The New India Assurance Company Limited IPO

Add to Calendar 2017-11-01 12:00 AM 2017-11-03 12:00 AM Asia/Kolkata The New India Assurance Company Limited IPO The New India Assurance Company Limited India

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

Company Financials:
Summary of financial Information (Consolidated)
Particulars For the year/period ended (in Rs. million)
  31-Mar-17 31-Mar-16 31-Mar-15
Total Assets 365,668.25 316,338.34 345,410.14
Total Revenue 205,536.23 176,727.27 157,110.83
Profit After Tax 8,398.60 9,303.54 13,773.23

 

 

Issue Detail

  • Issue Open: Nov 01, 2017
  • Issue Close: Nov 03, 2017
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 5 Per Equity Share
  • Price Band: Rs 770 - Rs 800 Per Equity Share
  • Bid Lot:18 Shares
  • Minimum Order Quantity:18 Shares
  • Listing At: BSE, NSE
  • Issue Size: • Rs 9,600.00 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 58,200,000 17,460,000 40,740,000 3,600,000 - 120,000,000
Shares Offered / Reserved 58,200,000 17,460,000 40,740,000 3,600,000 - 120,000,000
Day 2 - Nov 01, 2017IST 2.1300 0.0200 0.0200 0.0300 - 1.0400
Day 3 - Nov 02, 2017IST 2.1600 0.0400 0.0500 0.0800 - 1.0700
Day 4 - Nov 03, 2017IST 2.3354 0.1142 0.1129 0.1955 - 1.1972

Listing Day Trading Information

- BSE NSE
Issue Price Rs 800.00 Rs 800.00
Open Rs 748.90 Rs 750.00
Low Rs 717.75 Rs 717.40
High Rs Rs 749.00 Rs 750.00
Last Trade Rs 725.05 Rs 727.10
Volume 430,055 2,539,383

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