The New India Assurance Company Limited IPO
The New India Assurance Company Limited IPO is priced at ₹770–₹800 per share with an issue size of 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 . The IPO opens on Nov 1, 2017 and closes on Nov 3, 2017, with a lot size of 18 shares and a minimum investment of ₹14,400.
The New India Assurance Company Limited IPO
- IPO Dates
- Nov 1, 2017 – Nov 3, 2017
- Price band
- ₹770 - 800 per equity share
- Minimum Investment
- ₹14,400
- Issue size
- 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
- Lot size
- 18
- Allotment Date
- Nov 9, 2017
- Listing
- Nov 13, 2017
- Listing At
- NSE, BSE
IPO timeline
-
Nov 1, 2017
Open Date
Completed
-
Nov 3, 2017
Close Date
Completed
-
Nov 9, 2017
Allotment Date
Completed
-
Nov 13, 2017
Listing Date
Completed
The New India Assurance Company Limited IPO Essentials
The New India Assurance Company Limited IPO Details
The New India Assurance Company Limited IPO is priced at ₹770 - 800 per share with a total issue size of 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 . The IPO has a lot size of 18 shares and will be listed on BSE and NSE.
- 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)
- Lot size
- 18 shares
- Face value
- Rs 5 Per Equity Share
- Issue size
- 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
- List price
- Listing date
- Registrar
- Link Intime India Private Ltd
- 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
The New India Assurance Company Limited IPO Details
- Retail Portion N/A
The New India Assurance Company Limited IPO Analytics
The New India Assurance Company Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
The New India Assurance Company Limited IPO Subscription Status
The New India Assurance Company Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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 |
0.02x
|
0.02 x | 1.04 x |
|
Day 2
02-11-17
|
2.16 x |
0.04x
|
0.05 x | 1.07 x |
|
Day 3
03-11-17
|
2.34 x |
0.11x
|
0.12 x | 1.2 x |
The New India Assurance Company Limited Valuations
Earnings
- EPS (Post IPO)
- Rs 10.19
- P/E Ratio
- 78.50
Returns
- RoNW
- 6.81%
The New India Assurance Company Limited Company & Offer Insights
The New India Assurance Company Limited 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
Contact Information
Frequently Asked Questions
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The New India Assurance Company Limited IPO is a book-built IPO worth ₹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. The price band is ₹770–₹800 per share. The IPO opens on Nov 1, 2017 and closes on Nov 3, 2017. It will be listed on BSE and NSE. Link Intime India Private Ltd is the registrar.
The price band of The New India Assurance Company Limited IPO is ₹770 to ₹800 per share.
The lot size of The New India Assurance Company Limited IPO is 18 shares.
The minimum investment for The New India Assurance Company Limited IPO is approximately ₹14,400 based on the upper price band .
The New India Assurance Company Limited IPO opens on Nov 1, 2017 and closes on Nov 3, 2017.
The allotment date of The New India Assurance Company Limited IPO is Nov 9, 2017.
The New India Assurance Company Limited IPO is expected to be listed on Nov 13, 2017, on BSE and NSE .
The New India Assurance Company Limited IPO valuation snapshot: P/E 78.50, EPS Rs 10.19, P/B N/A, RoNW 6.81%, and market cap N/A.
To apply for The New India Assurance Company Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of The New India Assurance Company Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for The New India Assurance Company Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check The New India Assurance Company Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the The New India Assurance Company Limited IPO allotment status on IPO Ji for quick and easy access.