Reliance Nippon Life lists at 17% premium against issue price
The stock listed at Rs 296, a 17% premium against its issue price of Rs 252 on the NSE. It was listed at Rs 294 on the BSE. LATEST NEWS : Reliance Nippon Life Asset Management (RNLAM) made a strong debut on the bourses by listing at a 17% premium against its issue price of Rs 252 on the National Stock Exchange (NSE). The stock listed at Rs 294 on the BSE (the Bombay Stock Exchange). At 10:02 AM; the stock was trading at Rs 282 on the BSE and NSE after hitting a low of Rs 278 post its listing. A combined 16.03 million shares changed hands on the counter on the BSE and NSE so far. The company's Rs 1,540 crore initial public offer (IPO) got a strong demand in all the three investor categories. The IPO was oversubscribed 81.54 times at the close of the bidding, with bids for 3,493 million shares, worth Rs 88,023 crore, data available with the stock exchanges showed. The portion of company’s IPO reserved for non-institutional investors was subscribed 209 times wh...