Reliance Nippon Life Asset Management Limited introduce its IPO which is scheduled from Oct 25, 2017. The company plans to raise Up to Rs. 1,542.24 Cr through this IPO with a price band of Rs 247 – Rs 252 Per Equity Share. The lot size of this IPO is for 59 shares. Investors can avail all related information like Price Band and Dates of the IPO, Company Profile, Allotment Status, Listing Dates etc.
The company was incorporated on February 24, 1995 at Ahmadabad in India. The company deals and manages mutual funds along with ETFs; managed accounts, including portfolio management services, alternative investment funds and pension funds; and offshore funds. It is one of the largest asset management Company. It is operating its services via 171 branches and approximately 58,000 distributors including banks, financial institutions, national distributors and independent financial advisors in India. High net worth individuals and institutional investors including the Employees’ Provident Fund Organization (“EPFO”) and Coal Mines Provident Fund Organization (“CMPFO”) are the major clients of the firm. Reliance AIF Management Company Limited (the subsidiary of the company) handles two alternative investment funds, which are privately pooled investment vehicles registered with SEBI. Further, it received a certificate of commencement of business as a pension fund manager from the Pension Fund Regulatory and Development Authority (“PFRDA”) in 2009 and manages pension assets under the National Pension System (“NPS”).
The company is managing its offshore funds through its subsidiaries in Singapore and Mauritius. The firm facilitates its investors across Asia, Middle East, UK, US, and Europe through its office based in Dubai.
Summary of Issue:
|Issue Open:-||Oct 25, 2017 – Oct 27, 2017|
|Issue Type||100% Book Built Issue IPO|
|Issue Size (Shares)||61,200,000 Equity Shares|
|Issue Size in (Value)||Up to Rs. 1,542.24 Cr|
|Face Value||Rs. 10 Per Equity Share|
|Issue Price||Rs 247 – Rs 252 Per Equity Share|
|Market lots||59 Shares|
|Minimum Order Quantity||59 Shares|
|Listing At||BSE, NSE|
|Particular||Number Of Equity Shares|
|Fresh Issue of||Equity Shares aggregating up to 2,44,80,000|
|Offer For sale of||Up to 36,720,000 Equity Shares by existing shareholders|
Important dates for Allotment Status of Reliance Nippon Life Asset Management Limited IPO
- The Allotment date for Reliance Nippon Life Asset Management Limited IPO issue is expected to be November 01, 2017
- The amount will get unblocked on November 02, 2017
- The Shares are expected to credited in DP accounts on November 02, 2017
- The Shares of Reliance Nippon Life Asset Management islikely to be listed on November 03, 2017 on both BSE and NSE.
Check Reliance Nippon Life Asset Management Limited IPO Allotment Status
One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-
- Click on the given link See Allotment Status here
- Go to Application Status
- Select IPO as Reliance Nippon Life IPO
- Enter your PAN Number or Application Id or DP Client Id.
It takes little time to fetch information so you need to be little patient.
To Download Application Form click here
To Invest In IPO, Submit Details Below: