Reliance Nippon Life Asset Management Limited IPO
Reliance Nippon Life Asset Management Limited was a mainboard IPO, offered at ₹247–₹252 per share to raise ₹1,542 crore. The issue was subscribed 81.54× overall (QIBs 118.4×, NIIs 209.44×, retail 5.65×). It listed on 6 Nov 2017 at ₹296 and closed its first day at ₹284, a listing gain of +12.9% versus the ₹252 issue price. It now trades around ₹905 (+259.1% versus the issue price).
Frequently asked questions
- How many times was the Reliance Nippon Life Asset Management Limited IPO subscribed?
- The Reliance Nippon Life Asset Management Limited IPO was subscribed 81.54× overall — 118.4× in the QIB category, 209.44× among non-institutional investors, 5.65× in retail.
- What were the Reliance Nippon Life Asset Management Limited IPO listing gains?
- Reliance Nippon Life Asset Management Limited listed on 6 Nov 2017 at ₹296, closing its first day at ₹284 — a listing gain of +12.9% versus the ₹252 issue price.
- What were the retail allotment odds for the Reliance Nippon Life Asset Management Limited IPO?
- Retail was subscribed 5.65×, so a single-lot application had roughly a 17.7% chance of allotment (about 1 in 6), and allotment was finalised on 31 Oct 2017.
- What was the price band and lot size of the Reliance Nippon Life Asset Management Limited IPO?
- The price band was ₹247–₹252 per share.