Reliance Nippon Life Asset Management Ltd is going for an Offer For Sale (OFS).
Reliance Nippon Life Asset Management Limited (RNAM) is one of the largest asset management companies in India and is the asset manager of Reliance Mutual Fund Schemes. RMF has a pan India presence across 298 locations and over 71100 empanelled distributors.
RNAM also has the mandates for fund management from Employees' Provident Fund Organisation (EPFO), The Pension Fund Regulatory and Development Authority (PFRDA) and The Coal Mines Provident Fund Organisation (CMPFO).
Please see below details of Reliance Nippon Life Asset Management Ltd.
RELIANCE NIPPON LIFE ASSET MANAGEMENT LTD
Date of Offer for Sale
For Retail Investors : Thursday, 12.09.2019
No: of shares being offered for sale
Base offer size: 1,93,05,019
Total shares : 3,86,10,038 (With an additional option to sell up to 1,93,05,019 shares)
Offer Size for Retail Investors
Base offer size: 19,30,502
Total shares : 38,61,004 (With an additional option to sell up to 19,30,502 shares)
Floor Price (Rs)
Rs. 262 /-
Discount to Retail
1 Equity Share
Price Priority Method
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 shall be the cut-off price."
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