May 24, 2019

Reliance Nippon Life -OFS -27/05/2019-For Retail

RELIANCE NIPPON LIFE ASSET MANAGEMENT LTD 

Type

OFS

Symbol

RNAM

Date of Offer for Sale

For Non-Retail Investors : Friday, 24.05.2019

For Retail Investors : Monday, 27.05.2019

ISIN No

INE298J01013

No: of shares being offered for sale

Base offer size: 3,21,10,091

Total shares : 5,29,73,245 (With an additional option to sell up to 2,08,63,154 shares)

Offer Size for Retail Investors

Base offer size: 32,11,009

Total shares : 52,97,325 (With an additional option to sell up to 20,86,315 shares)

Face Value

Rs. 10/-

Floor Price (Rs)

Rs. 218 /-

Discount to Retail

NA

Tick Price

Rs 0.05

Lot Size

1 Equity Share

Allocation Methodology

Price Priority Method

Stock exchanges

BSE & NSE

Exchange Bidding Time

09:15 AM to 15:30 PM

Reservation Portion for Retail

10% of Issue Size reserved for Retail Investors

"As per SEBI OFS Guidelines, Retail bids below the cut-off price shall not be eligible for allocation. The clearing price of non-retail category on T- day can be the Cut-off price."


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