24 Oct 2017, 12:00 AM

Reliance Nippon Life Asset Management Ltd IPO

The issue of Reliance Nippon opens on 25th October and closes on 27th October. The company is issuing shares in the price band of Rs 247 to Rs 252. The issue comprises of a fresh issue of up to 24,480,000 equity shares and an OFS an offer for sale up to 36,720,000 equity shares of face value 10.

Issue details
IPO size: Rs 1542 crores at the upper price band
Face value: Rs 10
Retail portion: 35%
Lot size: 59 shares and in multiples thereafter
Maximum subscription amount: Rs.2,00,000
Listing on: both NSE and BSE

Tentative IPO schedule
Basis of allotment November 1
Unblocking of funds November 3
Credit to demat accounts November 3
Listing on stock exchanges November 6

To apply for an IPO follow these steps: http://bit.ly/applyforanipo
Keep track of all the upcoming IPOs here: http://bit.ly/upcomingipos
Allotment details can be checked here: http://bit.ly/ipostatuscheck