The New India Insurance Ipo Allotment Status

The new india insurance ipo allotment status

The New India Assurance Company Limited IPO, NIA IPO, New India Assurance IPO, New India IPO, New India Assurance IPO Allotment Status, New India Assurance GMP, Grey Market Price of New India IPO, Subscription Details, Rating, The New India Assurance IPO Review, Listing Date, IPO Poll.

New India Assurance IPO

State-owned general insurer New India Assurance Co.

The new india insurance ipo allotment status

Ltd (NIA) is going to launch its IPO in the month of November 2017. The company has announced that it is going to raise money from the markets.

Company Financials:

The company plans to raise Rs. 9,600 crore.

The new india insurance ipo allotment status

The initial public offering (IPO) of The New India Assurance Company Limited will open on 1st November 2017. The company has set a price band of Rs. 770- Rs.

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800 per share. The IPO will close on 3rd November 2017.

Investors who want to know more about this IPO can check the below-given page which will provide them information about the DRHP, Date, Price, New India Allotment Status Link, Subscription, New India Assurance IPO Listing Date etc.

The new india insurance ipo allotment status

So, investors need to check the information carefully to get all information.

The company will be valued at Rs. 64,392 – Rs.

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67,940 crore at the current price band. The NIA is a state-owned or the Government company which will see a total stake dilution of 14.13%.

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The IPO includes a fresh issue of Rs. 1,920 crore.

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The government, in an offer for sale, plans to sell a total of 96000000 shares, which will fetch Rs. 7,680 crore at the upper end of the price band.

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Department of investment and public asset management (DIPAM) is selling government stake in NIA under the Union government’s divestment plan.

Contents

New India Assurance IPO

Grey Market Price, GMP Rates, Premium

DateGMPKostak RateSauda
09 November 2017Seller

NIA IPO Daily Subscription Figures

CategorySHARES OFFERED01 November 201702 November 201703 November 2017
RII407400000.020.050.11
NII174600000.020.040.12
QIB582000002.132.162.34
Employees36000000.030.080.21
Total1200000001.041.071.19

Listing Day Figures (13th November 2017)

 NSE (NIACL)BSE (540769)
IPO PriceRs.

800

Rs. 800
OpenRs. 750Rs.

Company Promoters:

748.90

HighRs. 750Rs. 749
LowRs. 717.40Rs. 717.75
CloseRs.

New India Assurance Ltd IPO - New India Assurance IPO date - New India Assurance IPO Details

727.10

Rs. 725.05
DifferenceDown Rs. 72.90 (-9.11%)Down Rs. 74.95 (-9.37%)
Category: Latest IPO