Thursday, October 12, 2017

Reliance Nippon Life IPO Dates, Price Band, Market Lot Details

Reliance Nippon Life Asset Management Ltd is coming up with Rs.2000 crore (approx) ipo in October. The company is led by Anil Ambani group. The fresh issue comes with 2.45 crore and offer for sale comprises 1.12 crore Reliance Capital shares + 2.55 crore of Nippon Life Insurance Company shares as mentioned in DRHP.  It has steady growth in last five years and it might be a good to go as of now.Reliance Nippon Life Asset Management is among top five asset management companies in India.

Reliance Nippon Life IPO Review:
  • Apply for Listing Gain & Long Term Gain
Reliance Nippon Life IPO Dates & Price Band: (Approx)
  • IPO Open: 25-October-2017
  • IPO Close: 27-October-2017
  • IPO Size: Approx Rs. 1542 Crore (Approx)
  • Face Value: Rs. 10 Per Equity Share
  • Price Band: Rs. 247 to 252 Per Share
  • Listing on: BSE & NSE
  • Retail Portion: 35%
  • Equity: 6,12,00,000 Shares
Reliance Nippon Life IPO Market Lot:
  • Shares: Apply for 59 Shares (Minimum Lot Size)
  • Amount: Rs. 14,868
Reliance Nippon Life IPO Allotment & Listing:
  • Basis of Allotment: 1-November
  • Refunds: 3-November
  • Credit to demat accounts: 3-November
  • Listing: 6-November
Reliance Nippon Life Financial:
Reliance Nippon Life has good growth since 2017 and it shows in below results. Their assets increased yoy but look at revenues its almost doubled in 2017 compare to 2013. The steady revenue gave steady PAT as well. It is doubled since 2013 while increased around 5% compared to 2016. It will be great to see the growth in next year how it will come but till now it looks good to go.

      Financial Results (Rs. in Crore)

2017 2016 2015 2014 2013
Assets 2020 1886 1663 1681 1509
Revenue 1400 1271 930 784 713
PAT 406 390 350 302 199

Company Promoters:
Quick Links:
DRHP Draft Prospectus

Reliance Nippon Life IPO Registrar:
Karvy Computershare Private Limited
Karvy Selenium Tower B Plot 31-32,
Gachibowli Financial District, Nanakramguda
Hyderabad 500 032, India
Tel: +91 40 6716 2222
Fax: +91 40 2343 1551
Investor Grievance E-mail:
Contact Person: M. Murali Krishna
SEBI Registration No.: INR00000021
Reliance Nippon Life IPO Lead Managers:
  • JM Financial Institutional Securities Limited
  • CLSA India Private Limited
  • Nomura  Financial  Advisory  and  Securities  (India) Private Limited\
  • Axis Capital Limited
  • Edelweiss Financial Services Limited
  • IIFL Holdings Limited
  • SBI Capital Markets Limited
  • YES Securities (India) Limited
Company Address:
Reliance Nippon Life
Reliance Centre, 7th Floor, South Wing,
Off Western Express Highway, Santacruz (East),
Mumbai 400 055, Maharashtra
Contact Person: Deepak Mukhija
Company Secretary and Compliance Officer for the Offer
Tel: + 91 22 3303 1000
Fax: +91 22 3303 7662
Corporate Identity Number: U65910MH1995PLC220793