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IPO Details


Nippon Life India Asset Management Ltd
Registered Office: 4th Flr Tower A Peninsula Busi, Ganapatrao Kadam Marg L P (W), Mumbai - 400013, Maharashtra
Phone: 91-22-68087000
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.
Issue Money Payable On
Opens On Closes On Application Allotment
25-Oct-2017 27-Oct-2017 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 616.90 Axis Capital Ltd
Project Financed through Current Offer 1,542.24
Post Issue Equity Share Capital 612.00
Issue Price 252.00
Projects
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
Promoted By
Reliance Capital Ltd
Nippon Life Insurance Company
Listing At
BSE
NSE
Registrar to the Issue

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