The New India Assurance Company Limited IPO

NSE, BSEClosed

Nov 1, 2017Open Date

Nov 3, 2017Close Date

TBAAllotment Date

Nov 13, 2017Listing Date

Subscription Details

QIB2.34x

Employee0.20x

Retail0.12x

NIIs (Non-Institutional Investors)Main Category

0.11x

Overall Subscription

Total Bids Received

1.20x

Updated: 10 Jul, 06:10 pm

Issue PriceRs 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 AtNSE, BSE

Listing DateNov 13, 2017

RoNW

6.81%

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