The New India Assurance Company Limited
MainboardClosed
₹14,400(18 Shares)
Minimum Investment
IPO Dates
Nov 1, 2017 – Nov 3, 2017
Price Band
₹770–800 per equity share
Lot Size
18
Listing
Nov 13, 2017
Listing At
NSE, BSE
Nov 1, 2017Open DateCompleted
Nov 3, 2017Close DateCompleted
TBAAllotment DateUpcoming
Nov 13, 2017Listing DateCompleted
The New India Assurance Company Limited Live Subscription Details
All IPOsAll Live IPOsQIB2.34x
Employee0.20x
Retail0.12x
NIIs
0.11xOverall Subscription
Total Bids Received
1.20x
The New India Assurance Company Limited IPO Issue Details
- Issue Price
- Rs 770 - Rs 800 (A discount of Rs 30 is offered to applications in retail and employee quota) Per Equity Share
- Face Value
- ₹Rs 5 Per Equity Share
- Listing At
- NSE, BSE
- Listing Date
- Nov 13, 2017
Company Information
Valuations
RoNW
6.81%
Objectives of the Issue
- 1Offer for SaleCorporation will not receive any proceeds from the Offer for Sale.
- 2Fresh Issue(i) Company proposes to utilize the Net Proceeds towards meeting their future capital requirements which are expected to arise from the growth and expansion of their business(ii) Improving their solvency margin and consequently their solvency ratio
Contact Details
Frequently Asked Questions — The New India Assurance Company Limited IPO
The The New India Assurance Company Limited IPO price band is set at ₹770.00 to ₹800.00 per equity share.
The lot size for The New India Assurance Company Limited IPO is 18 shares per lot. The minimum investment amount is approximately ₹14,400.
The The New India Assurance Company Limited IPO opens on Nov 1, 2017 and closes on Nov 3, 2017.
The New India Assurance Company Limited IPO is expected to be listed on Nov 13, 2017 on NSE, BSE.
