Reliance Nippon Life Asset Management (RNAM), which successfully concluded its initial public offer last week, will make its stock market debut on Monday.
The company's IPO was oversubscribed 81.54 times during October 25-27, data available with the NSE showed.
The Rs 1,540-crore offering saw healthy demand in all three investor categories.
The portion meant for qualified institutional buyers (QIBs) was oversubscribed 118.40 times, non institutional investors 209.44 times and retail investors 5.65 times, as per NSE data. The IPO was oversubscribed 81.54 times at the close of the bidding, with bids for 3,493 million shares, worth Rs 88,022.67 crore.
