Prior to the company’s listing in Sep 2017, Reliance Home Finance was 100% owned by Reliance Capital. Was anybody able to figure out how much Reliance Capital got paid for listing Reliance Home Finance?
In 2016 RHFL had 6.58 Cr shares
In March 2017 they had 11.58 Cr shares
Some questions I was thinking about…
Why was the increase of 5 Cr shares necessary? These were issued to the promoter at 40 bucks a share, so that works out to 200 Crs.
What did the capital structure look like after the IPO?
How many shares did the promoter sell during the IPO?
How much did they get paid for it?
Why did they list it in Sep 2017? Why not sooner or later? Maybe high market levels were a reason for this.
I have tried looking up multiple docs including the IPO document, quarterly results for Reliance Capital, RHFL 2017 AR, etc but not much success in figuring the puzzle out. Moreover Reliance Capital’s shareholding is a maze. So getting to the bottom of it is quite complex.
Reliance Capital’s 2018 AR should be out in a couple of months and that might give some visibility. In the meanwhile, is there any other way of figuring this out?