Nov 01, 2017 - Nov 03, 2017
Rs.770 – Rs.800 per Equity Share
NIA is the largest General Insurance Company in India in terms of Net Worth, Domestic Gross Direct Premium, Profit after Tax and Number of Branches as of and for the fiscal year ended March 31, 2017.
In Fiscal 2017, they had the largest market share of Gross Direct Premium among general insurers in India.
Company’s insurance products can be broadly categorized into thefollowing product verticals: Fire Insurance; Marine Insurance, Motor Insurance, Crop Insurance, Health Insurance etc.
As of June 30, 2017, their distribution network in India included 68,389 individual agents and 16 corporate agents, bancassurance arrangements with 25 banks in India.
|Issuer||New India Assurance Company Limited (View Report)|
|Issue Type||100% Book Built Issue IPO|
|Issue Period||Issue Opens: Nov 01, 2017|
|Issue Closes: Nov 03, 2017|
|Price Brand||Rs.770 – Rs.800 per Equity Share|
|Issue Size(Rs.)||Rs.9,106.98 Cr* - 9,466.98 Cr^|
|Face Value||Rs.5 per Equity Share|
|Minimum Order Quantity Retail:||18 Shares and in multiples thereof|
|QIB||50% of the issue size (5,82,00,000Equity Shares) (Rs.4481.40* Cr – Rs.4656.00^ Cr)|
|NIB||15% of the issue size(1,74,60,000Equity Shares) (Rs.1344.42* Cr – Rs.1396.80^ Cr)|
|Retail Individual Bidders||35% of the issue size (4,07,40,000Equity Shares)(Rs.3014.76* Cr – Rs.3136.98^ Cr)|
|Registrar||Link Intime India Private Limited|
|Listing||NSE & BSE|
|Book Running Lead Managers||Axis Capital, Kotak Mahindra Capital, IDFC Bank, Nomura Financial, Yes Securities.|