IPO

New India Assurance Company Ltd IPO

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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

New India Assurance Company Ltd IPO Subscription Details

Company

New India Assurance Company Ltd

Issue Type

(Book Built Portion)

Open Date

01 Nov

Close Date

03 Nov

Offer Price

800.00

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  • Login to your 5paisa Mobile Trading App and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a notification to block funds in your UPI app
  • Approve the block request

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Contact Details of New India Assurance Company Ltd IPO

Company Contact Information

New India Assurance Company Ltd IPO
New India Assurance Building,
87 M G Road Fort,
Mumbai, Maharashtra 400001.

Phone: 91-22-22708263
Email: cmd.nia@newindia.co.in

New India Assurance Company Ltd IPO Register

Link Intime India Pvt Ltd

New India Assurance Company Ltd IPO Lead Manager(s)

  • Axis Capital Ltd
  • IDFC Bank Ltd
  • Kotak Mahindra Capital Company Ltd
  • Nomura Financial Advisory & Securities(India)P Ltd
  • Yes Securities (India) Ltd

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