Thursday, October 12, 2017

Reliance Nippon IPO opens on 25th Oct, price band set

Reliance Nippon IPO has set the price in the band of Rs 247 -252. The IPO opens on25th Oct and closes on 27th.

The company is expected to raise around Rs 1,540 crore through the issue.

JM Financial Institutional Securities, CLSA India, Nomura Financial Advisory and Securities  and Axis Capital are global co-ordinators and book running lead managers to the issue. Edelweiss Financial Services, IIFL Holdings, SBI Capital Markets and Yes Securities are the book running lead managers to the issue.

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