Reliance Nippon Life Asset Management Ltd IPO

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: