Wednesday, October 25, 2017

Reliance Nippon Life IPO Subscription Numbers & Status, IPO Subscribed 81.54 times

Reliance Nippon Life ipo subscription to start from 25th October. Reliance Nippon Life has good gmp start with and it will get good subscription numbers as well. It is one of the leading Asset Management companies in India. We can expect a good numbers in QIB and HNI around 50+ times while retailers will think some secure way as they knows its ADAB company. Still the chances are high to get good subscription around 10 times in retailers. Check Reliance Nippon ipo gmp by day to day.

Reliance Nippon Life IPO Subscription: (Fully Subscribed)

Day 16.1311.380.90N/A4.64
Day 2 9.8016.162.38N/A7.45
Day 3 118.40209.445.65N/A81.54

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