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Initial public offering of 120,000,000* equity shares of face value of Rs. 5 each (equity shares) of the New India Assurance Company Limited (issuer or company) for cash at a price of Rs. 800* per equity share including a share premium of Rs. 795 per equity share (offer price), Aggregating to Rs. 9466.98 Crores consisting of a fresh issue of 24,000,000* equity shares aggregating to Rs. 1893.40 Crores (fresh issue) and an Offer for sale of 96,000,000^ equity shares aggregating to Rs. 7573.58 Crores (offer for sale and together with the fresh issue, the offer) by the President of India, acting through the ministry of finance, government of india (the selling shareholder). The offer and the net offer Constituted 14.56% and 14.13%, respectively of the post-offer paid-up equity share capital of the company. The offer included a reservation of 3,600,000^ equity shares aggregating to Rs. 277.20 Crores for subscription by eligible employees (as defined in definitions and abbreviations) (the employee reservation portion). The offer comprises the net offer (defined below) of 116,400,000^ equity Shares and the employee reservation portion of 3,600,000^ equity shares. The face value of equity shares is Rs. 5 each and the offer price is 160 times the face value of the equity shares. *a discount of Rs. 30 on the offer price was offered to retail individual investors (retail discount) and to eligible employees (defined below) bidding in the employee reservation portion (employee discount). ^ subject to finalisation of the basis of allotment
Company
New India Assurance Company Ltd
Issue Type
(Book Built Portion)
Open Date
01 Nov
Close Date
03 Nov
Offer Price
800.00
Stove Kraft Ltd, kitchen appliances manufacturer is coming up with its Initial public Offerings on January 25 with the public issue comprising a fresh issue size of ₹412.63Cr.
You can apply for the Stove Kraft IPO using any supported UPI apps. To Apply on 5paisa App follow the procedure mentioned above. For further details Click Here.
Stove Kraft IPO will open on January 25, 2021.
Stove Kraft IPO Lot size is 38 equity shares, that means you can apply for one lot consisting 38 equity shares.
Shares of Stove Kraft will be getting allotted on 02nd February,2021.
Stove Kraft Shares will be getting listed on 05 February, 2021.
Here is the minimum investment calculation of Stove Kraft IPO Lot size – 38 * Issue Price ₹385 = ₹14,630 Hence the minimum investment amount required to invest in Stove Kraft IPO is ₹14,630. As per the maximum limit that is allowed by SEBI you can apply for 13 lots.
No, one bank account one IPO application is allowed.
Cut off Price for Stove Kraft IPO is ₹14,630
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