Reliance Nippon Life AMC IPO subscribed 81 times


The initial public offering (IPO) by Reliance Nippon Life Asset management (RNAM) was subscribed 81.47 times on the last day.The IPO was fully subscribed on the first day

The issue has received bids for 3,49,02,60,345 shares as compared with the total issue size of 4,28,40,000 shares.

The Reliance Nippon AMC IPO has set a price band of Rs247-252 per share.The IPO was opened between October 25 and 27.