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The New India Assurance Company Ltd IPO Details

The New India Assurance Company Ltd IPO (NIA IPO) Details:

The New India Assurance Company Ltd, together with its subsidiaries, operates as a general insurance company in India and internationally.

It offers personal insurance products, including personal accident, householders, motor, and various mediclaim policies, as well as money, road safety, TV/VCR/VCP, mobile/cellular phone, and other personal insurance products.

The company also provides commercial insurance products, such as jewelers block, banker’s indemnity, shopkeeper’s, marine cargo, plate glass, special contingency, multi-peril, fidelity guarantee, and marine hull policies, as well as neon sign and aviation insurance.

In addition, it offers industrial insurance products comprising fire, burglary, machinery breakdown, electronics equipment, consequential loss, contractors all risk, marine cum erection/storage cum erection, advanced loss of profit/delay in startup, contractor plant and machinery, and mega package policies.

Further, the company provides liability insurance products consisting of public and products liability, professional indemnity, directors and officers liability, employers’ liability, and liability insurance act policies, as well as lift (third party), carrier’s liability, and golfers indemnity insurance; and social insurance products.

Additionally, it offers reinsurance products. The New India Assurance Company Ltd was founded in 1919 and is headquartered in Mumbai, India.

OBJECTS OF THE ISSUE:

The Offer for Sale
The proceeds of the Offer for Sale shall be received by the Selling Shareholder. Company will not receive any proceeds from the Offer for Sale.

Objects of the Fresh Issue and requirement of funds
The details of the proceeds of the Fresh Issue are summarized below:

  1. Company proposes to utilize the Net Proceeds towards meeting future capital requirements which are expected to arise from the growth.
  2. Expansion of  business, improving solvency margin and consequently solvency ratio.
  3. Further, Company expects to receive the benefits of listing of the Equity Shares on the Stock Exchanges,
  4. Enhancement of Company’s brand name and creation of a public market for its Equity Shares in India.

The New India Assurance Company Ltd IPO (NIA IPO) Details:

  1. Issue Open: Nov 01, 2017 – Nov 03, 2017
  2. Issue Type: Book Built Issue IPO
  3. Face Value: Rs 5 Per Equity Share
  4. Issue Size: 120,000,000 Equity Shares of Rs 10 aggregating up to Rs 9600 Cr
  5. Issue Price: Rs 770 – Rs 800 Per Equity Share
  6. Market Lot: 18 Equity Shares
  7. Minimum Order Quantity: 18 Equity Shares
  8. Listing At: BSE, NSE

* To Be Updated

BOOK RUNNING LEAD MANAGERS Of The New India Assurance Company Ltd IPO (NIA IPO):

Kotak Mahindra Capital Company Limited
1st Floor, 27 BKC, Plot No. 27 “G” Block
Bandra Kurla Complex, Bandra (East)
Mumbai 400 051, Maharashtra, India
Tel: +91 22 4336 0000;  Fax: +91 22 6713 2447
E-mail: nia.ipo@kotak.com
Investor grievance email: kmccredressal@kotak.com

Axis Capital Limited*
Axis House, 1st Floor, C-2 Wadia International Center
P. B. Marg, Worli, Mumbai 400 025, Maharashtra, India
Tel: + 91 22 4325 2183  Fax: +91 22 4325 3000
E-mail: nia.ipo@axiscap.in
Investor Grievance E-mail: complaints@axiscap.in

IDFC Bank Limited
Naman Chambers, C-32, G Block, Bandra Kurla Complex
Bandra (East), Mumbai – 400 051, Maharashtra, India
Tel: +91 22 6622 2600 Fax: +91 22 6622 2501
E-mail: NIA.IPO@idfcbank.com
Investor Grievance E-mail: mb.ig@idfcbank.com

Nomura Financial Advisory and Securities (India) Private Limited
Ceejay House, Level 11, Plot F, Shivsagar Estate, Worli
Mumbai 400 018, Maharashtra, India
Tel: +91 22 4037 4037 Fax: +91 22 4037 4111
E-mail: newindiaipo@nomura.com
Investor grievance E-mail: investorgrievances-in@nomura.com

