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16 December 2017

IPO Synopsis

Reliance Nippon Life Asset Management Ltd
Registered Office: Reliance Centre 7th Floor,South Wing Santacruz (East) , Mumbai - 400055 , Maharashtra , India.
Phone : 91-22-33031000   Fax:91-22-33037662
Email :  deepak.mukhija@relianceada.com  
Website :  www.reliancemutual.com
Initial public offering of 61,200,000 equity shares of face value of (Rs)10 ("Equity Shares") of Reliance Nippon Life Asset Management Ltd ("Company" or "Issuer") for cash at a price of (Rs)252 per equity share including a share premium of (Rs)242 per equity share (The "Offer Price"), aggregating to (Rs)1542.24 Crores (The "Offer") comprising a fresh issue of 24,480,000 equity shares by the company aggregating up to (Rs)616.90 Crores (The "Fresh Issue") and an offer for sale of 36,720,000 equity shares aggregating to (Rs)925.34 Crores by the selling shareholders. The offer shall constitute 10% of the Post-Offer paid-up equity share capital of the company. The anchor investor offer price is (Rs)252 per equity share. The face value of the equity share is (Rs)10. The offer price is (Rs)252 per equity share and is 25.20 times the face value of the equity share.

Issue Money Payable On
Opens On Closes On Application Allotment
25-Oct-17 27-Oct-17 (Rs)252.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :59  Further Multiples of :59

  (Rs Cr) Lead Managers to the Issue
Project Cost 616.90
Axis Capital Ltd
Project Financed through Current Offer 1542.24  
Post Issue Equity Share Capital 612.00  
Issue Price (Rs)252.00  
 
Projects
Setting up new branches and relocating certain existing branchesInvesting towards the continuing interest in new mutual scheme managed by us
Upgrading the IT SystemFunding inorganic growth and strategic initiatives
Advertising, marketing and brand Building activitiesGeneral Corporate Purposes
Lending to the subsidiary (Reliance AIF) for investment of continuing interest in the new AIF scheme managed by Reliance AIF
Promoted By
Reliance Capital Ltd  
Nippon Life Insurance Company  
Listing At
BSE 
NSE 
Registrar to the Issue
Karvy Computershare Pvt Ltd 
 
Toll Free number: 1800-425-5501 / 1800-103-5501
FINANCIAL TOOLS