The New India Assurance Company Limited
Credit of Shares to Demat
Cut off time for UPI Mandate Confirmation
Minimum Order Quantity
Introduction: The New India Assurance Company is the oldest and largest general insurance company in the country headquartered at Mumbai. The company has market leadership in all segments of the industry except crop insurance. The company has established the multi channel distribution network comprising of agents, brokers, bancassurance partners and other intermediaries.
Date of Establishment: Company was founded in the year 1919.
Product & Service Offering: The company is into general insurance market offering its services in fire insurance; marine insurance, motor insurance, crop insurance, health insurance and other insurance products.
Customer Segment: Customer base comprises majorly middle class and upper middle class in cities. The company has dominant presence in eastern & southern parts of India.
Promoters of NIA: President of India, acting through the MoF.
Objects of the Issue: The key aim of the issue is to meet
i) to meet the working capital requirement
ii) General corporate purposes.
iii) smoothen up the business expansion plan
iv) Improving solvency margin and solvency ratio
|Particulars||For the year/period ended (in Rs. million)|
|Profit After Tax||8,398.60||9,303.54||13,773.23|
Yes, you can always trade an IPO through a discount broker. Buying & selling an IPO becomes very easy once the trading and the demat account are set up appropriately.
Following are the benefits in buying and selling an IPOs through a discount broker. Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors. Better Trading Platform: Usually discounts brokers don’t provide a good trading platform and experience but there are few discounts brokers like Samco, who are now focussing on delivering a world class trading platform and top notch user experience. Therefore narrowing down the gap between discount brokers and full service brokers.
Technically Speaking, SEBI has made mandatory to buy an IPO through ASBA channel but there is no regulation on how any investor can sell an IPO allotted shares. Therefore, smart investors can always sell IPO allotted shares through a discount broker
This is very easy, you need to do the following to buy and sell IPOs hasslefree with a discount broker. Open a trading & demat account with a discount broker. Open a trading account with a full service broker like banks which are offer IPO buying through ASBA route. While filling up the information for the demat account while opening an account with a bank, you need to give the details of demat account which is with the discount broker. Once your demat account is linked with the trading account of the bank then you simply buy and sell IPO. Investors need to understand that almost all brokers don’t charge any annual fee for trading account therefore having multiple trading accounts linked to a single demat account won’t incur any cost to investors. ,
You need to submit the following documents for opening an account with Samco : Photograph PAN Card Bank Details – Cancelled cheque or Bank Statement/Passbook copy Aadhar Card (or alternative address proof such as Drivers license, Voter ID, etc) Proof of Income (6 months bank statement or ITR Return or 3 months salary slip)