IPO
Explore our secure online trading, IPO bidding, mutual fund investments, and depository services, all designed to provide seamless transactions, expert insights, and real-time market access for smart investing
Nippon Life India Asset Management Ltd
Nippon Life India Asset Management Ltd
Registered Office : 4th Flr Tower A Peninsula Busi,Ganapatrao Kadam Marg L P (W),Mumbai Maharashtra 400013 Phone : 91-22-68087000
Fax : 91-22-68087097
Email : nilufer.Shekhawat@relianceada.com
Website : https://mf.nipponindiaim.com
Initial public offering of 61,200,000 equity shares of face value of Rs.10 ("Equity Shares") of Reliance Nippon Life Asset Management Ltd ("Company" or "Issuer") for cash at a price of Rs.252 per equity share including a share premium of Rs. 242 per equity share (The "Offer Price"), aggregating to Rs. 1542.24 Crores (The "Offer") comprising a fresh issue of 24,480,000 equity shares by the company aggregating up to Rs. 616.90 Crores (The "Fresh Issue") and an offer for sale of 36,720,000 equity shares aggregating to Rs.925.34 Crores by the selling shareholders. The offer shall constitute 10% of the Post-Offer paid-up equity share capital of the company. The anchor investor offer price is Rs.252 per equity share. The face value of the equity share is Rs.10. The offer price is Rs.252 per equity share and is 25.20 times the face value of the equity share.
Opens On
Closes On
25-Oct-2017
27-Oct-2017
Application
Allotment
252.00
0.00
Minimum Application for shares in Nos : 59.0 Further Multiples of : 59.0
₹Cr
Lead Managers to the Issue
Project Cost (₹.Cr)
Project Financed through Current Offer (₹.Cr)
Post Issue Equity Share Capital (₹.Cr)
Issue Price (₹.Cr)
616.90
1,542.24
612.00
252.00
Axis Capital Ltd
CLSA India Pvt Ltd
Edelweiss Financial Services Ltd
IIFL Holdings Ltd
JM Financial Institutional Securities Ltd
Nomura Financial Advisory & Securities (I) Pvt Ltd
SBI Capital Markets Ltd
Yes Securities (India) Ltd
- Setting up new branches and relocating certain existing branches
- Upgrading the IT System
- Advertising, marketing and brand Building activities
- Lending to the subsidiary (Reliance AIF) for investment of continuing interest in the new AIF scheme managed by Reliance AIF
- Investing towards the continuing interest in new mutual scheme managed by us
- Funding inorganic growth and strategic initiatives
- General Corporate Purposes
- Reliance Capital Ltd
- Nippon Life Insurance Company
- BSE
- NSE
- KFin Techologies Ltd