✓
Open
1 Nov 2017
✓
Close
3 Nov 2017
3
Allotment
—
✓
Listing
Mon, Nov 13, 2017
Price Band
₹770 to ₹800
Issue Size
12,00,00,000 shares (agg. up to ₹9,586 Cr)
Lot Size
18 Shares
Listing Date
Mon, Nov 13, 2017
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.19x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2017 | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|---|
| Assets | 17,619.48 | 17,344.34 | 18,074.68 | 16,645.51 |
| Total Income | 5,571.53 | 20,471.40 | 17,585.78 | 15,632.00 |
| Profit After Tax | 499.41 | 819.82 | 934.60 | 1,374.26 |
| NET Worth | 12,657.39 | 12,086.49 | 11,564.61 | 11,229.52 |
| Reserves and Surplus | 12,625.13 | 12,107.83 | 11,800.39 | 11,029.52 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| General Insurance Corp.of India | Mainboard | ₹11,256.83 Cr | ₹912 | null | ₹874.30 | -4.13% | ₹362.00 (-0.78%) |
| ICICI Lombard General Insurance Co.Ltd. | Mainboard | ₹5,700.94 Cr | ₹661 | null | ₹681.20 | +3.06% | ₹1,612.20 (-0.67%) |
About New India Assurance IPO
Incorporated on July 23, 1919 at Mumbai, The New India Assurance Co. Ltd (NIA) is the oldest (in operation for almost a century) and largest general insurance company in India. The company was nationalized by the GoI on January 1, 1974. The President of India, acting through the MoF is the promoter of the company and holds 100% of the pre-Offer paid-up Equity Share capital of the company.NIA offers insurance in categories including fire insurance; marine insurance, motor insurance, crop insurance, health insurance and other insurance products. NIA is the market leadership in the general insurance industry in India across the segments except crop insurance.Company has built an multi-channel distribution network that includes individual and corporate agents, brokers, bancassurance partners and other intermediaries, as well as direct sales and sales through online channels. Company's distribution network includes 68,389 individual agents and 16 corporate agents, 25 banks, and a large number of OEM and automotive dealer.New India Assurance is rated A-(Excellent) by AM Best Company since 2007 and have been rated AAA/Stable by CRISIL since 2014.Competitive Strengths1. Market leadership a
Contact Details
New India Assurance Co.Ltd.,The Address87, M.G.Road, FortMumbai, Maharashtra, 400001+91 22 2270 8263investors@newindia.co.inVisit Website