Reliance Nippon Life Asset Management Ltd IPO

Reliance Nippon Life Asset Management Ltd

Issue Open

Oct 25, 2017

Price Band

₹ 247 - ₹ 252

Issue Size

₹ 1,542.24 Cr

Credit of Shares to Demat


Issue Close

Oct 27, 2017

Bid Lot


Listing Exchange


Cut off time for UPI Mandate Confirmation


Issue Type

Book Built Issue IPO

Minimum Order Quantity


Allotment Details


Face Value

Rs 10 Per Equity Share

Listing On

Nov 06, 2017



About the company:

Introduction: Reliance Nippon Life Asset Management Ltd is a asset management company controlled from Mumbai. Reliance Nippon holds around 11% of the mutual fund offering in India. The healthy margins have made it one of the best profitable companies in India. Company manages 55 open-ended mutual fund schemes including 16 ETFs and 174 closed ended schemes

Date of Establishment: Company was formed in the year 1995. 

Product & Service Offering: Reliance nippon manages

     1. Mutual funds (including ETFs);
     2. Managed accounts, including portfolio management services, alternative investment funds (AIFs) and pension funds; and
     3. Offshore funds and advisory mandates.

Customer Segment: The company manages its retail customers through its network of 170+ branches and 58,000 distributors  

Promoters of Reliance Nippon

     1. Reliance Capital Limited; and
     2. Nippon Life Insurance Company

Objects of the Issue

The offer consists of the fresh Issue and the Offer for Sale. Company will not receive any proceeds from the Offer for Sale.

The Net Proceeds would be utilized for :

  1. Setting up new branches

  2. Modernization of IT systems

  3. Marketing & Branding

  4. Lending to its subsidiary

  5. Funding inorganic growth and other strategic initiatives; and

  6. Meeting expenses towards general corporate purposes. 

Company Financials:

Summary of financial Information (Consolidated)
Particulars For the year/period ended (in Rs. million)
  31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 20,198.10 18,857.91 16,629.97 16,812.08 15,087.00
Total Revenue 14,004.38 12,710.70 9,301.15 7,840.26 7,126.74
Profit After Tax 4,055.70 3,901.24 3,495.94 3,023.01 1,989.60



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