Nippon Life India AMC has completed the allotment of 1,04,971 equity shares under four employee stock option schemes on February 23, 2026. The Allotment Committee approved these allotments at 7.30 p.m., generating total proceeds of ₹2.37 crore for the asset management company.

Scheme-wise Share Allotment Details

The allotment was executed across four distinct employee benefit schemes, each with different grant prices reflecting the timing of their respective launches.

ESOP 2019 Breakdown

The largest component of the allotment came from the 2019 employee stock option plan, which saw varied grant prices across different tranches:

Impact on Share Capital

The allotment has resulted in an increase in the company's paid-up equity share capital. Prior to this allotment on February 11, 2026, the company had 63,71,55,006 equity shares outstanding.

Share Rights and Compliance

All newly allotted equity shares carry a face value of ₹10 each and will rank pari passu with existing equity shares of the company in all respects. The allotment was conducted in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company has informed both BSE Limited and National Stock Exchange of India Limited about this corporate action, ensuring full regulatory compliance and transparency for stakeholders.

Nippon Life India Asset Management Limited has filed its quarterly monitoring report with stock exchanges, providing detailed insights into the utilization of IPO proceeds for the quarter ended December 31, 2025. The report, prepared by monitoring agency HDFC Bank Limited, demonstrates the company's systematic approach to deploying capital raised through its 2017 public offering.

IPO Proceeds Overview

The company's initial public offering, conducted from October 25-27, 2017, raised Rs. 1542.24 crores comprising a fresh issue of Rs. 616.90 crores and an offer for sale of Rs. 925.34 crores. The net proceeds from the fresh issue totaling Rs. 588.85 crores were allocated across seven strategic objectives.

Quarterly Utilization Progress

During the quarter ended December 31, 2025, Nippon Life India Asset Management utilized Rs. 0.70 crores specifically for setting up new branches and relocating existing branches. This brings the total utilization to Rs. 398.93 crores, leaving Rs. 189.91 crores unutilized across various objectives.

Deployment of Unutilized Funds

The company has strategically deployed its unutilized IPO proceeds in fixed deposits with HDFC Bank to ensure capital preservation while generating returns. The deployment strategy demonstrates prudent financial management of shareholder funds.

Compliance and Monitoring

The monitoring report confirms full compliance with SEBI regulations, with no deviations from the disclosed objects in the offer document. HDFC Bank Limited, serving as the monitoring agency, has declared no conflicts of interest and confirmed that the report provides a true and fair view of proceeds utilization. The company has obtained all necessary statutory approvals wherever applicable for the stated objectives.

Strategic Focus Areas

While the company has fully utilized funds for IT upgrades, marketing initiatives, subsidiary lending, and mutual fund investments, significant opportunities remain in branch expansion and inorganic growth initiatives. The Rs. 165.00 crores allocated for inorganic growth and strategic initiatives remains completely unutilized, indicating potential for future strategic acquisitions or partnerships in the asset management sector.