Monday, October 23, 2017

New India Assurance (NIA) IPO Dates, Price Band, Market Lot Details

   

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The New India Assurance Company Ltd (NIA) is one of the oldest and largest general insurance company in India. It was incorporated in 1919. The President of India is promoter of the company acting through the MoF and holds 100% of the equity share capital. NIA IPO to hit the market in November 1st week with Rs.10000 crore of the ipo size which is another big one for insurance company. NIA is operating in 28 countries. NIA financial is good but PAT is decreasing for last 2 years. It might be one of the concern but they have good amount of Assets as well.

NIA IPO came up just after GIC which was around 11500 crore and as the insurance companies not able to give return on listing day it will be a big question for New India Assurance Company Ltd as well. SBI Life, ICICI Prudential, General Insurance Corporation and ICICI Lombard not able to get good subscription. Their premium was not that good and GIC also not able to get good subscription numbers. Lets see how it will come up on the listing day.

New India Assurance (NIA) IPO Review:
  • Apply with Long Term View
New India Assurance (NIA) IPO Dates & Price Band: (Approx)
  • IPO Open: 1-November-2017
  • IPO Close: 3-November-2017
  • IPO Size: Approx Rs. 10500 Crore (Approx)
  • Face Value: Rs. 5 Per Equity Share
  • Price Band: Rs. 770 to 800 Per Share
  • Listing on: BSE & NSE
  • Retail Portion: 35%
  • Equity: 12,00,00,000 Shares 
  • Discount: Rs. 30 for Retailers & Employees
New India Assurance (NIA) IPO Market Lot:
  • Shares: Apply for 18 Shares (Minimum Lot Size)
  • Amount: Rs.14400 (For QIB & HNI)
  • Amount: Rs.13860 (For Retailers & Employees)
New India Assurance (NIA) IPO Allotment & Listing:
  • Basis of Allotment: 08-November-2017
  • Refunds: 09-November-2017
  • Credit to demat accounts: 10-November-2017
  • Listing: 13-November-2017
New India Assurance (NIA) Financial:

The New India Assurance has good results for last few years but PAT is decreasing for last 2 years. The PAT was 1377 crore in 2015 while it decreased to 840 crore which is down around 40%. Still the Assets increased in 2017 while Revenues is doing well for the company. It is increased around 30% in 2017 compared to 2016 while increased around 25% compared to 2016. A good company for long term view.

      Financial Results (Rs. in Crore)

2017 2016 2015 2014 2013
Assets 36567 31634 34541 N/A N/A
Revenue 20554 17673 15711 N/A N/A
PAT 840 930 1377 N/A N/A


Company Promoters:
  • President of India
Quick Links:
DRHP Draft Prospectus


New India Assurance (NIA) IPO Registrar:
Link Intime India Private Ltd
Phone: +91-22-25963838
Fax: +91-22-25946969
Email: [email protected]
Website: http://www.linkintime.co.in

New India Assurance (NIA) IPO Lead Managers:
  • Axis Bank Limited
  • IDFC Bank Limited
  • Kotak Mahindra Capital Company Limited
  • Nomura Financial Advisory And Securities (India) Pvt Ltd
  • YES Bank Limited
Company Address:
The New India Assurance Company Limited
87, M.G. Road, Fort, Mumbai 400 001
Phone: +91 22 2270 8263
Fax: +91 22 2265 2811
Email: [email protected]
Website: http://www.newindia.co.in/

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