The shares of Reliance Nippon AMC
will be listed on the National Stock Exchange (NSE) on Monday, Nov 6. The
listing ceremony at NSE will be attended by the Reliance group chairman Anil
Ambani; Anmol Ambani, ED, Reliance Capital; among other company dignitaries of
the company.
The initial offer sale aimed at
raising an estimated Rs. 1,542.24 crore, received bids for 3,493 mln shares
against the total issue size of 4,28,40,000.
The IPO had opened for subscription
from Oct 25- 27, 2017 in a price band of Rs. 247- 252, which was oversubscribed
by 81.54 times at the close of the bidding.
The Rs 1,540 crore IPO saw healthy
demand in all three investor categories. The institutional portion was oversubscribed
118 times; HNI segment was oversubscribed by 209.44 times and retail investor
portion by five times.
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