Reliance Nippon Life Insurance IPO Declare

Know Reliance Nippon Life Insurance IPO Details

You know now Reliance Nippon Life Insurance IPO coming in the next 10 days? Reliance Nippon Life asset Management Ltd IPO opens on October, 25, 2017 to October, 27, 2017 with Price band Rs 247 – Rs 252 per equity share. Issue size of IPO is 1542 Cr at upper price band. Issue is OFS + Fresh issue of equity shares.

Reliance Nippon Life Insurance IPO

Also Check: Know mas financial ipo status

Reliance Nippon Life Insurance IPO Issue Details:

Here we can know all the details about Reliance nippon life insurance ipo issue details step by step:

Reliance Nippon Life Insurance IPO Date : October 25,2017 to October 27, 2017

Reliance Nippon Issue Size: 1542 Crs

Price Band of Reliance Nippon: 247 Rs to 252 Rs Per Share

Face Value: 10 Rs Per Share

Share Lot:  59 Share

Reliance Nippon IPO Summary

Here in the below table we describe small summary of Reliance Nippon Life Insurance IPO, so please see that:

Reliance Nippon Life Insurance IPO Particular
IPO Open Date 25th October, 2017
IPO Close Date 27th October 2017
Reliance Nippon Life Insurance IPO Allotment Date 2nd November, 2017
Face Value Rs. 10 per share
Price Band Rs. 247 to 252
Total IPO Size Rs. 1542 crore
Share Lot 59 share per lot

Reliance Nippon Life Asset IPO Tentative Schedule:

Issue Open: October 25, 2017

Issue Close: October 27, 2017

Reliance Nippon Life Insurance IPO Allotment: on or about November 2, 2017

Credit of share: on or about November 3, 2017

Trading Starts: on or about November 6, 2017

About Reliance Nippon Life Insurance

Reliance Nippon Life Insurance is  one  of  the  largest  asset  management  companies  in  India,  managing  total  AUM  of 3,625.50  billion  as  of June  30,  2017. Company   involved  in  managing  (i)  mutual  funds  (including  ETFs);

(ii)  managed  accounts,  including portfolio management services, alternative investment funds (“AIFs”) and pension funds

(iii) offshore funds and  advisory  mandates. Reliance life asset management limited ranked  the  third  largest  asset management  company,  in  terms  of  mutual  fund quarterly average AUM (“QAAUM”) with a market share of 11.4%, as of June 30, 2017, according to ICRA. For the financial year 2016, company ranked the second most profitable asset management company in India, according to ICRA.

Reliance Nippon Life IPO

Company started mutual fund operations in 1995 as the asset manager for Reliance Mutual  Fund, managed QAAUM of 2,229.64 billion and 7.01 million investor folios, as of June 30, 2017. We managed 55 open-ended mutual fund schemes including 16 ETFs and 174 closed ended schemes for Reliance Mutual Fund as of June 30, 2017. Comapny has a  pan-India  network  of  171  branches  and  approximately  58,000  distributors  including  banks,  financial  institutions, national distributors and independent financial advisors (“IFAs”), as of June 30, 2017.Company provide portfolio management services to high net worth individuals and institutional investors  including  the  Employees’  Provident  Fund Organisation (“EPFO”) and  Coal  Mines Provident  Fund  Organisation  (“CMPFO”).

Reliance   AIF   Management   Company   Limited (“Reliance  AIF”) , subsidiary of Reliance Nippon asset management manages  two  alternative  investment  funds,  which  are  privately  pooled  investment  vehicles registered  with  SEBI.

Company manage offshore funds through subsidiaries in Singapore and Mauritius and has a representative office in Dubai, which enables us to cater to investors across Asia, Middle East, UK, US, and Europe. As of June 30, 2017, company  managed  total  AUM  of 22.07  billion  as  part  of  offshore  fund  management  portfolio.  Company also act  as  the advisor for India focused equity and fixed income funds in Japan and South Korea. Further, as of June 30, 2017, company managed 52.77 billion of international advisory mandates.

Company promoted by Reliance Capital Limited (“Reliance Capital”),  an  RBI  registered  non-banking  finance company with business interests including in asset management and mutual funds, life, health and general insurance, commercial and home finance, stock broking, wealth management services, distribution of financial products, asset reconstruction and proprietary investments. Co-promoter of company is Nippon Life Insurance Company (“Nippon Life”), is one of the leading private life insurers in  Japan with assets of approximately US$577.00 billion, as of March 31, 2017. Nippon Life offers a wide range of financial products, including individual and group life and annuity policies.

Company Strength

  • Leading Asset Management Company with Strong Credentials to Drive Growth
  • Multi Channel Distribution Network
  • Comprehensive Suite of Products with Distinguished Investment Track Record
  • Strong Focus on Processes
  • Experienced Management Team

Financials Sheet For Reliance Nippon Life Insurance

Standalone basic

(Amount in Rs millions)

Particulars March,31,2017 March,31,2016 March,31,2015 March,31,2014
Asset 20198.10 18857.91 16629.97 16812.08
Revenue 14004.38 12710.70 9301.15 7840.26
PBT 5821.11 5158.20 4522.11 3612.66
Profit 4055.70 3901.24 3495.94 3023.01
EPS of Rs 10 each 350.18 338.32 316.21 273.80

Reliance Nippon Life Board of Directors

Name Designation
Vijayendra Nath Kaul Non-Executive Chairman
Sundeep Sikka Chief Executive Officer
Kazuhide Toda Non-Executive Director
Takayuki Murai Non-Executive Director
Kanu Harkisondas Doshi Independent Director
Sushil Chandra Tripathi Independent Director
Ameeta Chatterjee Independent Director

Book Running Lead Managers For Reliance Nippon Life Insurance IPO

JM Financial Institutional Securities Limited

7th Floor, Cnergy

Appasaheb Marathe Marg

Prabhadevi, Mumbai 400 025

Maharashtra, India

Tel: 91 226630 3030

Fax:91 226630 3330

E-mail: rnam.ipo@jmfl.com

Investor grievance E-mail: grievance.ibd@jmfl.com

Website: jmfl.com

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: india.clsa.com

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

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.ipo@axiscap.in

Investor grievance E-mail:complaints@axiscap.in

Website: axiscapital.co.in

Book Running Lead Managers

Edelweiss Financial Services Limited

IIFL Holdings Limited

SBI Capital Markets Limited

YES Securities (India) Limited

Registrar of Reliance Nippon Life Insurance IPO

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: karisma.karvy.com

Conclusion of Reliance Nippon Life Insurance IPO

Great IPO started form the 26th October. We shared all the information regarding Reliance Nippon Life Insurance IPO like when Reliance Nippon IPO allotment status declare, price band, face value, ipo size, etc. Also we shared shared information on how many times Reliance nippon ipo subscribe day by day so visit regular ipo status website for more information!

Leave a Reply

Your email address will not be published. Required fields are marked *