Reliance Nippon Life IPO Allotment Status

Reliance Nippon IPO Status

Reliance Nippon Life IPO allotment status will be done on 1st November, 2017. Huge response from the Retail and as well as market sector for this Reliance Nippon IPO. Also GMP of Reliance Nippon is good compared to others. In this article you can check Reliance Nippon IPO status, Subscription, company’s last  five year profit and expenses, etc.

Reliance Nippon Life IPO

How to Check Reliance Nippon IPO Allotment Status

If you want to check your Reliance Nippon Life IPO allotment status then follow below procedure. For check allotment status you have required application number and PAN card number.

  • First of all visit BSE india or Karvy website
  • After that select “Reliance Nippon Life IPO
  • Then enter your application number and PAN card number
  • Enter captcha code
  • Click on “Get status”

So after follow above process you can check Reliance Nippon life IPO allotment status.

Reliance Nippon Life IPO Schedule

Reliance Nippon Life IPO Start Date: 25th October, 2017

Reliance Nippon Life IPO Close Date: 27th October, 2017

Price Band: 247 to 252 Rs.

Minimum Amount: 14868 Rs. For 1 lot

Share Lot: 59 share in 1 lot

Face Value: Rs. 10 per share

Reliance Nippon Life IPO Allotment Date: 1st November, 2017

Reliance Nippon Life IPO Refund Date: 2nd November, 2017

Reliance Nippon Life IPO Listing Date: 6th November, 2017

Reliance Nippon Life IPO Information

The Initial Public Offering of up to 61,200,000 equity shares

  • Reliance Nippon Life IPO consists of Fresh Issue of up to 24,480,000 equity shares and Offer for Sale of up to 36,720,000 equity shares
  • The minimum Bid lot is 59 equity shares and Bids may be made in multiples of 59 equity shares thereafter.
  • Bid/Offer opening date – October 25, 2017 and Bid/Offer closing date – October 27, 2017
  • The Floor Price is 24.7 times of the face value and the Cap Price is 25.2 times of the Face Value
  • The offer shall constitute 10.00% of the post-offer paid-up equity share capital of the company

Reliance Nippon Life Asset Management Limited (“Company”),proposes to open its initial public offering (“IPO” or the “Offer”) on Wednesday, October 25, 2017 and close on Friday, October 27, 2017, with a price band of Rs. 247 to Rs. 252 per Equity Share of face value of Rs. 10/- each of the Company (the “Equity Shares”). The Anchor Investor Bidding Date shall be October 24, 2017, being one working day prior to the Bid/Offer Opening Date.

The IPO consists of a fresh issue of up to 24,480,000 equity shares the Company (the “Fresh Issue”) and an offer for sale of up to 36,720,000 equity shares by Reliance Capital Limited and Nippon Life Insurance Company (together, the “Promoter Selling Shareholders”). The offer shall constitute 10.00% of the post-offer paid-up equity share capital of the Company.

The Offer is being made in terms of Rule 19(2)(b)(iii) of the Securities Contracts (Regulation) Rules, 1957, as amended (“SCRR”), wherein at least 10% of the post-Offer paid-up equity share capital of the Company will be offered to the public. The Offer is being made through the Book Building Process in accordance with Regulation 26(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (“SEBI ICDR Regulations”), wherein 50% of the Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIB Portion”), provided that the Company and the Promoter Selling Shareholders in consultation with the GCBRLMs and BRLMs may allocate up to 60% of the QIB Portion to Anchor Investors at the Anchor Investor Allocation Price, on a discretionary basis, out of which at least one-third will be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the Net QIB Portion.

The number of Equity Shares representing 5% of the Net QIB Portion (other than Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only. The remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to QIBs (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received from them at or above the Offer Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIBs. Further, not less than 15% of the Offer shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price.

Reliance Nippon Life IPO Status

JM Financial Institutional Securities Limited, CLSA India Private Limited, Nomura Financial Advisory and Securities (India) Private Limited and Axis Capital Limited are the Global Coordinators and Book Running Lead managers to the Offer. Edelweiss Financial Services Limited, IIFL Holdings Limited, SBI Capital Markets Limited and Yes Securities (India) Limited are the Book Running Lead Managers to the Offer and Karvy Computershare Private Limited is the Registrar to the Offer.

The Equity Shares offered through the RHP are proposed to be listed on the National Stock Exchange of India and BSE Limited.

About Reliance Nippon Life

Reliance Nippon Life Insurance Company is amongst the leading private sector life insurance companies in India in terms of individual WRP (weighted received premium) and new business WRP. The company is one of the largest non-bank supported private life insurers with over 10 million policyholders, a strong distribution network of over 700 branches and over 75,000 advisors as on March 31, 2017. Also you can check allotment status of Reliance Nippon IPO. The company holds one of the top Claim Settlement Ratios in the industry which stands at 95.21% as of March 31, 2017.

Rated amongst the Top 4 Most Trusted Life Insurance Service Brands by Brand Equity‘s Most Trusted Brands Survey 2016, the company’s vision is “To be a company people are proud of, trust in and grow with; providing financial independence to every life we touch.” With this in mind, Reliance Nippon Life caters to five distinct segments, namely Protection, Child, Retirement, Saving & Investment, and Health; for individuals as well as Groups/Corporate entities.

Reliance Nippon Life Subscription

You can see that 3 days subscription day by day. Last day there are huge subscriptions for the Reliance Nippon Life IPO.

Day Day 1 Day 2 Day 3
QIB 6.12 9.80 118.40
NII 11.38 16.15 209.44
RII 0.90 2.38 5.20
Total 4.64 7.45 81.31

Reliance Nippon Life Finance

Here we shared profit and expenses for the last five year, so you can see that and after that want to invest in Reliance Nippon Life IPO.

Particular March 13 March 14 March 15 March 16 March 17
Total Revenue 734.6 778.8 955.1 1313.8 1435.9
Total Expense 441.4 449.0 491.3 791.4 854.6
Profit After TAX 230.4 270.6 354.5 396.4 402.8

Reliance Nippon Life IPO Book Running Lead Managers

  • 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

  • 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: Ronak Shah

  • 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

  • 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

  • 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

Fax: +91 22 4325 3000

E-mail: rnam@axiscap.in

Investor grievance E-mail: complaints@axiscap.in

Website: www.axiscapital.co.in

Contact person: Ankit Bhatia

SEBI Registration No.: INM000012029

  • 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: investorgrievances-in@nomura.com

Website: www.nomuraholdings.com/ company/group/asia/india/index.html

Contact Person: Sumit Sukhramani/ Aneesha Chandra

SEBI Registration No.: INM000011419

  • 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

  • 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

Registrar for Reliance Nippon IPO

This time also for Reliance Nippon Life IPO KARVY is the Registrar.

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

Source: Tawp

Conclusion of Reliance Nippon Life IPO Allotment Status

In this article we shared all the information about Reliance Nippon Life IPO allotment status, how to allotment of Reliance Nippon, know Reliance Nippon IPO allotment date, Subscription of Reliance Nippon Ipo, etc. Although at our website know status many IPO information shared like capacite IPO, Matrimony IPO, Dixon IPO and many more!

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