Reliance Nippon Life Asset Management Limited - Track Record

Transcription

1 Name of the issue: Reliance Nippon Life Asset Management Limited 1 Type of issue (IPO/ FPO) Initial Public Offer ("IPO") 2 Issue size (Rs crore) 1, Grade of issue along with name of the rating agency Not Applicable 4 Subscription level (number of times)* * Before technical rejections and including Anchor portion Source: Final Post Issue Monitoring Report dated November 6, QIB holding (as a % of total outstanding capital)* as disclosed to stock exchanges 6 %age (i) allotment in the issue (1) 5.00% (ii) at the end of the 1st Quarter immediately after the listing of the issue (as of December 31, 2017) 10.15% (iii) at the end of 1st FY (March 31, 2018) 10.51% (iv) at the end of 2nd FY (March 31, 2019) (2) (v) at the end of 3rd FY (March 31, 2020) (2) * QIB holding disclosed represents the sum of the 'Institutions' category in the reporting (1) Source: Basis of Allocation and Prospectus dated October 30, 2017 (2) QIB Holding is not disclosed as reporting for relevant fiscal period / year has not been completed Financials of the issuer (as per the annual financial results submitted to stock exchanges under SEBI Listing Obligations and Disclosure Requirement Regulations, 2015, as applicable) (Rs. in crores) Parameters 1st FY (March 31, 2018) 2nd FY (March 31, 3rd FY (March 2019) (1) 31, 2020) (1) Income from operations 1,586 Net Profit for the period 522 Paid-up equity share capital 612 Reserves excluding revaluation reserves (2) 1,675 (1) Financials not disclosed as reporting for the relevant fiscal year has not been completed. (2) Represents Reserves and Surplus as reported to stock exchanges for the relevant fiscal year.

2 7 Trading status in the scrip of the issuer The company's equity shares are listed on the BSE Limited ("BSE") and the National Stock Exchange of India Limited ("NSE") The shares have not been suspended or delisted (i) at the end of 1st FY (March 31, 2018) (ii) at the end of 2nd FY (March 31, 2019)* (iii) at the end of 3rd FY (March 31, 2020)* * Trading status not disclosed as reporting for the relevant fiscal year has not been completed. Status Frequently Traded 8 Change, if any, in directors of issuer from the disclosures in the offer document (i) at the end of 1st FY (March 31, 2018) (ii) at the end of 2nd FY (March 31, 2019)* (iii) at the end of 3rd FY (March 31, 2020)* Source: NSE and BSE * Changes in Directors not disclosed as reporting for the relevant fiscal years has not been completed Name of Director Nature of changes 9 Status of implementation of project/ commencement of commercial production (i) as disclosed in the offer document As disclosed in the Prospectus dated October 30, 2017, the objects of the issue are as below: (Figures in INR million) Amount proposed to be Total Estimated Cost funded from Net Amount to be deployed from the Net Proceeds in Proceeds Fiscal 2019 Fiscal 2020 Fiscal 2021 Setting up new branches and relocating certain existing branches Upgrading the IT system Advertising, marketing and brand building activities Lending to our Subsidiary (Reliance 1, , Investing towards our continuing interest in new mutual fund 1, , Funding inorganic growth and 1, , * General corporate purposes Total 5, , , , * * For the purposes of abovementioned presentation of aggregate deployment of the Net Proceeds over the Fiscals , towards the object of Funding inorganic growth and strategic initiatives, it has been assumed that the said deployment will be made in the Fiscal 2021

3 (ii) Actual implementation (Figures in INR million) Amount to be utilized as per Prospectus Revised amount to be utilized* Amount utilized upto March 31, 2018* Unutilized amount as of March 31, 2018 Setting up new branches and relocating certain existing branches Upgrading the IT system Advertising, marketing and brand building activities Lending to our Subsidiary (Reliance AIF) for investment of continuing interest in the new AIF schemes managed by Reliance AIF , , ,170.0 Investing towards our continuing interest in new mutual fund 1, , schemes managed by us Funding inorganic growth and strategic initiatives 1, , ,650.0 General corporate purposes Total 5, , , ,540.5 * Source: Notes to the Consolidated Financial Statements as disclosed by the Company to the stock exchange. (iii) Reasons for delay in implementation, if any Not Applicable

