Reliance Nippon Life Asset Management (RNAM) will consider its first interim dividend post listing at its board meeting next week.

The combined bids from the marquee investors are believed to be around Rs 550 crore.

Till Thursday, the IPO was oversubscribed 7.45 times.

Investors bade for 3,49,11,10,771 shares against 4,28,40,000 shares on the block.

Investors bade for 3,48,23,88,919 shares against 4,28,40,000 shares by 12 pm on Friday.

The IPO was oversubscribed 4.64 times yesterday, with the offer getting fully subscribed soon after opening of bids, making it the first-ev...

The issue has received bids for 20,76,32,151 shares compared with the total issue size of 4,28,40,000 shares.

It is the first initial share sale by a major asset management company in India.

The issue received bids for 19,84,66,029 shares against the total issue size of 4,28,40,000.

It will be the first initial share sale by a major asset management company in India.

Anil Ambani-led Reliance Group's asset management arm is expected to see a huge demand of over Rs 15,000 crore from anchor investors.

It will be the first initial public offer (IPO) from the Reliance Group after Reliance Power in 2008.

The IPO size works out to 10 per cent of the post issue paid-up capital of RNAM.

It will also be the first IPO from Reliance Group after Reliance Power in 2008.

IIFL Asset Management buys 2.59 per cent stake for around Rs 390 crore.

Following the sharp increase in market sentiment, the mutual fund industry is also witnessing a huge jump in AUM.

The IPO may get a valuation of Rs 20,000 crore, said a PTI report.