The New India Assurance IPO Issue, Allotment, GMP, Status

The New India Assurance IPO

The New India Assurance Co. Ltd., based in Mumbai, Maharashtra is one of the five Wholly Government of India owned assurance companies of India. It is the “largest general insurance company of India on the basis of gross premium collection inclusive of foreign operations”. Founded by Sir Dorabji Tata in 1919.

In 2016-17, the company reported a revenue of Rs20,471.39 crore, up 16% from the previous fiscal. The company reported a profit of Rs839.86 crore in 2016-17, down 9% from a year earlier.

The New India Assurance IPO details
Subscription Dates 04 Nov to 06 Nov 2017
Issue Price Rs. 770 – 800 Per Equity Share
Fresh issue 24,000,000 Shares
Offer For Sale 96,000,000 Shares
Total IPO Size INR 10500 Crore (approx)
Minimum Lot Size (Bid) 18 Shares
Face Value Rs 10 Per Equity Share
Listing on BSE and NSE
Retail Allocation 35%

Book Running Lead Managers

  • Kotak Mahindra Capital Company Limited
  • Axis Capital Limited, Nomura Financial Advisory and Securities (India) Private Limited
  • IDFC Bank Limited and YES Securities (India) Limited
The New India Assurance IPO Allotment and Listing details
Allotment Date 8 Nov 2017
Refund Date 9 Nov 2017
Demat Account Credit Date 10 Nov 2017
Listing Date: 13 Oct 2017
Check Allotment Status: Click here..

Company Contact Information

The New India Assurance Company Limited
87, M.G. Road, Fort,
Mumbai 400 001
Phone: +91 22 2270 8263
Fax: +91 22 2265 2811

New India Assurance IPO Registrar

Link Intime India Private Ltd
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai 400078
Phone: +91-22-25963838
Fax: +91-22-25946969