New India Assurance IPO Allotment Status

New India Assurance IPO Status

How to check New India Assurance IPO allotment status online or offline? In this article we shared all the detail information about Allotment status of new India Assurance IPO, subscription, financial sheet for the New India Company and many more.

New India Assurance IPO

New India Assurance IPO Schedule

Want to know New India Assurance IPO schedule or information? So in this article we shared all the information like when open, close, New India Assurance allotment status, refund date, listing date, etc.

New India Assurance IPO Particular
Start Date 01/11/2017
Close Date 03/11/2017
New India Assurance IPO Allotment Date 08/11/2017
Refund Date 09/11/2017
Listing Date 13/11/2017
Price Value Rs.770 to 880 per share
Face Value Rs. 5 share
Share Lot 18 share
Listing Both NSE & BSE

Check Also: Mahindra Logistics IPO Status

About New India Assurance IPO

The New India Assurance Company Ltd. (NIA) is the largest general insurance company in India in terms of net worth, domestic gross direct premium, PAT and number of branches as on FY17. As on Mar 31, 2017, NIA had issued 27.1 mn policies across all product segments, the highest among all general insurance companies in India. Its operations are spread across 29 States, 7 Union Territories and 28 other countries globally through a number of international branches, agency offices and subsidiaries including a desk at Lloyd’s, London.

NIA has 2,452 offices in India on a pan India level. NIA has developed an expansive 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. As on June 30, 2017, its distribution network in India included 68,389 individual agents and 16 corporate agents, bancassurance arrangements with 25 banks in India, and a large number of OEM and automotive dealer arrangements through agent and broker network. It has developed a pan-India branch network. Despite the country’s size and growth profile, India continues to be an underpenetrated market with a non-life insurance penetration of only 0.77% in 2016, as compared to 1.81% in China, 1.7% in Thailand, 1.67% in Singapore and 1.62% in Malaysia and a global average of 2.81% in 2016. The untapped opportunity and penetration in general insurance provides ample scope for NIA to grow its portfolio at a rapid pace.

New India Company

The New India Assurance Co. Ltd. (NIA) is the largest general insurance company in India in terms of net worth, domestic gross direct premium, profit after tax and number of branches as of FY17 (Source: CRISIL Report). Company has been in operation for almost a century. In FY17, it had the largest market share of gross direct premium among general insurers in India (Source: CRISIL Report). As of March 31, 2017, NIA had issued 27.10 million policies across all product segments, the
highest among all general insurance companies in India (Source: CRISIL Report). As of June 30, 2017, its operations were spread across 29 States and seven Union Territories in India and across 28 other countries globally through a number of international branches, agency offices and Subsidiaries including a desk at Lloyd’s, London.

NIA’s insurance products can be broadly categorized into the following product verticals: fire insurance; marine insurance, motor insurance, crop insurance, health insurance and other insurance products. In last 5 years, despite increasing competition from private players, it has maintained market leadership in the general insurance industry in India and were
leaders in all segments except crop insurance (Source: CRISIL Report). In FY17, company’s gross direct premium from fire, engineering, aviation, liability, marine, motor and health insurance represented a market share of 19.1%, 21.9%, 29.6%, 18.2%, 21.0%, 15.1% and 18.4%, respectively, of total gross direct premium in these segments in India, and were the
market leader in each such product segment (Source: CRISIL Report)

Book Running Lead Managers for New India Assurance IPO

You know book running lead managers for the New India Assurance IPO then here we shared all the detail information.

  • Kotak Mahindra Capital Company Limited

1st Floor, 27 BKC Plot No. 27

G‖ Block Bandra Kurla Complex

Bandra (East)

Mumbai 400 051

Maharashtra, India

Tel: +91 22 4336 0000;

Fax: +91 22 6713 2447

E-mail: nia.ipo@kotak.com

Investor grievance email: kmccredressal@kotak.com

Website: www.investmentbank.kotak.c om

Contact Person: Mr. Ganesh Rane

SEBI Registration No.: INM000008704

  • Axis Capital Limited

Axis House, 1st Floor C-2 Wadia International Center

  1. B. Marg,

Worli Mumbai 400 025

Maharashtra,

India

Tel: + 91 22 4325 2183

Fax: +91 22 4325 3000

E-mail: nia.ipo@axiscap.in

Investor Grievance E-mail: complaints@axiscap.in

Website: www.axiscapital.co.in

Contact Person: Mr. Ankit Bhatia

SEBI Registration No.: INM000012029

  • IDFC Bank Limited

Naman Chambers C-32,

G Block Bandra Kurla Complex

Bandra (East) Mumbai – 400 051

Maharashtra, India

Tel: +91 22 6622 2600

Fax: +91 22 6622 2501

E-mail: NIA.IPO@idfcbank.com

Investor Grievance E-mail: mb.ig@idfcbank.com

Website: www.idfcbank.com

Contact Person: Mr. Mangesh Ghogle

SEBI Registration No.: MB/INM000012250

  • Nomura Financial Advisory and Securities (India) Private Limited

Ceejay House, Level 11 Plot F,

Shivsagar Estate,

Worli Mumbai 400 018

Maharashtra, India

Tel: +91 22 4037 4037

Fax: +91 22 4037 4111

E-mail: newindiaipo@nomura.com

Investor grievance E-mail: investorgrievancesin@nomura.com

Website: www.nomuraholdings.com/ company/group/asia/india/index.html

Contact Person: Mr. Sumit Sukhramani / Ms. Aneesha Chandra

SEBI Registration No.: INM000011419

  • YES Securities (India) Limited

IFC, Tower 1 & 2 Unit no. 602 A,

6th Floor, Senapati Bapat Marg

Elphinstone Road Mumbai 400 013

Maharashtra, India

Tel.: +91 22 7100 9829

Fax: +91 22 2421 4508

E-mail: dlnia.ipo@yessecuritiesltd.in

Investor grievance E-mail: igc@yessecuritiesltd.in

Website: www.yesinvest.in

Contact Person: Mr. Mukesh Garg

SEBI Registration No.: MB/INM000012227

Subscription of New India Assurance IPO

Here we shared subscription details of New India Assurance IPO day wise summary. All the 3 days subscription given so read carefully.

Day Day 1 Day 2 Day 3
QIB 2.13 2.16 2.34
NII 0.02 0.04 0.11
RII 0.02 0.05 0.11
EMP 0.03 0.09 0.20
Total 1.04 1.07 1.20

Register Office Address of New India

87, M.G. Road,

Fort,

Mumbai 400 001, Maharashtra,

India;

Tel: +91 22 2270 8263;

Fax: +91 22 2265 2811;

Website: www.newindia.co.in;

Contact Person: Ms. Jayashree Nair,

Company Secretary and Chief Compliance Officer; E-mail: investors@newindia.co.in;

Tel: +91 22 2270 8100;

Fax: +91 22 2270 8615;

Conclusion: New India Assurance IPO Allotment Status

In this article we shared all the latest and useful information about New India Assurance IPO allotment status, subscription, how to check, allotment, listing, etc. given.

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