Reliance Nippon Life Asset Management IPO Subscription Status
Reliance Nippon Life Asset Management IPO was subscribed 81.54 times when bidding closed on 27 Oct 2017: QIB 118.4x, NII 209.44x, Retail 5.65x.
The Reliance Nippon Life Asset Management IPO has been subscribed 81.54x times overall. Retail investors have shown interest with bids for 5.65x the shares available. The Non-Institutional Investor (NII) category has been subscribed 209.44x. Qualified Institutional Buyers (QIBs) have subscribed 118.4x. Data last updated on 12 Nov, 03:11 PM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 25 Oct, 2017 and closes on 27 Oct, 2017. The shares are expected to list on stock exchanges on 06 Nov, 2017.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | - of - - | 118.4x |
| NII | - of - - | 209.44x |
| Retail | - of - - | 5.65x |
| TOTAL | - - | 81.54x |
Reliance Nippon Life Asset Management IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 17.7% for a single lot.
Institutional Backing
Massive institutional interest with QIBs subscribing 118.4x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 1-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
27 Oct 2017
Day 1 |
81.54x | ▼ | |
|
QIB118.4x
BHNI-
SHNI-
Retail5.65x
|
|||
Reliance Nippon Life Asset Management IPO dates
From the bidding window 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
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Reliance Nippon Life Asset Management IPO?
As of IPO close date (27 Oct, 2017), the Reliance Nippon Life Asset Management IPO is subscribed 81.54x times. Retail category is 5.65x, and NII is 209.44x subscribed.
When is the allotment date for Reliance Nippon Life Asset Management IPO?
The allotment for Reliance Nippon Life Asset Management IPO is expected to be finalized on 01 November, 2017.
What is the GMP of Reliance Nippon Life Asset Management?
The Grey Market Premium (GMP) for Reliance Nippon Life Asset Management is currently ₹42.5, indicating a potential listing gain of 17%.
When will Reliance Nippon Life Asset Management IPO list on the stock market?
Reliance Nippon Life Asset Management is scheduled to list on BSE and NSE on 06 November, 2017.
What are the chances of getting allotment in Reliance Nippon Life Asset Management IPO?
The retail category is oversubscribed at 5.65x, meaning allotment is by lottery. Statistically, approximately 1 in 6 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 118.4x mean for Reliance Nippon Life Asset Management IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 118.4x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check Reliance Nippon Life Asset Management IPO allotment status?
After the allotment date (01 Nov, 2017), you can check your Reliance Nippon Life Asset Management IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Reliance Nippon Life Asset Management IPO further
Track every stage of this IPO, from subscription to listing.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