4 10 Status of utilization of issue proceeds (i) as disclosed in the Prospectus Setting up new branches and relocating certain existing branches Fiscal 2019 Fiscal 2020 Fiscal 2021 Upgrading the IT system Advertising, marketing and brand building activities Lending to our Subsidiary (Reliance AIF) for investment of continuing interest in the new AIF schemes managed by Reliance AIF Total Estimated Cost Amount proposed to be funded from Net Proceeds (Figures in INR million) Amount to be deployed from the Net Proceeds in , , Investing towards our continuing interest in new mutual fund 1, , schemes managed by us Funding inorganic growth and strategic initiatives 1, , * General corporate purposes Total 5, , , , * * For the purposes of abovementioned presentation of aggregate deployment of the Net Proceeds over the Fiscals , towards the object of Funding inorganic growth and strategic initiatives, it has been assumed that the said deployment will be made in the Fiscal 2021 Source: Prospectus dated October 30, 2017

5 (ii) Actual utilization: (Figures in INR million) Amount to be utilized as per Prospectus Revised amount to be utilized* Amount utilized upto March 31, 2018* Unutilized amount as of March 31, 2018 Setting up new branches and relocating certain existing branches Upgrading the IT system Advertising, marketing and brand building activities Lending to our Subsidiary (Reliance AIF) for investment of continuing interest in the new AIF schemes managed by Reliance AIF 1, , ,170.0 Investing towards our continuing interest in new mutual fund 1, , schemes managed by us Funding inorganic growth and strategic initiatives 1, , ,650.0 General corporate purposes Total 5, , , ,540.5 * Source: Notes to the Consolidated Financial Statements as disclosed by the Company to the stock exchange. (iii) Reasons for deviation, if any: Not Applicable 11 Comments of monitoring agency, if applicable (a) Comments on use of funds (b) Comments on deviation, if any, in the use of proceeds of the issue from the objects stated in the Prospectus (c) Any other reservations expressed by the monitoring agency about the end use of funds Nil

6 12 Price- related data Issue price (Rs): Listing date 6-Nov-17 Price parameters At close of listing day (November 6, 2017) At close of 30th calendar day from listing day (December 5, 2017) Closing price High during the FY Low during the FY Market Price (NSE) Market Price (BSE) Index of the Designated Stock 10, , , , , ,998.1 Exchange (NSE) - Nifty 50 Sectoral Index * If March 31 of any financial year is a holiday, the immediately preceding working day has been considered for the closing prices ** Since the 90th calender day is a holiday, the immediately following working day has been taken Source: BSE, NSE, Bloomberg Price parameters As at March 31, 2019 # At close of 90th calendar day from listing day (February 5, 2018) ** As at March 31, 2018* As at March 31, 2020 # Closing price High during the FY Low during the FY Closing price High during the FY Low during the FY Market Price (NSE) Market Price (BSE) Index of the Designated Stock Exchange (NSE) - Nifty 50 Sectoral Index # Price related data not disclosed as the relevant period / fiscal years have not been completed Source: BSE, NSE, Bloomberg

7 13 Basis for Issue Price and Comparison with Peer Group & Industry Average Accounting ratio EPS (Basic) EPS (Diluted) P/E (Basic) P/E (Diluted) RoNW V per share based on balance sheet Reliance Nippon Life Asset Management Limited As disclosed in the offer document (1) At the end of 1st FY (March 31, 2018) At the end of 2nd FY (March 31, 2019) (7) At the end of 3rd FY (March 31, 2020) (7) Standalone Consolidated Industry Avg: Standalone Consolidated Industry Avg: Standalone Consolidated Industry Avg: Standalone Consolidated Industry Avg: Standalone 22.00% 22.49% Consolidated 21.00% 22.82% Industry Avg: Standalone Consolidated Industry Avg: (1) Sourced from Prospectus dated October 30, 2017 for the year ended March 31, 2017 (2) There are no comparable listed peers in India. (3) Source: Consolidated financial statements for the year ended 31 March 2018 as disclosed by the Company to the stock exchanges. (4) P/E ratio for the relevant financial year has been calculated based on closing market price as on last trading day of that financial year as available on divided by the Basic / Diluted EPS of the Company as reported in its consolidated financial statements disclosed to the stock exchanges. (5) RONW for the relevant financial year has been calculated as net profit/(loss) after tax divided by net worth of the Company, as reported in its financial statements disclosed to the stock exchanges. Net worth means the aggregate of the paid up share capital, securities premium account, and other reserves and surplus (excluding revaluation reserve). (6) V per share for the relevant financial year has been calculated based on net worth of the Company, as reported in its financial statements disclosed to the stock exchanges divided by number of equity shares of the Company outstanding at the end of that financial year. Net worth means the aggregate of the paid up share capital, securities premium account, and other reserves and surplus (excluding revaluation reserve). (7) Not disclosed as the relevant fiscal year has not been completed.

8 14 Any other material information Not applicable For further updates and information, please refer stock exchange websites i.e. and Note: In case any of the above reporting dates happens to be a holiday, the immediately following working day has been taken