Reliance Nippon Life Asset Management Limited IPO

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Reliance Nippon Life Asset Management Ltd is Mumbai, India based asset management company. Company has market share of over 11.4% in mutual funds offerings in India. Reliance Nippon Life is ranked the 2nd most profitable asset management company in India.
Company is promoted by Reliance Capital Limited. Reliance Capital is an RBI registered non-banking finance company with business interests including in asset management and mutual funds, life, health and general insurance, commercial and home finance, stock broking, wealth management services, distribution of financial products, asset reconstruction and proprietary investments. Reliance Capital Limited is a part of Reliance Group led by Mr. Anil D. Ambani.
Nippon Life Insurance Company, one of the leading private life insurers in Japan is the co-promoter of the company. Nippon Life offers a wide range of financial products, including individual and group life and annuity policies. Company has assets of over USD 577.00 billion.
Reliance Nippon Life is involved in managing
1. Mutual funds (including ETFs);
2. Managed accounts, including portfolio management services, alternative investment funds (AIFs) and pension funds
3. Offshore funds and advisory mandates.
Company manages 55 open-ended mutual fund schemes including 16 ETFs and 174 closed ended schemes. Company has a network of 171 branches and over 58,000 distributors including banks, financial institutions, national distributors and independent financial advisors as of June 30, 2017.
Company Strengths
1. Third largest asset management company in India backed by strong promoters.
2. Strong presence across India
3. Well-diversified product suite across mutual funds and ETFs, managed accounts and offshore funds and advisory mandates.

Reliance Nippon Life Asset Management Limited IPO Stock Quote & Charts

163.95

-3.27%

  • Open: 169.00
  • High - Low: 169.20 - 159.70
  • Previous Close: 169.50
  • Total Traded Volume: 182430
  • Updated On: 13-Nov-2018

Objects of the Reliance Nippon Life Asset Management Limited IPO:

The objects for which the Company intends to use the Net Proceeds are as follows: 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 6. Funding inorganic growth and other strategic initiatives 7. Meeting expenses towards general corporate purposes.

Reliance Nippon Life Asset Management Limited IPO Details:

Open Date: Oct 25 2017
Close Date: Oct 27 2017
Total Shares: 61,200,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Built Issue IPO
Issue Size: 1,542.24 Cr.
Lot Size: 59 Shares
Issue Price: ₹ 247-252 Per Equity Share
Listing At: NSE,BSE
Listing Date: Nov 06 2017

Promoters And Management:

1. Reliance Capital Limited 2. Nippon Life Insurance Company

Financials of Reliance Nippon Life Asset Management Limited IPO:

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

Registrar of Reliance Nippon Life Asset Management Limited IPO:

  1. Karvy Computershare Private Limited

Company Address:

Reliance Nippon Life Asset Management Limited Reliance Centre, 7th Floor, South Wing, Off Western Express Highway, Santacruz (East), Mumbai 400 055 Phone: + 91 22 3303 1000 Fax: +91 22 3303 7662 Email: deepak.mukhija@relianceada.com Website: www.reliancemutual.com

25th Sep 2018 - 27th Sep 2018 => Aavas Financiers IPO

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