Reliance Nippon Life Asset Management IPO
Reliance Nippon Life Asset Management Limited (RNAM) · mainboard IPO on NSE and BSE. Listed on 06 November 2017.
Listed 6 Nov
Subscribed 81.5x
Listing gain +17.4%
Issue details
Price band
₹247–252
Issue price
₹252
Lot size
—
Min. retail bid
—
Issue size
₹1,542 Cr
Bidding
25 Oct – 27 Oct 2017
Listing
06 Nov 2017
Retail quota
35%
Listing day
Listed at
₹296
+17.4% vs issue price ₹252
Day's high
₹299
+18.6% · low ₹278 (+10.3%)
Day's close
₹284
+12.9% · traded ₹1,246 Cr
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 1,22,40,000 | 1,44,92,70,218 | 118x | |
| NII (HNI) total | 91,80,000 | 1,92,26,59,668 | 209x | |
| Retail | 2,14,20,000 | 12,10,37,556 | 5.65x | |
| Total | 4,28,40,000 | 3,49,29,67,442 | 81.5x |
Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 3% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Reliance Nippon Life Asset Management's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| RBL BankAug 2016 | 85.1x | 198x | 5.70x | 69.6x | ₹1,219 Cr | +21.9% | +35.8% |
| Godrej AgrovetOct 2017 | 151x | 236x | 7.67x | 95.4x | ₹1,180 Cr | +33.8% | +37.0% |
| Avenue SupermartsMar 2017 | 145x | 278x | 7.51x | 105x | ₹1,895 Cr | +100.7% | +117.0% |
| AU Small Finance BankJun 2017 | 78.8x | 144x | 3.52x | 53.6x | ₹1,913 Cr | +48.0% | +52.8% |
| Cochin ShipyardAug 2017 | 63.5x | 289x | 8.51x | 76.2x | ₹2,542 Cr | +1.9% | +22.3% |
| Thyrocare TechnologiesApr 2016 | 73.2x | 225x | 8.73x | 73.5x | ₹479 Cr | +49.1% | +49.1% |
Frequently asked
What is the Reliance Nippon Life Asset Management IPO price band and lot size? ₹247–252 per share.
How many times has it been subscribed? 81.5x overall: QIB 118x, NII 209x, retail 5.65x.
How did it list? It opened at ₹296, +17.4% against the issue price of ₹252, and closed its first day +12.9%.
Other IPOs of 2017
Astron Paper & Board MillsFuture Supply Chain SolutionsShalbyHDFC Standard Life Insurance CompanyKhadim IndiaThe New India Assurance CompanyMahindra LogisticsGeneral Insurance Corporation Of India
All 2017 IPOs →
Important: The AI listing estimates on Flash Finance are statistical estimates drawn from
how past Indian IPOs have listed. They are not a forecast of what any IPO will do, not a recommendation to apply, buy or sell,
and not investment advice. Listing prices depend on market conditions on the listing day and can differ widely from any
estimate; past patterns may not repeat. Subscription figures are as published by NSE (bids on NSE and BSE together) and can be
revised. Flash Finance is not a SEBI-registered investment adviser or research analyst. Read the issue's Red Herring
Prospectus and consult a SEBI-registered adviser before you invest.