YES Securities (India) Limited
IFC, Tower 1 & 2, Unit no. 602 A,
6th Floor, Senapati Bapat Marg, Elphinstone Road
Mumbai 400 013, Maharashtra, India
Tel.: +91 22 7100 9829 Fax: +91 22 2421 4508
E-mail: dlnia.ipo@yessecuritiesltd.in
Investor grievance E-mail: igc@yessecuritiesltd.in

REGISTRAR TO THE OFFER of The New India Assurance Company Ltd IPO (NIA IPO):

Link Intime India Private Limited
C-101, 1st Floor, 247 Park, Lal Bhadur Shastri Marg
Vikhroli (West), Mumbai 400 083, Maharashtra, India
Tel: +91 22 4918 6200 Fax: +91 22 4918 6195
E-mail: nia.ipo@ linkintime.co.in
Investor grievance e-mail: nia.ipo@ linkintime.co.in

The New India Assurance Company Ltd IPO (NIA IPO) Draft Red Herring Prospectus (DRHP):

The New India Assurance Company Ltd (NIA) IPO Prospectus

Red Herring Prospectus (RHP) Of The New India Assurance Company Ltd IPO (NIA IPO):

The New India Assurance Company Ltd (NIA) IPO Prospectus

The New India Assurance Company Ltd IPO (NIA IPO) Subscription Figures:

The New India Assurance Company Ltd (NIA) IPO Subscription Details
CategoryTotal Quota
(No. of Shares offered)
Subscription (No. of times Subscribed)
Day 1Day 2Day 3
Qualified Institutional Buyers (QIBs) 58200000 2.13 2.162.34
Non Institutional Investors (NIIs)174600000.02 0.04 0.12
Retail 40740000 0.02 0.050.11
Employees 3600000 0.030.080.21
Total 120000000 1.041.071.19

The New India Assurance Company Ltd IPO (NIA IPO) Allotment and Listing Dates Schedule:

  • 01/Nov/17 – Bid/Offer Opening Date
  • 03/Nov/17 – Bid/Offer Closing Date
  • 08/Nov/17 – Finalisation of Basis of Allotment
  • 09/Nov/17 – Unblocking of Funds from ASBA Account
  • 10/Nov/17 – Credit of Equity Shares to Demat Account
  • 13/Nov/17 – Commencement of Trading on NSE/BSE

* To Be Updated

The New India Assurance Company Ltd IPO (NIA IPO) Grey Market Premium (GMP):

Current Grey Market Premium (GMP) Of The New India Assurance Company Ltd (NIA) IPO is not trading as of now.

How To Check The New India Assurance Company Ltd IPO (NIA IPO) Application Status:

To clear that doubt and to check The New India Assurance Company Ltd (NIA) IPO application status just use the below links and you can check it as follow:

Check The New India Assurance Company Ltd (NIA) IPO Application Status at BSE:  BSE Website

Check The New India Assurance Company Ltd (NIA) IPO Application Status at NSE NSE Website

To Check The New India Assurance Company Ltd IPO (NIA IPO) Application Status:

  1. Click on Links provided above
  2. Select The New India Assurance Company Ltd IPO (NIA IPO) from the drop Down Menu.
  3. Provide your PAN Number.
  4. Provide your Application Number.
How To Check The New India Assurance Company Ltd IPO (NIA IPO) Allotment Status:

To Check The New India Assurance Company Ltd (NIA) IPO Allotment Status : Click Here

  1. Select The New India Assurance Company Ltd IPO (NIA IPO) from the first drop Down Menu
  2. Provide your PAN Number.

Market Update:

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Mahindra Logistics Ltd IPO (MLL IPO) bidding will be active from October 31, 2017 – November 02, 2017. While Mahindra Logistics (MLL) IPO Grey Market Premium (GMP) is trading between Rs 135 – Rs 145 per equity share.

Now The New India Assurance Company Ltd IPO (NIA IPO) bidding will be active from November 01, 2017 – November 03, 2017.

Some SME IPO will also be active in market in coming week.

This year we can see some good IPO hitting market like NSE Ltd IPOHDFC Standard life insurance etc.

Keep watching this blog to keep yourself updated with all the news.

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