPO
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 pensio
Contact Details
Reliance Nippon Life Asset Management Ltd. AddressReliance Centre, 7th FloorSouth Wing, Off Western Express HighwaySantacruz (East)Mumbai, Maharashtra, 400055+ 91 22 3303 1000deepak.mukhija@relianceada.comVisit Website