Nippon Life India Asset Management Ltd - IPO

Nippon Life India Asset Management Ltd IPO Details

Initial public offering of 61,200,000 equity shares of face value of Rs.10 (Equity Shares) of Reliance Nippon Life Asset Management Ltd (Company or Issuer) for cash at a price of Rs.252 per equity share including a share premium of Rs. 242 per equity share (The Offer Price), aggregating to Rs. 1542.24 Crores (The Offer) comprising a fresh issue of 24,480,000 equity shares by the company aggregating up to Rs. 616.90 Crores (The Fresh Issue) and an offer for sale of 36,720,000 equity shares aggregating to Rs.925.34 Crores by the selling shareholders. The offer shall constitute 10% of the Post-Offer paid-up equity share capital of the company.The anchor investor offer price is Rs.252 per equity share. The face value of the equity share is Rs.10. The offer price is Rs.252 per equity share and is 25.20 times the face value of the equity share.

Objective of issue

Setting up new branches and relocating certain existing branches. Upgrading the IT System. Advertising, marketing and brand Building activities. Lending to the subsidiary (Reliance AIF) for investment of continuing interest in the new AIF scheme managed by Reliance AIF. Investing towards the continuing interest in new mutual scheme managed by us. Funding inorganic growth and strategic initiatives. General Corporate Purposes.

Nippon Life India Asset Management Ltd Contact Details

Nippon Life India Asset Management Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - nilufer.Shekhawat@relianceada.com