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Nippon Life India Asset Management Limited IPO
MainboardRs 14,868 / 59 Shares
Nippon Life India Asset Management Limited IPO Details
The Nippon Life India Asset Management Limited IPO price band is set between Rs 247 - Rs 252 Per Equity Share, with a face value of Rs 10 per share. The issue is managed by Karvy Computershare Private Limited, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 25 Oct, 2017 and closes on 27 Oct, 2017. Investors can check the allotment status on 2 Nov, 2017, while the listing date is tentatively scheduled for 6 Nov, 2017.
The total issue size is 6,12,00,000 Equity Shares of Rs 10 with aggregating up to Rs 1542.24 Cr, aggregating up to . Stay tuned for the latest Nippon Life India Asset Management Limited IPO review and GMP updates.
Nippon Life India Asset Management Limited IPO Review, Rating & Analysis
Nippon Life India Asset Management Limited IPO Review
NO REVIEWNippon Life India Asset Management Limited IPO Rating
Nippon Life India Asset Management Limited IPO Highlights
IPO Date
Oct 25, 2017 - Oct 27, 2017
Listing Date
6 Nov, 2017
Face Value
Rs 10 Per Equity Share
Price Band
Rs 247 - Rs 252 Per Equity Share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
NSE, BSE
Nippon Life India Asset Management Limited IPO Lot Size
The minimum market lot for Nippon Life India Asset Management Limited IPO is 59 shares with an application amount of ₹14,868. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 59 | ₹14,868 |
| Retail (Max) | 13 | 767 | ₹1,93,284 |
| S-HNI (Min) | 14 | 826 | ₹2,08,152 |
| S-HNI (Max) | 67 | 3953 | ₹9,96,156 |
| B-HNI (Min) | 68 | 4012 | ₹10,11,024 |
Nippon Life India Asset Management Limited IPO Timeline
Issue Price
Rs 247 - Rs 252 Per Equity ShareFace Value
Rs 10 Per Equity ShareListing at Group
NSE, BSERegistrar
Karvy Computershare Private LimitedLead Manager
JM Financial Institutional Securities Limited, CLSA India Private Limited, Nomura Financial Advisory and Securities (India) Private Limited, Axis Capital Limited, Edelweiss Financial Services Limited, IIFL Holdings Limited, SBI Capital Markets Limited and Yes Securities (India) LimitedIssue Size
6,12,00,000 Equity Shares of Rs 10 with aggregating up to Rs 1542.24 CrPromoters & Share Holding
Promoter(s) Name
- Reliance Capital Limited
- Nippon Life Insurance Company
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| N/A | N/A |
About Company
Nippon Life India Asset Management Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 1,22,40,000 | 91,80,000 | 2,14,20,000 | 4,28,40,000 |
Day 1 -25-10-17 | 6.13 x | 11.38 | 0.9 x | 4.65 x |
Day 2 -26-10-17 | 9.8 x | 16.16 | 2.38 x | 7.46 x |
Day 3 -27-10-17 | 118.41 x | 209.44 | 5.39 x | 81.41 x |
Frequently Asked Questions about Nippon Life India Asset Management Limited IPO IPO
When will Nippon Life India Asset Management Limited IPO open for subscription?
The Nippon Life India Asset Management Limited IPO opens on 25 Oct, 2017 and closes on 27 Oct, 2017.
What is the investors portion for Nippon Life India Asset Management Limited IPO?
The investors' portion for QIB is 118.41 x, NII is 209.44, and Retail is 5.39 x.
How to apply for Nippon Life India Asset Management Limited IPO?
You can apply for Nippon Life India Asset Management Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Nippon Life India Asset Management Limited IPO?
The issue size of Nippon Life India Asset Management Limited IPO is approx ₹6,12,00,000 Equity Shares of Rs 10 with aggregating up to Rs 1542.24 Cr crores.
What is the price band of Nippon Life India Asset Management Limited IPO?
The price band for Nippon Life India Asset Management Limited IPO is Rs 247 to ₹ Rs 252 Per Equity Share.
What is the lot size of Nippon Life India Asset Management Limited IPO?
The minimum bid (lot size) for Nippon Life India Asset Management Limited IPO is 59 shares with an investment of approx Rs 14,868 .
What is the allotment date of Nippon Life India Asset Management Limited IPO?
The allotment date for Nippon Life India Asset Management Limited IPO is 2 Nov, 2017.
What is the listing date of Nippon Life India Asset Management Limited IPO?
The listing date for Nippon Life India Asset Management Limited IPO is expected to be 6 Nov, 2017.
What is the GMP of Nippon Life India Asset Management Limited IPO?
The latest Grey Market Premium (GMP) for Nippon Life India Asset Management Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.