Reliance Nippon IPO Details

Reliance Nippon IPO Details

Reliance Nippon IPO Details

The company started its mutual fund operations in 1995 as the asset manager for Reliance Mutual Fund and manages 55 open-ended mutual fund schemes including 16 ETFs and 174 closed ended schemes for Reliance Mutual Fund as of June 30, 2017. It has a network of 171 branches and approximately 58,000 distributors including banks, financial institutions, national distributors and independent financial advisors (IFAs), as of June 30, 2017. Reliance Nippon Life Asset Management manages offshore funds through its subsidiaries in Singapore and Mauritius and has a representative office in Dubai.

As part of its managed accounts business, the company provides portfolio management services to high net worth individuals and institutional investors including the Employees’ Provident Fund Organisation (EPFO) and Coal Mines Provident Fund Organisation (CMPFO). Its Subsidiary, Reliance AIF Management Company Limited manages two alternative investment funds, which are privately pooled investment vehicles registered with SEBI. Further, it received a certificate of commencement of business as a pension fund manager from the Pension Fund Regulatory and Development Authority (PFRDA) in 2009 and manages pension assets under the National Pension System (NPS). As of June 30, 2017, it managed total AUM of INR1,503.93 billion as part of its managed accounts business.

Promoters of Reliance Nippon Life Asset Management – Reliance Capital Limited and Nippon Life Insurance Company

Reliance Nippon IPO Details

  • Subscription Dates : 25 – 27 October 2017
  • Price Band : INR247 – 252 per share
  • Fresh issue : 24,480,000 shares (INR604.6 – 616.9 crore)
  • Offer For Sale : 36,720,000 shares (INR907 – 925.3 crore)
  • Total IPO size : 61,200,000 shares (INR1,511.6 – 1,542.2 crore)
  • Face Value  : INR10 per share
  • Minimum bid (lot size) : 59 shares
  • Retail Allocation : 35%
  • Listing On : NSE & BSE

Reliance Nippon IPO Financial Details (in cr)

Financial Year Total revenue Total expenses Profit after tax
FY2013 734.6 441.4 230.4
FY2014 778.8 449 270.6
FY2015 955.1 491.3 354.5
FY2016 1,313.8 791.4 396.4
FY2017 1,435.9 854.6 402.8

Registrar of Reliance Nippon IPO

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
Fax:
 +91 40 2343 1551 
Email:
 reliancenippon.ipo@karvy.com
Website: www.karvycomputershare.com

Reliance Nippon IPO Listing Dates

  • IPO Opening Date: 25 October 2017
  • IPO Closing Date: 27 October 2017
  • Finalisation of Basis of Allotment: 1 November 2017
  • Initiation of refunds: 3 November 2017
  • Transfer of shares to demat accounts: 3 November 2017
  • Listing Date: 6 November 2017

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