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The New India Assurance Company Limited IPO
MainboardRs 14,400 / 18 Shares
The New India Assurance Company Limited IPO Details
The The New India Assurance Company Limited IPO price band is set between Rs 770 - Rs 800 Per Equity Share (A discount of Rs 30 per equity share is offered to applications in retail and employee quota), with a face value of Rs 5 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 1 Nov, 2017 and closes on 3 Nov, 2017. Investors can check the allotment status on 9 Nov, 2017, while the listing date is tentatively scheduled for 13 Nov, 2017.
The total issue size is 12,00,00,000 Equity Shares of Rs 5 aggregating up to Rs 10,560 Cr > Fresh Issue of 2,40,00,000 Equity Shares of Rs 5 aggregating up to Rs 1920 Cr > Offer for Sale of 9,60,00,000 Equity Shares of Rs 5 aggregating up to Rs 7680 Cr, aggregating up to . Stay tuned for the latest The New India Assurance Company Limited IPO review and GMP updates.
The New India Assurance Company Limited IPO Review, Rating & Analysis
The New India Assurance Company Limited IPO Review
NO REVIEWThe New India Assurance Company Limited IPO Rating
The New India Assurance Company Limited IPO Highlights
IPO Date
Nov 1, 2017 - Nov 3, 2017
Listing Date
13 Nov, 2017
Face Value
Rs 5 Per Equity Share
Price Band
Rs 770 - Rs 800 Per Equity Share (A discount of Rs 30 per equity share is offered to applications in retail and employee quota)
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
NSE, BSE
The New India Assurance Company Limited IPO Lot Size
The minimum market lot for The New India Assurance Company Limited IPO is 18 shares with an application amount of ₹540. Retail investors can apply for up to 370 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 18 | ₹540 |
| Retail (Max) | 370 | 6660 | ₹1,99,800 |
| S-HNI (Min) | 371 | 6678 | ₹2,00,340 |
| S-HNI (Max) | 1851 | 33318 | ₹9,99,540 |
| B-HNI (Min) | 1852 | 33336 | ₹10,00,080 |
The New India Assurance Company Limited IPO Timeline
Issue Price
Rs 770 - Rs 800 Per Equity Share (A discount of Rs 30 per equity share is offered to applications in retail and employee quota)Face Value
Rs 5 Per Equity ShareListing at Group
NSE, BSERegistrar
Link Intime India Private LtdLead Manager
Kotak Mahindra Capital Company Limited, Axis Capital Limited, IDFC Bank Limited, Nomura Financial Advisory and Securities (India) Private and YES Securities (India) LimitedIssue Size
12,00,00,000 Equity Shares of Rs 5 aggregating up to Rs 10,560 Cr > Fresh Issue of 2,40,00,000 Equity Shares of Rs 5 aggregating up to Rs 1920 Cr > Offer for Sale of 9,60,00,000 Equity Shares of Rs 5 aggregating up to Rs 7680 CrPromoters & Share Holding
Promoter(s) Name
- President of India, acting through the MoF
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| N/A | N/A |
About Company
The New India Assurance Company Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 5,82,00,000 | 1,74,60,000 | 4,07,40,000 | 12,00,00,000 |
Day 1 -01-11-17 | 2.13 x | 0.02 | 0.02 x | 1.04 x |
Day 2 -02-11-17 | 2.16 x | 0.04 | 0.05 x | 1.07 x |
Day 3 -03-11-17 | 2.34 x | 0.11 | 0.12 x | 1.2 x |
Frequently Asked Questions about The New India Assurance Company Limited IPO IPO
When will The New India Assurance Company Limited IPO open for subscription?
The The New India Assurance Company Limited IPO opens on 1 Nov, 2017 and closes on 3 Nov, 2017.
What is the investors portion for The New India Assurance Company Limited IPO?
The investors' portion for QIB is 2.34 x, NII is 0.11, and Retail is 0.12 x.
How to apply for The New India Assurance Company Limited IPO?
You can apply for The New India Assurance Company Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of The New India Assurance Company Limited IPO?
The issue size of The New India Assurance Company Limited IPO is approx ₹12,00,00,000 Equity Shares of Rs 5 aggregating up to Rs 10,560 Cr > Fresh Issue of 2,40,00,000 Equity Shares of Rs 5 aggregating up to Rs 1920 Cr > Offer for Sale of 9,60,00,000 Equity Shares of Rs 5 aggregating up to Rs 7680 Cr crores.
What is the price band of The New India Assurance Company Limited IPO?
The price band for The New India Assurance Company Limited IPO is Rs 770 to ₹ Rs 800 Per Equity Share (A discount of Rs 30 per equity share is offered to applications in retail and employee quota).
What is the lot size of The New India Assurance Company Limited IPO?
The minimum bid (lot size) for The New India Assurance Company Limited IPO is 18 shares with an investment of approx Rs 14,400 .
What is the allotment date of The New India Assurance Company Limited IPO?
The allotment date for The New India Assurance Company Limited IPO is 9 Nov, 2017.
What is the listing date of The New India Assurance Company Limited IPO?
The listing date for The New India Assurance Company Limited IPO is expected to be 13 Nov, 2017.
What is the GMP of The New India Assurance Company Limited IPO?
The latest Grey Market Premium (GMP) for The New India Assurance Company Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.