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  • Last Update:09 Nov,2017
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    1. 1443442
    2. -965.56
    3. 1443 %
  • BSE SENSEX
    1. 1443442
    2. -1000.56
    3. 30000 %
  • BSE SENSEX
    1. 1443442
    2. -1000.56
    3. 30000 %
  • BSE SENSEX
    1. 1443442
    2. -1000.56
    3. 30000 %
  • BSE SENSEX
    1. 1443442
    2. -1000.56
    3. 30000 %
  • Last Update:09 Nov,2017
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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.

INVEST NOW

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.

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.

  • News

    • +MARKET COMMENTARY
      1. Market drifts higher in early trade
      2. Market may open on a flat note
      3. Select shares in spotlight on MSCI index rejig
      4. Market tumbles on broad-based selling pressure
      5. Market drops sharply ahead of Q2 GDP data
    • +CORPORATE ANNOUNCEMENTS
      1. Market drifts higher in early trade
      2. Market may open on a flat note
      3. Select shares in spotlight on MSCI index rejig
      4. Market tumbles on broad-based selling pressure
      5. Market drops sharply ahead of Q2 GDP data
    • +OTHER NEWS
      1. Market drifts higher in early trade
      2. Market may open on a flat note
      3. Select shares in spotlight on MSCI index rejig
      4. Market tumbles on broad-based selling pressure
      5. Market drops sharply ahead of Q2 GDP data
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