Business Standard

Nippon Life India Asset Management Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

1,542.24 cr

Price Range (₹)

252

Lot Size

59

Min Investment (₹)

14,868.00

Listing Exchange

MumbaiNSE

Open Date

25-Oct-2017

Close Date

27-Oct-2017

Listing Date

06-Nov-2017

Nippon Life India Asset Management Ltd News

    The Shares of Nippon Life India Asset Management Ltd have now been listed.

    Nippon Life India Asset Management Ltd IPO Details

    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.

    Objective of issue

    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.

    Nippon Life India Asset Management Ltd Contact Details

    Nippon Life India Asset Management Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - nilufer.Shekhawat@relianceada.com

    Website -