Following icici , hdfc also may file for general insurance in future.National , oriental,united already in pipeline behind nia.kotak mahindra may also enter.Everybody wants money even after one year of demonetisation.
It is mandatory in Insurance Act to list insurance company which is in Business for 10+ years and is profitable. LIC is exempted to list itself in the act. So all insurance companies will be listed in coming years.
You are doing a great job by timely giving GMPs. Please ensure giving correct tradeable and unbiased bhav over a period of time. This will create your goodwill. Thanks and keep the great work going.
Tis IPO of NIA is also a scam like GIC and SBI Life in the nation of self proclaimed most honest policy maker.It will also be bailed out by GoI Cos through the money of public as done by LIC in above 2 cases. .It will cause loss to its investors , bailers and benefit GoI.It is intended at PE of 82 . Shelve it GoI to save investors .
Don''t be so sceptic any insurance comp IPO''s...it is only due to regulatory reforms imposed by IRDAI on ins. Comp. According to IRDA, promoters shareholding must be reduced to atleast 75% in all ins. Comp. Operating for more than 10 yrs in the market.
slew of insurance ipos. mad mad rush by insurers to offload stake as if they know something''s gonna happen very soon. something catastrophic for the sector, something that''s far worse, far beyond the imagination of common investors. time to be cautious, time to beware.