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Reliance Nippon Life Asset Management, initial public offer (IPO) opens for subscription on October 25. It has a price band of Rs.247-252 per share.
The initial public offering is of up to 6.12 crore equity shares and it its issue will close on October 27, 2017.
The offer consists of a fresh issue of up to 2,44,80,000 equity shares and an offer for sale of up to 3,67,20,000 equity shares by promoters Reliance Capital and Nippon Life Insurance Company.
Bids can be made for a minimum of 59 equity shares and in multiples of 59 shares thereafter.
