Reliance Nippon IPO raises Rs 462.67 Cr from anchor investors

India Infoline News Service | Mumbai | October 25, 2017 13:33 IST

Reliance Nippon Life Asset Management Limited IPO raises Rs 462.67 Cr from anchor investors which opened and closed on October 24, 2017.

Reliance Nippon Life Asset Management Limited IPO raises Rs 462.67 Cr from anchor investors which opened and closed on October 24, 2017.

The anchor book received an overwhelming response for the investors as it was subscribed 30+ times.

Reliance Nippon Life Asset Management Limited allocated 18,360,000 shares to 35 anchor investors at the higher end of the IPO price band of Rs 252 per share.

Few of the prominent names include:
  • Large Sovereign Wealth Fund - Abu Dhabi Investment Authority, Kuwait Investment Authority
  • Foreign institutional investors - Fidelity International, Morgan Stanley, Eastspring Investments, Columbia Threadneedle Investments, Pictet, DE SHAW and Neuberger Berman
  • Top mutual fund houses - HDFC MF, Birla MF, SBI MF, UTI MF, DSP Blackrock MF, IDFC MF
  • Large private insurance companies - ICICI Prudential Life,  Bajaj Allianz
 

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