1288. R R Patel| Link| Bookmark|
November 4, 2017 9:55:41 PM
IPO Mentor (800+ Posts, 3400+ Likes)
Reliance Nippon Life Asset Management (RNAM) IPO listing on Monday, November 06, 2017. Expected listing price 302(+-4) and day range 295 @lower side & 342 @upper side.
The Business of Reliance Nippon is of Mutual Funds. This is an emerging business in India and witnessing huge growth in recent times. This is the first mutual funds company to get listed. Those who have not got should buy on listing day if you manage to get it below 350
NEW DELHI: Marquee investors including Rakesh Jhunjhunwala, Akash Bhansali and Nimesh Shah have put in bids for the recently closed Reliance Nippon Life Asset Management (RNAM) IPO, sources told ET Now
The people who have not got it are saying that GMP should be 50-60. The people who have got it are saying GMP of 150
As per the subscription figures (200 times NII) and considering interest from Investors like Rakesh Jhunjhunwala, the GMP of this share should be around 100-120.
45-50% listing premium can be expected. If it opens below 370, then its a good time to buy
Those who allotted don''t sale with 50 RS. gain, wait for few days and hold if you can for little long. Because if got it in IPO your loss ID near impossible but 400 500 target is also possible.