Reliance Nippon Life Asset Management Ipo Prospectus

Reliance nippon life asset management ipo prospectus

Reliance nippon life asset management ipo prospectus

Introduction: Reliance Nippon Life Asset Management Ltd is a asset management company controlled from Mumbai. Reliance Nippon holds around 11% of the mutual fund offering in India.

Reliance nippon life asset management ipo prospectus

The healthy margins have made it one of the best profitable companies in India. Company manages 55 open-ended mutual fund schemes including 16 ETFs and 174 closed ended schemes

Date of Establishment: Company was formed in the year 1995. 

Product & Service Offering: Reliance nippon manages

     1.

About Nippon Life India Asset Management Limited

Mutual funds (including ETFs);
     2. Managed accounts, including portfolio management services, alternative investment funds (AIFs) and pension funds; and
     3.

Reliance nippon life asset management ipo prospectus

Offshore funds and advisory mandates.

Customer Segment: The company manages its retail customers through its network of 170+ branches and 58,000 distributors  

Promoters of Reliance Nippon

     1.

Reliance Capital Limited; and
     2.

Reliance nippon life asset management ipo prospectus

Nippon Life Insurance Company

Objects of the Issue

The offer consists of the fresh Issue and the Offer for Sale. Company will not receive any proceeds from the Offer for Sale.

The Net Proceeds would be utilized for :

  1. Setting up new branches

  2. Modernization of IT systems

  3. Marketing & Branding

  4. Lending to its subsidiary

  5. Funding inorganic growth and other strategic initiatives; and

  6. Meeting expenses towards general corporate purposes. 

Company Financials:

ParticularsFor the year/period ended (in Rs.

Reliance Nippon Life Asset Management Ltd: IPO opens on 25-27 Oct 2017 = क्या करें ???

million)

 31-Mar-1731-Mar-1631-Mar-1531-Mar-1431-Mar-13
Total Assets20,198.1018,857.9116,629.9716,812.0815,087.00
Total Revenue14,004.3812,710.709,301.157,840.267,126.74
Profit After Tax4,055.703,901.243,495.943,023.011,989.60