The New India Assurance Company Limited IPO
Mainboard
₹ 14400 /18 Shares
01 Nov, 2017
Open Date03 Nov, 2017
Close Date09 Nov, 2017
Allotment Date13 Nov, 2017
Listing DateIPO Issue Details
- Issue Price Rs 770 - Rs 800 Per Equity Share (A discount of Rs 30 per equity share is offered to applications in retail and employee quota)
- Face Value Rs 5 Per Equity Share
- Issue Price 12,00,00,000 Equity Shares of Rs 5 aggregating up to Rs 10,560 Cr > Fresh Issue of 2,40,00,000 Equity Shares of Rs 5 aggregating up to Rs 1920 Cr > Offer for Sale of 9,60,00,000 Equity Shares of Rs 5 aggregating up to Rs 7680 Cr
- Listing at NSE, BSE
- Lead Manager Kotak Mahindra Capital Company Limited, Axis Capital Limited, IDFC Bank Limited, Nomura Financial Advisory and Securities (India) Private and YES Securities (India) Limited
- Registrar Link Intime India Private Ltd
IPO Details
- Retail Portion N/A
IPO Details
The IPO of is priced at ₹770 - 800 per equity share, which has a face value of Rs 5 Per Equity Share each, IPO bidding starts from Nov 1, 2017 and ends on Nov 3, 2017. The allotment for IPO will be finalized on Nov 9, 2017. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Nov 13, 2017. The company shall list its equity shares on the NSE, BSE. Link Intime India Private Ltd is the registrar of the issue.
The book-running lead manager for the IPO is/are Kotak Mahindra Capital Company Limited, Axis Capital Limited, IDFC Bank Limited, Nomura Financial Advisory and Securities (India) Private and YES Securities (India) Limited.
The IPO sets its price band at 770 - 800 for each share. A single application for The New India Assurance Company Limited IPO must contain at least 18 shares.
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IPO Subscription Analysis And Details
| As on | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 5,82,00,000 | 1,74,60,000 | 4,07,40,000 | 12,00,00,000 |
|
Day 1
01-11-17
|
2.13 x | 0.02 | 0.02 x | 1.04 x |
|
Day 2
02-11-17
|
2.16 x | 0.04 | 0.05 x | 1.07 x |
|
Day 3
03-11-17
|
2.34 x | 0.11 | 0.12 x | 1.2 x |
Valuations
IPO - Issue Objectives
Offer for SaleCorporation will not receive any proceeds from the Offer for Sale.
Fresh Issue(i) Company proposes to utilize the Net Proceeds towards meeting their future capital requirements which are expected to arise from the growth and expansion of their business(ii) Improving their solvency margin and consequently their solvency ratio
IPO - FAQs
Ans. The New India Assurance Company Limited IPO is a Mainboard IPO. The issue is priced at Rs 770 - Rs 800 Per Equity Share (A discount of Rs 30 per equity share is offered to applications in retail and employee quota) . The minimum order quantity is 18 Shares. The IPO opens on Nov 1, 2017, and closes on Nov 3, 2017. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE, BSE.
Ans. The The New India Assurance Company Limited IPO opens on Nov 1, 2017 and closes on Nov 3, 2017.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of The New India Assurance Company Limited IPO is 12,00,00,000 Equity Shares of Rs 5 aggregating up to Rs 10,560 Cr > Fresh Issue of 2,40,00,000 Equity Shares of Rs 5 aggregating up to Rs 1920 Cr > Offer for Sale of 9,60,00,000 Equity Shares of Rs 5 aggregating up to Rs 7680 Cr .
Ans. The The New India Assurance Company Limited IPO price band is set between Rs 770 - Rs 800 Per Equity Share (A discount of Rs 30 per equity share is offered to applications in retail and employee quota) .
Ans. To apply for The New India Assurance Company Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find The New India Assurance Company Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of The New India Assurance Company Limited IPO is Nov 9, 2017.
Ans. The The New India Assurance Company Limited IPO will be listed on Nov 13, 2017.
Ans. Follow the steps to check the The New India Assurance Company Limited IPO allotment status online.
