Some cumulative nice , entertaining n refreshing posts from our below forum members.????
1. shree vas Hope this woudnt become a sister of GIC
2.mickeyp Series of expensive IPO''''s... All are getting over subscribed somehow! God alone knows from where so much of money is coming in our so called "poor" country!????
3.gamble 25% caGr but in decrement mode,!! ????
( Yes really margin n profit is in DeGrowth 13000 To 9000 , 9000 To 8000 cr. & still asking Rs.800 for 5 Rs. Face Value )
4. Anarchist who is the registrar to this issue?
MITTAL May be karvy
Anarchist shit!!???? (I too hate karvy)
5.virat kohli Now I know why not focused on game ! ( Just Kidding )
Dear Friends n Bros , keep it up.????
12.1. sree vas| Link| Bookmark|
October 23, 2017 9:14:18 AM
Top Contributor (500+ Posts, 100+ Likes)
Thank you
12.2. gamble| Link| Bookmark|
October 23, 2017 11:08:46 AM
(1600+ Posts, 3900+ Likes)
New India Assurance (NIA), the largest general insurance company in the country, is set to hit the capital markets with around Rs10,000 crore initial public offering (IPO) in the first week of November.
The offer comes soon after the Rs11,370 crore IPO of General Insurance Corp. of India Ltd (GIC Re), which will be listed on 25 October. It has already been oversubscribed by over 1.35 times. The street has seen a couple of more IPOs in last one and half months, which include ICICI Lombard and SBI Life.
The IPO of the insurance multinational having operations in 28 countries will be completed in the first week of November, government officials told PTI. The exact amount and pricing for the IPO will be announced by the company early this week.
Recently, the company’s top management had completed the overseas road shows and had seen robust response for the issue. Earlier, the company had appointed five merchant bankers — Kotak, Axis Bank, Nomura, IDFC and Yes Bank for the IPO. The company, which is targeting Rs26,000 crore premium in the current fiscal, is the largest general insurer in terms of premium, profits, market share and distribution network.
New India Assurance has assets of over Rs69,000 crore and solvency of 2.27 despite growing at compounded annual growth rate of over 15% for last five years. NIA’s networth, including fair value of investments, increased to over Rs38,100 crore as of June-end. Its market value of investments stood at Rs63,100 crore at the end of June quarter of the current fiscal.
The company, which will be celebrating its ‘centenary year’ in one year, has a rich legacy and sustained its market leadership despite 31 players being there in the industry. In fact, New India’s market share has increased in the last five years and currently hovering around 16%.
India’s top business houses are long-time customers of NIA. New India is the country’s only direct insurer with an international ‘A’ rating and has operations through a desk at Lloyd’s, the world’s largest specialist insurer. Some of the other insurers’ IPOs, which are likely to hit the street in near future include HDFC Life, Reliance General and National Insurance Company
Series of expensive IPO''s... All are getting over subscribed somehow! God alone knows from where so much of money is coming in our so called "poor" country!
The issue size of NIA around 10000 crores. No.of shares offloads are 120000000.(12 crores) price band around 775 - 830. Again big issue. Baki ram Jane ya jaitelly saheb.
Take my advice: don''t invest in this IPO. Buy from market after listing. You will get it at a better price. Company is strong, worth having in portfolio.
Again BIG issue from Indian govt... hope it Wont disappoint Investors with Price band and planing of the issue... Retail discount will be part of the issue as per our information...????