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The New India Assurance Company IPO is a Book Building IPO listing on BSE,NSE exchange, with an ipo size of ₹ 9600.00 Cr. The company is based in Mumbai and caters to Insurance sector. Axis Bank , Idfc Bank , Kotak Mahindra Capital Company , Nomura Financial Advisory And Securities (India) are the merchant bankers of The New India Assurance Company IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 8th August 2017.
The New India Assurance Company IPO open date is 1st November 2017 and close date is 6th November 2017. IPO Allotment Date is 8th November 2017 and Listing date is 13th November 2017.
IPO
Size:
₹ 9600.00 Cr.
Avg IPO Size (Sector Based)
: ₹
7,624.77 cr.
Sector: Insurance
IPO so far:
11
Merchant Banker:
Axis Bank
IPO by BRLM so far:
26
City:
Mumbai
IPO so far:
189
Revenue (annualised):
₹
2405.72
cr. 
PE
Ratio:
32.00x
Average Sector PE Ratio: 5.48x
The New India Assurance Company IPO size is ₹ 9600.00 Cr. with IPO price of ₹ 800.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Axis Bank Limited is the book-running lead manager of the The New India Assurance Company IPO. Link Intime India Private Limited is the Registrar for The New India Assurance Company IPO.
The New India Assurance Company IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
The New India Assurance Company IPO, based in Mumbai, operates in the Insurance sector with a focus on general insurance company. The company is launching its MainBoard IPO on the BSE,NSE exchange, using the Book Building Issue method. The New India Assurance Company IPO size is ₹ 9600.00 Cr. with fresh issue size of ₹ 9,600 and Offer for sale being ₹ Nil
The IPO allotment date for The New India Assurance Company IPO is expected to be 8th November 2017, after the finalization of basis of allotment. Investors can check The New India Assurance Company IPO allotment status on the registrars website, Link Intime India Private Limited . The New India Assurance Company IPO refund dates are 9th November 2017.
The New India Assurance Company IPO is expected to be listed on 13th November 2017.
The upper price band for the The New India Assurance Company IPO is set at ₹ 800.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on The New India Assurance Company IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the The New India Assurance Company IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 6th November 2017. After submission, funds are blocked until the basis of allotment of The New India Assurance Company IPO is finalised.
The merchant banker for The New India Assurance Company IPO is Axis Bank Limited , Idfc Bank Limited , Kotak Mahindra Capital Company Limited , Nomura Financial Advisory And Securities (India) Private Limited . Axis Bank Limited , Idfc Bank Limited , Kotak Mahindra Capital Company Limited , Nomura Financial Advisory And Securities (India) Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the The New India Assurance Company IPO RHP for further details.
The registrar for The New India Assurance Company IPO is Link Intime India Private Limited . Investors can go to Link Intime India Private Limited registrar website for IPO allotment status, refund processing, and other queries related to The New India Assurance Company IPO through their official website or helpline.
The New India Assurance Company IPO was subscribed 1.20 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 9,600.00 Cr.
Avg IPO Size (Sector Based)
:
₹ 7,624.77 Cr.
Sector: Insurance
IPO so far:
11
Merchant Banker:
Axis Bank
IPO by BRLM so far:
26
City:
Mumbai
IPO so far:
189
Revenue (annualised):
₹ 22,286.08 cr.
PE
Ratio:
32.00x
Average Sector PE Ratio: 5.48x
The New India Assurance Company IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on The New India Assurance Company Financial Review Page
Merchant Banker(s) of The New India Assurance Company IPO: Axis Bank Limited , Idfc Bank Limited , Kotak Mahindra Capital Company Limited , Nomura Financial Advisory And Securities (India) Private Limited
The New India Assurance Company IPO subscription was 1.20 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
The New India Assurance Company IPO listed at a listing price of 725.05 against the offer price of 800.00.
The current market price of The New India Assurance Company is 185.49.
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