Nippon Life India Asset Management Limited IPO
Mainboard
₹ 14868 /59 Shares
25 Oct, 2017
Open Date27 Oct, 2017
Close Date02 Nov, 2017
Allotment Date06 Nov, 2017
Listing DateIPO Issue Details
- Issue Price Rs 247 - Rs 252 Per Equity Share
- Face Value Rs 10 Per Equity Share
- Issue Price 6,12,00,000 Equity Shares of Rs 10 with aggregating up to Rs 1542.24 Cr
- Listing at NSE, BSE
- Lead Manager JM Financial Institutional Securities Limited, CLSA India Private Limited, Nomura Financial Advisory and Securities (India) Private Limited, Axis Capital Limited, Edelweiss Financial Services Limited, IIFL Holdings Limited, SBI Capital Markets Limited and Yes Securities (India) Limited
- Registrar Karvy Computershare Private Limited
IPO Details
- Retail Portion N/A
IPO Details
The IPO of is priced at ₹247 - 252 per equity share, which has a face value of Rs 10 Per Equity Share each, IPO bidding starts from Oct 25, 2017 and ends on Oct 27, 2017. The allotment for IPO will be finalized on Nov 2, 2017. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Nov 6, 2017. The company shall list its equity shares on the NSE, BSE. Karvy Computershare Private Limited is the registrar of the issue.
The book-running lead manager for the IPO is/are JM Financial Institutional Securities Limited, CLSA India Private Limited, Nomura Financial Advisory and Securities (India) Private Limited, Axis Capital Limited, Edelweiss Financial Services Limited, IIFL Holdings Limited, SBI Capital Markets Limited and Yes Securities (India) Limited.
The IPO sets its price band at 247 - 252 for each share. A single application for Nippon Life India Asset Management Limited IPO must contain at least 59 shares.
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IPO Subscription Analysis And Details
| As on | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 1,22,40,000 | 91,80,000 | 2,14,20,000 | 4,28,40,000 |
|
Day 1
25-10-17
|
6.13 x | 11.38 | 0.9 x | 4.65 x |
|
Day 2
26-10-17
|
9.8 x | 16.16 | 2.38 x | 7.46 x |
|
Day 3
27-10-17
|
118.41 x | 209.44 | 5.39 x | 81.41 x |
Valuations
IPO - Issue Objectives
Offer for SaleCompany will not receive any proceeds from the Offer for Sale.
Fresh Issue(a) Setting up new branches and relocating certain existing branches(b) Upgrading the IT system(c) Advertising, marketing and brand building activities(d) Lending to our Subsidiary (Reliance AIF) for investment as continuing interest in the new AIF schemes managed by Reliance AIF(e) Investing towards our continuing interest in new mutual fund schemes managed by us(f) Funding inorganic growth and other strategic initiatives(g) Meeting expenses towards general corporate purposes
IPO - FAQs
Ans. Nippon Life India Asset Management Limited IPO is a Mainboard IPO. The issue is priced at Rs 247 - Rs 252 Per Equity Share . The minimum order quantity is 59 Shares. The IPO opens on Oct 25, 2017, and closes on Oct 27, 2017. Karvy Computershare Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE, BSE.
Ans. The Nippon Life India Asset Management Limited IPO opens on Oct 25, 2017 and closes on Oct 27, 2017.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Nippon Life India Asset Management Limited IPO is 6,12,00,000 Equity Shares of Rs 10 with aggregating up to Rs 1542.24 Cr.
Ans. The Nippon Life India Asset Management Limited IPO price band is set between Rs 247 - Rs 252 Per Equity Share .
Ans. To apply for Nippon Life India Asset Management Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Nippon Life India Asset Management Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Nippon Life India Asset Management Limited IPO is Nov 2, 2017.
Ans. The Nippon Life India Asset Management Limited IPO will be listed on Nov 6, 2017.
Ans. Follow the steps to check the Nippon Life India Asset Management Limited IPO allotment status online.
