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 :
Setting up new branches
Modernization of IT systems
Marketing & Branding
Lending to its subsidiary
Funding inorganic growth and other strategic initiatives; and
Meeting expenses towards general corporate purposes.
Company Financials:
| 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 | |
| Number of Times Subscribed (BSE + NSE) | |||||||
|---|---|---|---|---|---|---|---|
| As on Date & Time | QIB | NII | RII | Employee | Others | Total | |
| Shares Offered / Reserved | 12,240,000 | 9,180,000 | 21,420,000 | - | - | 42,840,000 | |
| Shares Offered / Reserved | 0 | 520,800 | 520,800 | - | 57,600 | 1,099,200 | |
| Day 2 - Oct 25, 2017IST | 6.1300 | 11.3800 | 0.9000 | - | - | 4.6400 | |
| Day 3 - Oct 26, 2017IST | 9.8000 | 16.1600 | 2.3800 | - | - | 7.4500 | |
| Day 4 - Nov 27, 2017IST | 118.4000 | 209.4400 | 5.6500 | - | - | 81.5400 | |
| Day 5 - Jan 29, 2018IST | 0 | 354,000 | 170,400 | - | - | 524,400 | |
| Day 6 - Jan 30, 2018IST | 0 | 541,200 | 518,400 | - | - | 1,059,600 | |
| Day 7 - Jan 31, 2018IST | 0 | 602,400 | 1,312,800 | - | - | 1,915,200 | |
| - | BSE | NSE |
|---|---|---|
| Issue Price | Rs 252.00 | Rs 252.00 |
| Open | Rs 294.00 | Rs 295.90 |
| Low | Rs 278.00 | Rs 278.00 |
| High | Rs 298.70 | Rs 299.00 |
| Last Trade | Rs 284.00 | Rs 284.40 |
| Volume | 6,473,540 | 43,029,311 |
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Reliance Nippon Life Asset Management Ltd IPO Revi ...Investment in fully priced issue may be considered for mediu ... |
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Reliance Nippon Life lists at 17% premium to issue ... Shares of Reliance Nippon Life Asset Management (RNAM) got o ... Read more... |
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