RELIANCE NIPPON LIFE ASSET MANAGEMENT LIMITED

RELIANCE NIPPON LIFE ASSET MANAGEMENT LIMITED

(FORMERLY, RELIANCE CAPITAL ASSET MANAGEMENT LIMITED)

(Issue open 25.10.2017 to 27.10.2017)

COMPANY PROMOTER

          1.  RELIANCE CAPITAL LIMITED

          2. NIPPON LIFE INSURANCE COMPANY

  LEAD MANAGERS

         a)  JM Financial Institutional Securities Limited

         b)  CLSA India Private Limited

          c)  Nomura Financial Advisory and Securities (India) Private Limited

         d) Axis Capital Limited

REGISTRAR TO THE ISSUE

  a) Karvy Computershare Private Limited

OBJECT OF THE OFFER

1. Setting up new branches and relocating certain existing     branches.
2. Upgrading the IT system.
3. Advertising, marketing and brand building activities.
4. Lending to our Subsidiary (Reliance AIF) for investment as continuing interest in the new AIF schemes managed by Reliance AIF.
5. Investing towards our continuing interest in new mutual fund schemes managed by us.
6. Funding inorganic growth and other strategic initiatives.
7. Meeting expenses towards general corporate purposes.

 

      KEY FEATURES

         1. Incorporated on February 24, 1995.

         2 Reliance Nippon Life is ranked the 2nd most profitable asset management company in India.

        3. Company Strengths :
a) Third largest asset management company in India backed by strong promoters.
b) Strong presence across India.

c) Well-diversified product suite across mutual funds and ETFs, managed accounts and offshore funds and advisory mandates.

Risk Factor

      · This being the first public issue of the Issuer, there has been no formal market for the Equity .

      ·  Share  Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in the Offer unless they can afford to take the risk of losing their investment.

 

COMPANY FINANCIAL                       

(Rs in millions)       

PARTICULARS

June 2017 (Quarter Ended)

March 2017

March 2016

March 2015

EQ CAPITAL

415.20

415.20

415.20

412.70

R&S

16,119.50

18,287.81

17,234.79

14,774.78

TOTAL REVENUE

3,781.52

14,004.38

12,710.70

9,301.15

Profit After Tax

834.37

4,055.70

3,901.24

3,495.94

BORROWINGS

2,376.95

1,495.09

1,207.92

1,442.49

                                                

IPO DETAILS

Issue open & close

25 Oct 17 to 27 Oct 17

Issue type

  Book Built Issue IPO

Issue size(in shares)

61,200,000

Issue Size in crores

1,542 Cr.

Number of appl for retails

      -

Face value

10 Per equity share

Issue price (in rs)

247-252

Minimum order qty

     59

Listing at

NSE,BSE

1. As on date 20 Oct 2017  kostak 400/- , Subject to allotment  2500/- , GMP  247-252 

2. As on date 25 Oct 2017 kostak 600/- , Subject to allotment  3200/- , GMP 247-252 

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