Reliance Nippon Life Asset Management IPO, Review, IPO Performance by IPOPlatform India

About Reliance Nippon Life Asset Management

Company Information

Reliance Nippon Life Asset Management Limited is one of the largest asset management companies in India, managing a total Assets Under Management (AUM) of '3,625.50 billion as of June 30, 2017. The company is involved in managing several financial products, including:
Mutual funds (including Exchange-Traded Funds, ETFs)
Managed accounts such as portfolio management services, alternative investment funds (AIFs), and pension funds
Offshore funds and advisory mandates
As of June 30, 2017, the company was ranked the third-largest asset management company in terms of mutual fund quarterly average AUM (QAAUM) with a market share of 11.4%, according to ICRA. For the financial year 2016, it was ranked the second most profitable asset management company in India.
The company began its mutual fund operations in 1995 as

Object of Issue

Setting up new branches and relocating certain existing branches
Upgrading the IT system
Advertising, marketing and brand building activities
Lending to their Subsidiary (Reliance AIF for investment as continuing interest in the new AIF schemes
Investing towards their continuing interest in new mutual fund schemes managed by us
Funding inorganic growth and other strategic initiatives and
Meeting expenses towards general corporate purposes

Reliance Nippon Life Asset Management MainBoard IPO Details (at the time of IPO)

IPO Type :

Book Building

IPO Date :

Nov, 2017

IPO Size :

1542.24 Cr.

IPO Subscription :

81.54 X

PE Multiple :

43.90

Merchant Banker :
Axis Capital Limited

IPO Registrar:
Kfin Technologies Limited

FAQs

1. What is Reliance Nippon Life Asset Management IPO?

Reliance Nippon Life Asset Management operates in Banking And Finance and Asset Management Companies. The Issue is listed on MainBoard in Nov, 2017. Reliance Nippon Life Asset Management IPO size was 1542.24 Cr. with Issue price of 252.00 .

2. Who is the merchant banker of Reliance Nippon Life Asset Management IPO?

Merchant Banker(s) of Reliance Nippon Life Asset Management IPO: Axis Capital Limited , Clsa India Private Limited , Edelweiss Financial Services Limited , Iifl Securities Limited , SBI Capital Markets Limited , Yes Bank Limited

3. How many times Reliance Nippon Life Asset Management IPO was subscribed?

Reliance Nippon Life Asset Management IPO subscription was 81.54 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

4. What is the listing price of Reliance Nippon Life Asset Management IPO?

Reliance Nippon Life Asset Management IPO listed at a listing price of 284.00 against the offer price of 252.00.

5. What is the current market price of Reliance Nippon Life Asset Management IPO?

The current market price of Reliance Nippon Life Asset Management is 578.55.

IPO Advisory

In-depth, experienced and seamless execution throughout the IPO Process.

IPO Readiness

IPO Roadmap by improving Business Efficiencies, Financial Parameters and Corporate Structure to become IPO ready.

Fund Raising

Fuelling a company's growth through Pre IPO Fund Raise, Private Equity, and Angel Investing.

SME Business Upscaling

Provide support to build a scalable SME business by unleashing the SME potential.

Post IPO Mentoring

Assisting with post IPO regulatory requirements and Performance Monitoring to achieve the milestone of Mainboard migration.

Reliance Nippon Life Asset Management Limited IPO (Reliance Nippon Life Asset Management IPO) Details

Financial Summary (at the time of ipo, on annualised basis)

Pricing Report

Performance Report (CAGR* wise)

About Reliance Nippon Life Asset Management

Company Information

Object of Issue

Reliance Nippon Life Asset Management MainBoard IPO Details (at the time of IPO)

Thinking ofListing Your Business through SME IPO?

We can Help!

See Other MainBoard IPOs in Mumbai

Peer Companies Of This Sector

Thinking of
Listing Your Business through
SME IPO?