Reliance Nippon Life Asset Management IPO GMP History
Reliance Nippon Life Asset Management IPO has been listed on November 6, 2017 at a listing price of ₹295.9, against the issue price of ₹252 — a gain of ₹43.9 (+17.42%). The GMP peaked at ₹72.5 on 29 October 2017 and reached a low of ₹42.5 on 3 November 2017. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Reliance Nippon Life Asset Management IPO raised ₹1542.24 Cr. through its IPO at a price band of ₹247 to ₹252 per share, with a lot size of 59 shares. The IPO was open for subscription from 25 Oct 2017 to 27 Oct 2017.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 12 Nov, 3:11 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 03 Nov 2017 | ₹ 42.5 | ▼ | 17% | — | — |
| 02 Nov 2017 | ₹ 62.5 | — | 25% | — | — |
| 01 Nov 2017 | ₹ 62.5 | — | 25% | — | — |
| 31 Oct 2017 | ₹ 62.5 | — | 25% | — | — |
| 30 Oct 2017 | ₹ 62.5 | ▼ | 25% | — | — |
| 29 Oct 2017 | ₹ 72.5 | — | 29% | — | — |
| 28 Oct 2017 | ₹ 72.5 | — | 29% | — | — |
| 27 Oct 2017 | ₹ 72.5 | — | 29% | — | — |
| 26 Oct 2017 | ₹ 72.5 | ▲ | 29% | — | — |
| 25 Oct 2017 | ₹ 62.5 | — | 25% | — | — |
| 24 Oct 2017 | ₹ 62.5 | — | 25% | — | — |
| 23 Oct 2017 | ₹ 62.5 | — | 25% | — | — |
| 22 Oct 2017 | ₹ 62.5 | — | 25% | — | — |
| 21 Oct 2017 | ₹ 62.5 | — | 25% | — | — |
| 20 Oct 2017 | ₹ 62.5 | — | 25% | — | — |
| 19 Oct 2017 | ₹ 62.5 | — | 25% | — | — |
| 18 Oct 2017 | ₹ 62.5 | — | 25% | — | — |
| 17 Oct 2017 | ₹ 62.5 | — | 25% | — | — |
| 16 Oct 2017 | ₹ 62.5 | — | 25% | — | — |
Reliance Nippon Life Asset Management IPO dates
Key dates from opening to listing. Today is 13 November.
- Open 25 Oct 2017
- Close 27 Oct 2017
- Allotment 01 Nov 2017
- Refund/credit 03 Nov 2017
- Listing 06 Nov 2017
Reliance Nippon Life Asset Management IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹252 |
|---|---|
| GMP-based estimate (pre-listing) | ₹294 (+16.7%) |
| Listing gain / loss | +₹43.9 per share |
| Listing date | 06 Nov, 2017 |
| Actual listing price | ₹295.9 (+17.42%) |
Is Reliance Nippon Life Asset Management IPO GMP reliable?
Grey market premium for Reliance Nippon Life Asset Management IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Reliance Nippon Life Asset Management IPO full review for a fundamentals-based assessment before making any grey market trades.
Reliance Nippon Life Asset Management IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Reliance Nippon Life Asset Management IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Reliance Nippon Life Asset Management IPO
Reliance Nippon Life Asset Management Limited is a Mumbai based asset management company. Its promoters are Reliance Capital and Nippon Life Insurance.
It had a market share of over 11.4% of mutual fund offerings in India and was ranked the second most profitable asset management company in India.
Reliance Capital is an RBI registered NBFC with interests across financial services.
The IPO was Rs 1,542.24 crore, with Rs 616.90 crore of fresh issue and Rs 925.34 crore of offer for sale, at Rs 252, the top of the Rs 247 to Rs 252 band. The fresh money was for branches, IT, brand building, and investments in its own funds and AIF arm.
Frequently asked
What is the GMP of Reliance Nippon Life Asset Management IPO?
The current Grey Market Premium (GMP) of Reliance Nippon Life Asset Management IPO is ₹ 42.5.
What is the Kostak Price of Reliance Nippon Life Asset Management IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Reliance Nippon Life Asset Management IPO is not available.
What is the Subject to Sauda Price of Reliance Nippon Life Asset Management IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Reliance Nippon Life Asset Management IPO?
Reliance Nippon Life Asset Management IPO listed on November 6, 2017 at ₹295.9, against the issue price of ₹252 — a gain of +17.42%.
How did the GMP of Reliance Nippon Life Asset Management IPO trend before listing?
The GMP of Reliance Nippon Life Asset Management IPO was falling in its final days before listing. The GMP peaked at ₹72.5 on 29 October 2017. View the day-wise table above for the complete GMP history.
Explore Reliance Nippon Life Asset Management IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
