Reliance Nippon Life IPO Listing Date & Price Details

Reliance Nippon Life AM IPO  has good subscription numbers while gmp stable at 40-50 which is good to see for ADAG group.With a price of Rs.252 it looks good with good results as well. Being one of the top 5 companies in Asset Management stock is good to go. Retail subscription was not that good. It was around 5.65 times but QIB 118 times and HNI 209 times shows a good interest in this IPO. This will not be a RPower but ADAG group company will give surely a good return on listing day. We can expect a listing around Rs.300-320 with higher side around 330-340 while down side around 260-270 levels. All eye will be on Reliance Nippon and the indices if Indices will be in green we can expect to break the higher side as well.

Reliance Nippon IPO Listing Date, Listing Price, NSE Code, ISIN Number & Other Details are given below:

BSE Code	540767
NSE Code	RNAM
Group	B
ISIN No	INE298J01013
Offer Price	Rs.247 / 252
Face Value	Rs.10
Listing Date	06-Nov-17, Monday

Reliance Nippon IPO Listing Price: Live Quote

Details	BSE Listing	NSE Listing
Listing Price	294.00	295.90
High Price	298.70	299.00
Low Price	278.00	278.00
Close Price	284.00	284.40

Reliance Nippon Life IPO Subscription: (Fully Subscribed)

Day	QIB	NII	RII	EMP	Total
Day 1	6.13	11.38	0.90	N/A	4.64
Day 2	9.80	16.16	2.38	N/A	7.45
Day 3	118.40	209.44	5.65	N/A	81.54

Reliance Nippon Life IPO Dates & Price Band: (Approx)

• IPO Open: 25-October-2017
• IPO Close: 27-October-2017
• IPO Size: Approx Rs. 1542 Crore (Approx)
• Face Value: Rs. 10 Per Equity Share
• Price Band: Rs. 247 to 252 Per Share
• Listing on: BSE & NSE
• Retail Portion: 35%
• Equity: 6,12,00,000 Shares

Reliance Nippon Life IPO Market Lot:

• Shares: Apply for 59 Shares (Minimum Lot Size)
• Amount: Rs. 14,868

Reliance Nippon Life IPO Allotment & Listing:

• Basis of Allotment: 1-November
• Refunds: 3-November
• Credit to demat accounts: 3-November
• Listing: 6-November