Sunday, November 05, 2017

Reliance Nippon Life IPO Listing Date & Price Details

Reliance Nippon Life AM IPO  has good subscription numbers while gmp stable at 40-50 which is good to see for ADAG group.With a price of Rs.252 it looks good with good results as well. Being one of the top 5 companies in Asset Management stock is good to go. Retail subscription was not that good. It was around 5.65 times but QIB 118 times and HNI 209 times shows a good interest in this IPO. This will not be a RPower but ADAG group company will give surely a good return on listing day. We can expect a listing around Rs.300-320 with higher side around 330-340 while down side around 260-270 levels. All eye will be on Reliance Nippon and the indices if Indices will be in green we can expect to break the higher side as well.
Reliance Nippon IPO Listing Date, Listing Price, NSE Code, ISIN Number & Other Details are given below:

BSE Code 540767
Group B
ISIN No INE298J01013
Offer Price Rs.247 / 252
Face Value Rs.10
Listing Date 06-Nov-17, Monday

Reliance Nippon IPO Listing Price: Live Quote

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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