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- 1443442
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- BSE SENSEX
- 1443442
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- BSE SENSEX
- 1443442
- -1000.56
- 30000 %
- BSE SENSEX
- 1443442
- -1000.56
- 30000 %
- BSE SENSEX
- 1443442
- -1000.56
- 30000 %
- Last Update:09 Nov,2017
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- 1443442
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- YEN TO IND
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- -965.56
- 1443 %
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New India Assurance Company Ltd April 10, 2015 (12:00)
Issue Period
Nov 01, 2017 - Nov 03, 2017
Price Band
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.
New India Assurance Company Limited
| 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. | |
Karvy View
Objects of the IPO:
- Meeting future capital requirement..
- Enhancement of our Company‘s brand name and creation of a public marketfor our Equity Shares in India.
Key Strategies:
- Capitalise on significant market potential and increase market share.
- Improve underwriting profitability.
- Leverage technology to drive growth, profitability and customer satisfaction.
- Continue to focus on product innovation.
- Expand international operations.
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