Reliance Nippon IPO Fully Subscribed

Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts

     Soon after Opening the IPO issue of Reliance Nippon received overwhelming response and was subscribed fully in a minute's time. Of the HNI and institutional investors share, both received oversubscription to the tunes of 6 and 1.66 times respectively. During the time, retail investors subscribed 1.02 times.

     Reliance Nippon IPO Fully Subscribed

    The issue that opened today shall close on October 27 comprises of 4,28,40,000 shares with a price band of Rs 247-252 per equity share.

    Just before the opening of the issue the asset management company mopped up over Rs. 462 from anchor investors.

    The brokerage houses have given a 'Subscribe' rating to the issue given the healthy valuations of the company which seem fair in the light of the company's business as well as multitude of product offerings. Further, the distribution wing of the company augurs well for the largest AMC in the country.

    Story first published: Wednesday, October 25, 2017, 11:49 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'
    India's LARGEST EVER political poll. Have you participated yet?

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more