The New India Assurance Company Limited IPO
The New India Assurance Company Limited was a mainboard IPO in the General Insurance sector, offered at ₹385–₹400 per share to raise ₹9,600 crore. The issue was subscribed 1.19× overall (QIBs 2.34×, NIIs 0.12×, retail 0.11×). It listed on 13 Nov 2017 at ₹375 and closed its first day at ₹364, a listing loss of -9.1% versus the ₹400 issue price. It now trades around ₹159 (-60.3% versus the issue price).
Frequently asked questions
- How many times was the The New India Assurance Company Limited IPO subscribed?
- The The New India Assurance Company Limited IPO was subscribed 1.19× overall — 2.34× in the QIB category, 0.12× among non-institutional investors, 0.11× in retail.
- What were the The New India Assurance Company Limited IPO listing gains?
- The New India Assurance Company Limited listed on 13 Nov 2017 at ₹375, closing its first day at ₹364 — a listing loss of -9.1% versus the ₹400 issue price.
- What were the retail allotment odds for the The New India Assurance Company Limited IPO?
- Retail was subscribed 0.11×, so a single-lot application had roughly a 100% chance of allotment — most applicants were allotted, and allotment was finalised on 7 Nov 2017.
- What was the price band and lot size of the The New India Assurance Company Limited IPO?
- The price band was ₹385–₹400 per share, with a minimum lot of 18 shares (₹7,200 at the upper band).
- Who were the registrar and lead manager for the The New India Assurance Company Limited IPO?
- Link Intime India Private Limited was the registrar, and Kotak Mahindra Capital was the book-running lead manager.