The issue of Reliance Nippon opens on 25th October and closes on 27th October. The company is issuing shares in the price band of Rs 247 to Rs 252.
About Reliance Nippon
Reliance Nippon Life Asset Management Ltd is one of the largest Asset Management
Companies (AMC) in India. It ranks as the 3rd largest AMC in terms of mutual fund quarterly average AUM(QAAUM). The company had total AUM of INR3.6 tn as of June 2017 and commanded a market share of 11.4% with over 7 million folios. It also provides portfolio management services (PMS) to a clutch of HNIs and institutional investors including EPFO and Coal Mines Provident Fund Organization (CMPFO). Reliance Capital Pension Fund Limited subsidiary also manages assets under the National Pension System. The company manages 55 open-ended mutual fund schemes including 16 ETFs.
Business Details
AUM trends
| 2016 | 2017 | Q1FY18 | ||||
|---|---|---|---|---|---|---|
| Fund Category | In Cr | % of total QAUM | In Cr | % of total QAUM | In Cr | % of total |
| Debt | 70151 | 46 | 93888 | 50 | 102840 | 46 |
| Equity | 48981 | 32 | 53360 | 28 | 64410 | 29 |
| Debt - Liquid | 32299 | 21 | 36216 | 19 | 41564 | 19 |
| Gold | 1369 | 1 | 1953 | 1 | 2674 | 1 |
| ETF | 453 | 0.3 | 3744 | 2 | 11475 | 5 |
| Total | 153251 | 100 | 189161 | 100 | 222964 | 100 |
AUM to GDP
| Country | Total AUM to GDP% |
|---|---|
| Australia | 136 |
| USA | 104 |
| Germany | 59 |
| Brazil | 56 |
| UK | 54 |
| South Africa | 46 |
| India | 10 |
| Global | 55 |
| FY16, RHP |
Mutual fund penetration
| Year | Mutual Fund % of Net Financial Saving | Net Financial Saving % as household saving |
|---|---|---|
| FY12 | 1.32 | 31.1 |
| FY13 | 1.12 | 32.9 |
| FY14 | 1.8 | 36.5 |
| FY15 | 1.53 | 36.1 |
| FY16 | 2.94 | 41.5 |
Shareholding Pattern
| No of shares | No of shares | |||
|---|---|---|---|---|
| (Pre-issue) | % | (Post-issue) | % | |
| Promoter | 561510000 | 96 | 524790000 | 86 |
| Investor/Public | 26010000 | 4 | 87210000 | 14 |
| Total | 587520000 | 100 | 612000000 | 100 |
Purpose of the issue
- Setting up new branches and relocating certain existing branches
- Upgrading the IT system
- Advertising, marketing and brand building activities
- Lending to our Subsidiary (Reliance AIF) for investment as continuing interest in the new AIF schemes managed by Reliance AIF
- Investing towards our continuing interest in new mutual fund schemes managed by us
- Funding inorganic growth and other strategic initiatives
- Meeting expenses towards general corporate purposes
Issue details
IPO size: Rs 1542 crores at the upper price band
Face value: Rs 10
Retail portion: 35%
Lot size: 59 shares and in multiples thereafter
Maximum subscription amount: Rs.2,00,000
Listing on: both NSE and BSE
Tentative IPO schedule
Basis of allotment November 1
Unblocking of funds November 3
Credit to demat accounts November 3
Listing on stock exchanges November 6
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