Reliance Nippon Life IPO Details | Should You Invest ? HD

Reliance Nippon Life IPO - upcoming ipo details, issue price, issue date, prospectus, allotment status, listing at BSE, NSE & Reliance Nippon Life Asset Management IPO review Link to read # Face Value in Hindi | फेस वैल्यू क्या है जानिए -http://sharebazar.cashstock.in/face-value-in-hindi/ Objects of the Issue: The Offer consists of the Fresh Issue and the Offer for Sale. Company will not receive any proceeds from the Offer for Sale. The objects for which the Company intends to use the Net Proceeds are as follows: 1. Setting up new branches and relocating certain existing branches; 2. Upgrading the IT system; 3. Advertising, marketing and brand building activities; 4. Lending to our Subsidiary (Reliance AIF) for investment as continuing interest in the new AIF schemes managed by Reliance AIF; 5. Investing towards our continuing interest in new mutual fund schemes managed by us; 6. Funding inorganic growth and other strategic initiatives; and 7. Meeting expenses towards general corporate purposes. Reliance Nippon Life IPO Details: » Issue Open: Oct 25, 2017 - Oct 27, 2017 » Issue Type: Book Built Issue IPO » Issue Size: 61,200,000 Equity Shares of Rs 10 aggregating up to Rs 1,542.24 Cr » Face Value: Rs 10 Per Equity Share » Issue Price: Rs 247 - Rs 252 Per Equity Share » Market Lot: 59 Shares » Minimum Order Quantity: 59 Shares » Listing At: BSE, NSE Source - http://www.cashstock.in/reliance-nippon-life-ipo-details/