India
NRI
ABOUT THE ISSUER
Reliance Nippon Life Asset Management Limited is ranked the 3rd Largest Asset Management Company, in terms of Mutual Fund quarterly average AUM (“QAAUM”) with a market share of 11.4%, as of June 30, 2017, according to ICRA. The Company is promoted by Reliance Capital Limited, an RBI registered Non-Banking Finance Company. The Company’s co-promoter, Nippon Life Insurance Company (“Nippon Life”) is one of the leading private life insurers in Japan with assets of approx. USD 57,700 crore as of March 31, 2017.
ISSUE DETAILS
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Price Band
Rs.247 - Rs.252
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Bid Lot
59 Shares and in multiple thereof
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Issue period
October 25 - October 27, 2017
STEPS
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Step 1
Log in to your AxisDirect account
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Step 2
Under Trading tab, click on IPO/OFS section
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Step 3
Click on “Current IPO/FD/OFS” tab
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Step 4
Select ‘Reliance Nippon Life Asset Mgmt. Ltd’ & “apply”