Reliance Nippon Life Asset Management Limited will soon introduce its IPO in the stock exchange market. The interested investors can avail all related information like Price Band and Dates of the IPO, Company Profile, Allotment Status, Listing Dates etc. The firm has drafted a Red Herring Prospectus and got approval for the same from the Regulatory firm Securities Board of India. The IPO is scheduled for Oct 25, 2017 Public issue of the firm stood at 61,200,000 equity shares by the bank aggregating. The company plans to raise Up to Rs. 1,542.24 Cr through its IPO with a price band of Rs 247 – Rs 252 Per Equity Share. The lot size of applying the IPO is for 59 shares. One can apply via ASBA to avail the benefit of listing this IPO. The maximum application of amount for retail investor stood at Rs. 2 lacs.

Company Profile:-

The company was incorporated on February 24, 1995 at Ahmadabad in India. The company deals and manages mutual funds along with  ETFs; managed accounts, including portfolio management services, alternative investment funds and pension funds; and offshore funds. It is one of the largest asset management Company. It is operating its services via 171 branches and approximately 58,000 distributors including banks, financial institutions, national distributors and independent financial advisors in India. High net worth individuals and institutional investors including the Employees’ Provident Fund Organization (“EPFO”) and Coal Mines Provident Fund Organization (“CMPFO”) are the major clients of the firm. Reliance AIF Management Company Limited (the subsidiary of the company) handles 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”).

The company is managing its offshore funds through its subsidiaries in Singapore and Mauritius. The firm facilitates its investors across Asia, Middle East, UK, US, and Europe through its office based in Dubai.

 

Positive outlook of the Firm:

  1. A largest Asset Management Company focusing towards consistent growth;
  2. Providing services through Multi Channel distribution networks;
  3. Comprehensive Suite of Products with Distinguished Investment Track Record
  4. Manages strong fund Processes systems;
  5. Qualified and skillful Management Team.

 

Objects of the Issue:-

  1. To set up new branches and relocating some of its running branches;
  2. To upgrade IT system;
  3. To build up strong brand Image, Advertisement and Marketing Activities;
  4. Lending to its Subsidiary (Reliance AIF) for investment as continuing interest in the new AIF schemes Managed by Reliance AIF;
  5. Investing towards its continuing interest in new mutual fund schemes managed by the company;
  6. Funding inorganic growth and other strategic initiatives; and
  7. For general corporate purposes.

 

 Summary of Issue:

Issue Open:- Oct 25, 2017 – Oct 27, 2017
Issue Type 100% Book Built Issue IPO
Issue Size (Shares) 61,200,000 Equity Shares
Issue Size in (Value) Up to Rs. 1,542.24 Cr
Face Value Rs. 10 Per Equity Share
Issue Price Rs 247 – Rs 252 Per Equity Share
Market lots 59 Shares
Minimum Order Quantity 59 Shares
Listing At BSE, NSE

 

Particular Number Of Equity Shares
Fresh Issue of Equity Shares aggregating up to 2,44,80,000
Offer For sale of Up to 36,720,000 Equity Shares by existing shareholders

 

Important dates for Reliance Nippon Life Asset Management Limited  IPO Allotment Status

  • The Allotment date for Reliance Nippon Life Asset Management Limited IPO issue is expected to be November 01, 2017
  • The amount will get unblocked on November 02, 2017
  • The Shares are expected to credited in DP accounts on November 02, 2017
  • The Shares of Reliance Nippon Life Asset Management islikely to be listed on November 03, 2017 on both BSE and NSE.

 

One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-

  1. Click on the given link See Allotment Status here
  2. Go to Application Status
  3. Select IPO as Reliance Nippon Life IPO
  4. Enter your PAN Number or Application Id or DP Client Id.

It takes little time to fetch information so you need to be little patient.

 

Promoters Of the Company:-

RELIANCE CAPITAL LIMITED AND NIPPON LIFE INSURANCE COMPANY

Financials:-

Particulars For the year/Period ended (Rs. in Million)
Financial Year 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Equity & Liabilities 20,198.10 18,857.91 16,629.97 16,812.08 15,087.00
Total Assets 20,198.10 18,857.91 16,629.97 16,812.08 15,087.00
Total Revenue 14,004.38 12,710.70 9,301.15 7,840.26 7,126.74
Total Expenses 5,821.11 5,158.20 4,522.11 3,612.66 2,617.04
Profit After Tax (PAT) 4,055.70 3,901.24 3,495.94 3,023.01 1,989.60


Lead Manager Details:-

1) JM Financial Institutional Securities Limited

7th Floor, Cnergy, Appasaheb Marathe Marg

Prabhadevi, Mumbai 400 025

Maharashtra, India

Tel: +91 22 6630 3030

Fax: +91 22 6630 3330

E-mail: rnam.ipo@jmfl.com

Investor grievance E-mail:

grievance.ibd@jmfl.com

Website: www.jmfl.com

Contact person: Prachee Dhuri

SEBI Registration No: INM000010361

 

