Market Reliance Insurance files fresh IPO papers; removes Edelweiss as merchant banker Updated : February 11, 2019 05:20 PM IST According to the sources, the company's IPO comprises fresh issue of shares worth Rs 200 crore, besides, an offer of sale of 79,489,821 shares by Reliance Capital. Besides, the company has removed Edelweiss as one of the lead merchant bankers to manage its initial public offer (IPO), they added. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.