OFS by Reliance Nippon Life Asset Management ( RNAM )

Reliance Nippon Life Asset Management Ltd is going for an Offer For Sale (OFS).

Reliance Nippon Life Asset Management Limited (RNAM) is one of the largest asset management companies in India and is the asset manager of Reliance Mutual Fund Schemes. RMF has a pan India presence across 298 locations and over 71100 empanelled distributors.

RNAM also has the mandates for fund management from Employees' Provident Fund Organisation (EPFO), The Pension Fund Regulatory and Development Authority (PFRDA) and The Coal Mines Provident Fund Organisation (CMPFO).

Please see below details of Reliance Nippon Life Asset Management Ltd. 

RELIANCE NIPPON LIFE ASSET MANAGEMENT LTD
Type	OFS
Symbol	RNAM
Date of Offer for Sale	For Retail Investors : Thursday, 12.09.2019
ISIN No	INE298J01013
No: of shares being offered for sale	Base offer size: 1,93,05,019
	Total shares : 3,86,10,038 (With an additional option to sell up to 1,93,05,019 shares)
Offer Size for Retail Investors	Base offer size: 19,30,502
	Total shares : 38,61,004 (With an additional option to sell up to 19,30,502 shares)
Face Value	Rs. 10/-
Floor Price (Rs)	Rs. 262 /-
Discount to Retail	NA
Tick Price	Rs 0.05
Lot Size	1 Equity Share
Allocation Methodology	Price Priority Method
Stock exchanges	BSE & NSE
Exchange Bidding Time	09:15 AM to 15:30 PM
Reservation Portion for Retail	10% of Issue Size reserved for Retail Investors

"As per SEBI OFS Guidelines, Retail bids below the cut-off price shall not be eligible for allocation. The clearing price of non-retail category on T- day shall be the cut-off price."

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