Nippon Life India Asset Management Limited IPO
Nippon Life India Asset Management Limited IPO is priced at ₹247–₹252 per share with an issue size of 6,12,00,000 Equity Shares of Rs 10 with aggregating up to Rs 1542.24 Cr. The IPO opens on Oct 25, 2017 and closes on Oct 27, 2017, with a lot size of 59 shares and a minimum investment of ₹14,868.
Nippon Life India Asset Management Limited IPO
- IPO Dates
- Oct 25, 2017 – Oct 27, 2017
- Price band
- ₹247 - 252 per equity share
- Minimum Investment
- ₹14,868
- Issue size
- 6,12,00,000 Equity Shares of Rs 10 with aggregating up to Rs 1542.24 Cr
- Lot size
- 59
- Allotment Date
- Nov 2, 2017
- Listing
- Nov 6, 2017
- Listing At
- NSE, BSE
IPO timeline
-
Oct 25, 2017
Open Date
Completed
-
Oct 27, 2017
Close Date
Completed
-
Nov 2, 2017
Allotment Date
Completed
-
Nov 6, 2017
Listing Date
Completed
Nippon Life India Asset Management Limited IPO Essentials
Nippon Life India Asset Management Limited IPO Details
Nippon Life India Asset Management Limited IPO is priced at ₹247 - 252 per share with a total issue size of 6,12,00,000 Equity Shares of Rs 10 with aggregating up to Rs 1542.24 Cr. The IPO has a lot size of 59 shares and will be listed on BSE and NSE.
- Issue price
- Rs 247 - Rs 252 Per Equity Share
- Lot size
- 59 shares
- Face value
- Rs 10 Per Equity Share
- Issue size
- 6,12,00,000 Equity Shares of Rs 10 with aggregating up to Rs 1542.24 Cr
- Listing at
- NSE, BSE
- List price
- Listing date
- Registrar
- Karvy Computershare Private Limited
- 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
Nippon Life India Asset Management Limited IPO Details
- Retail Portion N/A
Nippon Life India Asset Management Limited IPO Analytics
Nippon Life India Asset Management Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Nippon Life India Asset Management Limited IPO Subscription Status
Nippon Life India Asset Management Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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 |
11.38x
|
0.9 x | 4.65 x |
|
Day 2
26-10-17
|
9.8 x |
16.16x
|
2.38 x | 7.46 x |
|
Day 3
27-10-17
|
118.41 x |
209.44x
|
5.39 x | 81.41 x |
Nippon Life India Asset Management Limited Valuations
Earnings
- EPS (Post IPO)
- Rs 6.58
- P/E Ratio
- 38.30
Returns
- RoNW
- 21%
Nippon Life India Asset Management Limited Company & Offer Insights
Nippon Life India Asset Management Limited 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
Contact Information
Frequently Asked Questions
Click any question to reveal the answer
Nippon Life India Asset Management Limited IPO is a book-built IPO worth ₹6,12,00,000 Equity Shares of Rs 10 with aggregating up to Rs 1542.24 Cr. The price band is ₹247–₹252 per share. The IPO opens on Oct 25, 2017 and closes on Oct 27, 2017. It will be listed on BSE and NSE. Karvy Computershare Private Limited is the registrar.
The price band of Nippon Life India Asset Management Limited IPO is ₹247 to ₹252 per share.
The lot size of Nippon Life India Asset Management Limited IPO is 59 shares.
The minimum investment for Nippon Life India Asset Management Limited IPO is approximately ₹14,868 based on the upper price band .
Nippon Life India Asset Management Limited IPO opens on Oct 25, 2017 and closes on Oct 27, 2017.
The allotment date of Nippon Life India Asset Management Limited IPO is Nov 2, 2017.
Nippon Life India Asset Management Limited IPO is expected to be listed on Nov 6, 2017, on BSE and NSE .
Nippon Life India Asset Management Limited IPO valuation snapshot: P/E 38.30, EPS Rs 6.58, P/B N/A, RoNW 21%, and market cap N/A.
To apply for Nippon Life India Asset Management Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Nippon Life India Asset Management Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Nippon Life India Asset Management Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Nippon Life India Asset Management Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Nippon Life India Asset Management Limited IPO allotment status on IPO Ji for quick and easy access.