IPO

Reliance Nippon Life Asset Management Ltd

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
Opens On Closes On
25-Oct-17 27-Oct-17
Money Payable On
Application Allotment
252.00 0.00
Minimum Application for shares in Nos : 59 Further Multiples of : 59
Cr Lead Managers to the Issue
Project Cost (.Cr) 616.90 Axis Capital Ltd
Project Financed through Current Offer (.Cr) 1542.24  
Post Issue Equity Share Capital (.Cr) 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
Karvy Computershare Pvt Ltd