The New India Assurance Company Limited IPO Detail, GMP, Share Price, Allotment Date

(UPDATED) 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.

New India Assurance Company Limited IPO

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.

Competitive Strengths

  1. Market leadership and established brand for around 100 years.
  2. International operations since 1920. Presence in UK with a desk at Lloyd‘s, London. Also have operations in Japan and Australia for over 50 years.
  3. Diversified product offering.
  4. Strong relationship with reputed reinsurers.
  5. Expansive multi-channel distribution network.
  6. Robust IT infrastructure

Company Promoters:
NIA promoter is the President of India, acting through the MoF.

Objects of the Issue:
The Offer comprises a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholder.

– Offer for Sale
The proceeds of the Offer for Sale shall be received by the Selling Shareholder. Company will not receive any proceeds from the Offer for Sale.

– Fresh Issue
Company proposes to utilize the Net Proceeds towards meeting our future capital requirements which are expected to arise from the growth and expansion of our business, improving our solvency margin and consequently our solvency ratio.

New India Assurance (NIA) IPO Review:
Apply with Long Term View

New India Assurance (NIA) IPO Dates & Price Band: (Approx)
IPO Open: 1-November-2017
IPO Close: 3-November-2017
IPO Size: Approx Rs. 10500 Crore (Approx)
Face Value: Rs. 5 Per Equity Share
Price Band: Rs. 770 to 800 Per Share
Listing on: BSE & NSE
Retail Portion: 35%
Equity: 12,00,00,000 Shares
Discount: Rs. 30 for Retailers & Employees

New India Assurance (NIA) IPO Market Lot:
Shares: Apply for 18 Shares (Minimum Lot Size)
Amount: Rs.14400 (For QIB & HNI)
Amount: Rs.13860 (For Retailers & Employees)

New India Assurance (NIA) IPO Allotment & Listing:
Basis of Allotment: 8-November-2017
Refunds: 9-November-2017
Credit to demat accounts: 10-November-2017
Listing: 13-November-2017

New India Assurance (NIA) Financial:
The New India Assurance has good results for last few years but PAT is decreasing for last 2 years. The PAT was 1377 crore in 2015 while it decreased to 840 crore which is down around 40%. Still the Assets increased in 2017 while Revenues is doing well for the company. It is increased around 30% in 2017 compared to 2016 while increased around 25% compared to 2016. A good company for long term view.

 Financial Results (Rs. in Crore)
2017 2016 2015 2014 2013
Assets 36567 31634 34541 N/A N/A
Revenue 20554 17673 15711 N/A N/A
PAT 840 930 1377 N/A N/A

Company Promoters:
President of India

Quick Links:
DRHP Draft Prospectus

New India Assurance (NIA) IPO Registrar:
Link Intime India Private Ltd
Phone: +91-22-25963838
Fax: +91-22-25946969
Email: [email protected]

New India Assurance (NIA) IPO Lead Managers:
Axis Bank Limited
IDFC Bank Limited
Kotak Mahindra Capital Company Limited
Nomura Financial Advisory And Securities (India) Pvt Ltd
YES Bank Limited

Company Address:
The New India Assurance Company Limited
87, M.G. Road, Fort, Mumbai 400 001
Phone: +91 22 2270 8263
Fax: +91 22 2265 2811
Email: [email protected]

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