Nippon Life India Asset Management Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of 61,200,000 equity shares of face value of Rs.10 ("Equity Shares") of Reliance Nippon Life Asset Management Ltd ("Company" or "Issuer") for cash at a price of Rs.252 per equity share including a share premium of Rs. 242 per equity share (The "Offer Price"), aggregating to Rs. 1542.24 Crores (The "Offer") comprising a fresh issue of 24,480,000 equity shares by the company aggregating up to Rs. 616.90 Crores (The "Fresh Issue") and an offer for sale of 36,720,000 equity shares aggregating to Rs.925.34 Crores by the selling shareholders. The offer shall constitute 10% of the Post-Offer paid-up equity share capital of the company. The anchor investor offer price is Rs.252 per equity share. The face value of the equity share is Rs.10. The offer price is Rs.252 per equity share and is 25.20 times the face value of the equity share.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- There are outstanding proceedings against Company, and certain of its Subsidiaries, Promoters, Directors and Group Companies and any adverse outcome in any of these proceedings may adversely affect its profitability and reputation and may have an adverse effect on its business, results of operations and financial condition.
- Company's future revenue and profit are largely dependent on the growth, value and composition of AUM of the schemes managed by it, which may decline.
- Underperformance of investment products in respect of which it provide asset management services could lead to a loss of investors and reduction in AUM and adversely affect its revenue and reputation.
- Company's business has grown consistently in the recent past and such growth might not continue or might reverse.
- The regulations that apply to the industry in which it operate may change.