Reliance Nippon Life IPO Issue, Allotment, Listing, Status, GMP

Reliance Nippon Life IPO

Reliance Nippon Life Insurance Company is amongst the leading private sector life insurance companies in India in terms of individual WRP.  The company is one of the largest non-bank supported private life insurers with over 10 million policyholders.

Reliance Nippon Life Insurance Company is a part of Reliance Capital, one of India’s leading private sector financial services companies, which ranks among the top private sector financial services and non-banking companies, in terms of net worth.

Reliance Capital has interests in asset management and mutual funds, stock broking, life & general insurance, proprietary investments, private equity and other activities in financial services.

Reliance Nippon Life Insurance Company initial public offering is scheduled to open for subscription on October 25, 2017. The Company seeks to raise up to Rs1,542 crore from IPO. The fixed the price band at Rs 247-252 per share.

 Reliance Nippon Life IPO details
Subscription Dates 25 to 27 Oct 2017
Issue Price Rs. 247 – 252 Per Equity Share
Fresh issue 2.448 Crore Shares
Offer For Sale 3.672 Crore Shares
Total IPO Size INR 1542 Crore (approx)
Minimum Lot Size (Bid) 59 Shares
Face Value Rs 10 Per Equity Share
Listing on BSE and NSE
Retail Allocation 35%

Reliance Nippon Life IPO Lead Managers

  • Nomura Financial Advisory and Securities (India) Private Limited
  • Axis Capital Limited
  • Edelweiss Financial Services Limited
  • IIFL Holdings Limited
  • SBI Capital Markets Limited
  • YES Securities (India) Limited
  • JM Financial Institutional Securities Limited
  • CLSA India Private Limited
Reliance Nippon Life IPO Allotment and Listing details
Allotment Date 01 Nov, 2017
Refund Date 03 Nov, 2017
Demat Account Credit Date 03 Nov, 2017
Listing Date: 06 Nov, 2017
Check Allotment Status: Click here..

Reliance Nippon Life IPO Registrar

Karvy Computershare Private Limited
Karvy Selenium Tower B Plot 31-32,
Gachibowli Financial District, Nanakramguda
Hyderabad 500 032, India
Tel: +91 40 6716 2222
Fax: +91 40 2343 1551

Company Address

Reliance Nippon Life
Reliance Centre, 7th Floor, South Wing,
Off Western Express Highway, Santacruz (East),
Mumbai 400 055, Maharashtra
E-mail :