Reliance Nippon Life Asset Management Limited which had tapped the capital markets with its offer for sale of 6.12 cr shares in a price band of Rs 247-252 was subscribed 81.54 times.
The issue was subscribed 118.40 times by QIB investors, 209.44 times by HNI Investors and was subscribed 5.65 times by retail investors. There were 16.37 lakh applications and the same on basis of lots was subscribed 4.51 times.

The cost of funding for the leveraged HNI would be between Rs 55-56. Rs ompleted allocation to anchor investors. Earlier the company had allotted 1,83,60,000 shares to 35 anchor investors at Rs 252.

The highest allocation was made to BNP Paribas Arbitrage fund of 2063 lakhs which amounts to 11.24% of the anchor allotment.

Full details of the subscription bucket wise is given below:-