2) CLSA India Private Limited

8/F, Dalamal House

Nariman Point

Mumbai 400 021

Maharashtra, India

Tel: +91 22 6650 5050

Fax: +91 22 2284 0271

E-mail: rnlam.ipo @citicclsa.com

Investor grievance E-mail: investor.helpdesk@clsa.com

Website: www.india.clsa.com

Contact person: Sarfaraz Agboatwala

SEBI Registration No: INM000010619

 

3) Nomura Financial Advisory and Securities (India)Private Limited

Ceejay House, Level 11, Plot F, Shivsagar Estate

Worli, Mumbai 400 018

Maharashtra, India

Tel: +91 22 4037 4037

Fax: +91 22 4037 4111

E-mail: rnlamipo@nomura.com

Investor grievance E-mail: investorgrievancesin@

nomura.com

Website: www.nomuraholdings.com/

company/group/asia/india/index.html

Contact Person: Sumit Sukhramani/ Aneesha Chandra

SEBI Registration No.: INM000011419

 

4) Axis Capital Limited

1st Floor, Axis House, C-2, Wadia International Centre

P.B. Marg, Worli, Mumbai 400 025

Maharashtra, India

Tel: + 91 22 4325 2183

Facx: +91 22 4325 3000

E-mail: rnam.ipo@axiscap.in

Investor grievance E-mail: complaints@axiscap.in

Website: www.axiscapital.co.in

Contact person: Ankit Bhatia

SEBI Registration No.: INM000012029

 

5) Edelweiss Financial Services Limited

14th Floor, Edelweiss House

Off. C.S.T Road, Kalina

Mumbai 400 098, Maharashtra, India

Tel: +91 22 4009 4400

Fax: +91 22 4086 3610

E-mail: rnlam.ipo@edelweissfin.com

Investor Grievance E-mail:

customerservice.mb@edelweissfin.com

Website: www.edelweissfin.com

Contact Person: Pradeep Tewani / Ankit Goel

SEBI Registration No.: INM0000010650

 

6) IIFL Holdings Limited

10th Floor, IIFL Centre

Kamala City, Senapati Bapat Marg

Lower Parel (West), Mumbai 400 013

Maharashtra, India

Tel: +91 22 4646 4600

Fax: +91 22 2493 1073

E-mail: rnam.ipo@iiflcap.com

Investor grievance email: ig.ib@iiflcap.com

Website: www.iiflcap.com

Contact Person: Pinkesh Soni / Pinak

Bhattacharyya

SEBI Registration No.: INM000010940

 

7) SBI Capital Markets Limited

202, Maker Tower E, Cuffe Parade

Mumbai 400 005, Maharashtra, India

Tel: +91 22 2217 8300

Fax: +91 22 2218 8332

E-mail: rnlam.ipo@sbicaps.com

Investor Grievance E-mail:

investor.relations@sbicaps.com

Website: www.sbicaps.com

Contact Person: Aditya Deshpande/

Ronak Shah

SEBI Registration No.: INM000003531

 

8) YES Securities (India) Limited

IFC, Tower 1&2, Unit No. 602 A, 6th floor

Senapati Bapat Marg, Elphinstone (W)

Mumbai 400 013

Maharashtra, India

Tel: +91 22 7100 9829

Fax: +91 22 2421 4508

E-mail: relamc.ipo@yessecuritiesltd.in

Investor grievance e-mail:

igc@yessecuritiesltd.in

Website: www.yesinvest.in

Contact Person: Mukesh Garg

SEBI Registration No.:MB/INM000012227

Registrar To The Issue:-

Karvy Computershare Private Limited

Karvy Selenium Tower B

Plot 31-32, Gachibowli

Financial District, Nanakramguda

Hyderabad 500 032, India

Tel: +91 40 6716 2222

Fax: +91 40 2343 1551

E-mail: reliancenippon.ipo@karvy.com

Investor Grievance E-mail:

einward.ris@karvy.com

Website: https://karisma.karvy.com

Contact Person: M. Murali Krishna

SEBI Registration No.: INR00000021

 

Registered Office Details:-

Reliance Centre, 7th Floor, South Wing,

Off Western Express Highway, Santacruz (East),

Mumbai 400 055, Maharashtra, India

Contact Person: Deepak Mukhija,

Company Secretary and Compliance Officer for the Offer; Tel.: + 91 22 3303 1000;

Fax: +91 22 3303 7662

E-mail: deepak.mukhija@relianceada.com;

Website: www.reliancemutual.com;

Corporate Identity Number: U65910MH1995PLC220793

 


To Download “Reliance Nippon Life Asset Management” IPO Application Form click here