Reliance Nippon Life Asset Management IPO – Mutual Fund Review, Analysis, Details,Opening Date, Issue Price, Allotment Status, Listing
Current Status
Reliance Nippon Life Asset Management IPO is over-subscribed 81.37 times - Institutional investors - 118 times, HNI -- 210 times, and Retail - 5.35 times
Reliance Asset management is third largest mutual fund company in India.
Issue Details of Reliance Mutual Fund IPO:
IPO Open: 25th Oct - 27th Oct 2017
Issue Price band: Rs 247 - Rs 252
Issue Size: Rs 1540 crore
Market lot: 59 shares
Minimum Investment: 14868 (Rs 252 per share)
Max Investment for Retail Investor - 767 shares
Book Running Lead Managers: Axis Capital
Registrar: Karvy
Listing: BSE/NSE
IPO Issue Allocation:
Qualified institutional buyers (QIBs) – 75% of the offer.
Non-institutional bidders – 15% of the offer.
Retail individual bidders – 10% of the offer.
Background:
R...