News From Press Reliance Nippon Life IPO subscribed 4.63 times on Day 1

Reliance Nippon Life IPO subscribed 4.63 times on Day 1

Source: Economic Times Oct 26, 2017

The initial public offerings (IPO) by Reliance Nippon Life Asset Management (RNAM) got subscribed 4.63 times on the first day of offer on Wednesday till 5 pm (IST).

The Rs 1,542.42-crore IPO received bids for 19,84,66,029 shares against the total issue size of 4,28,40,000 shares, as per data available with the NSE.

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