The New India Assurance Company Limited IPO (New India Assurance IPO) Detail

Nov 1, 2017 - Nov 3, 2017

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.

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.

Company has built an 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. Company's distribution network includes 68,389 individual agents and 16 corporate agents, 25 banks, and a large number of OEM and automotive dealer.

New India Assurance is rated A-(Excellent) by AM Best Company since 2007 and have been rated AAA/Stable by CRISIL since 2014.

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.

Company Financials:

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (in Rs. million)
	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	365,668.25	316,338.34	345,410.14
Total Revenue	205,536.23	176,727.27	157,110.83
Profit After Tax	8,398.60	9,303.54	13,773.23

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 IPO Details

IPO Opening Date	Nov 1, 2017
IPO Closing Date	Nov 3, 2017
Issue Type	Book Built Issue IPO
Face Value	₹5 per equity share
IPO Price	₹770 to ₹800 per equity share
Market Lot	18 Shares
Min Order Quantity	18 Shares
Listing At	BSE, NSE
Issue Size	120,000,000 Eq Shares of ₹5 (aggregating up to ₹9,600.00 Cr)
Fresh Issue	24,000,000 Eq Shares of ₹5 (aggregating up to ₹[.] Cr)
Offer for Sale	96,000,000 Eq Shares of ₹5 (aggregating up to ₹[.] Cr)
Retail Discount	? 30 per share
Employee Discount	? 30 per share

New India Assurance IPO Tentative Timetable

The New India Assurance IPO open date is Nov 1, 2017, and the close date is Nov 3, 2017. The issue may list on Nov 13, 2017.

IPO Open Date	Nov 1, 2017
IPO Close Date	Nov 3, 2017
Basis of Allotment Date	Nov 8, 2017
Initiation of Refunds	Nov 9, 2017
Credit of Shares to Demat Account	Nov 10, 2017
IPO Listing Date	Nov 13, 2017

New India Assurance IPO Lot Size

The New India Assurance IPO market lot size is 18 shares. A retail-individual investor can apply for up to 13 lots (234 shares or ₹187,200).

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	18	₹14,400
Maximum	13	234	₹187,200

ICICI Lombard IPO Vs New India Assurance IPO

Comparision of ICICI Lombard and New India Assurance IPO
Particulars	ICICI Lombard (Pvt Sector)	New India Assurance (PSU)
IPO size at the upper price band	Rs 5700 crore	Rs 9600 crore
Price Band	Rs 651 - Rs 661	Rs 770 - Rs 800
Shares issued at	Rs 661.00	NA
FV Rs Per share	Rs 10	Rs 5
Minimum application lot	22 shares	18 shares
Issue dates	15.09.17 to 19.09.17	01.11.17 to 03.11.17
Discount offered	NIL	Rs 30 per share to Retail/Employees
Issue allocations	50% QIBs, 15% HNIs, 35% Retail	50% QIBs, 15% HNIs, 35% Retail
IPO constitute % of post issue capital	19%	14.56%
NAV at the time of IPO	Rs 82.57 per share	Rs 164.04
IPO priced at P/BV	7.6	2.4
IPO priced at P/E	46 to 50	31 to 33
Market share of its overall business	8.40%	15%
Main Promoters	ICICI Group	Govt. of India
Listing at	BSE/NSE	BSE/NSE
Post issue promoter holding	55.92%	85.44%
Market Cap based on upper price band	Rs 30006 crore	Rs 65920 crore
In operation since	Since 2000	Since 1919
Net worth as on 31.03.17	Rs 3328 crore	Rs 12596 crore
Net woth as on 30.06.17	Rs 3919 crore	Rs 13123.5 crore
No. of policies as on 31.03.17	17.7 million	27.10 million
Investment asset as on 30.06.17	Rs 16446 crore	Rs 63122 crore
Investment Income for FY 2017	Rs 315 crore	Rs 4535 crore
Investment Income for Q1 2018	Rs 122 crore	Rs 1255 crore
Solvency Ratio (IRDAI Specific 150%) as on 30.06.17	213%	227%

New India Assurance IPO Subscription Status (Bidding Detail)

The New India Assurance IPO is subscribed 1.20x times on Nov 3, 2017 16:00. The public issue subscribed 0.11x in the retail category, 2.34x in the QIB category, and 0.11x in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
QIB	2.34x
NII	0.11x
RII	0.11x
Employee	0.20x
Total	1.20x

New India Assurance IPO Prospectus

› New India Assurance IPO DRHP
› New India Assurance IPO RHP

New India Assurance IPO Rating

562

3.3

Rating:

Vote Here ...

New India Assurance IPO Listing Date

Listing Date	Monday, November 13, 2017
BSE Script Code	540769
NSE Symbol	NIACL
Listing In	B
ISIN	INE470Y01017
IPO Price	₹800 per equity share
Face Value	₹5 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

BSE
₹800.00
₹748.90
₹717.75
₹749.00
₹725.05
430,055

NSE
₹800.00
₹750.00
₹717.40
₹750.00
₹727.10
2,539,383

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Company Contact Information

The New India Assurance Company Limited
87, M.G. Road, Fort,
Mumbai 400 001

Phone: +91 22 2270 8263
Email: investors@newindia.co.in
Website: http://www.newindia.co.in/

New India Assurance IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: nia.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

New India Assurance IPO Lead Manager(s)

Lead Manager Reports

New India Assurance IPO FAQs

What is New India Assurance IPO?

New India Assurance IPO is a main-board IPO of 120,000,000 equity shares of the face value of ₹5 aggregating up to ₹9,600.00 Crores. The issue is priced at ₹770 to ₹800 per equity share. The minimum order quantity is 18 Shares.

The IPO opens on Nov 1, 2017, and closes on Nov 3, 2017.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
When New India Assurance IPO will open?

The New India Assurance IPO opens on Nov 1, 2017 and closes on Nov 3, 2017.
What is the lot size of New India Assurance IPO?

New India Assurance IPO lot size is 18 Shares and the minimum order quantity is 18 Shares.
How to apply for New India Assurance IPO?

You can apply in New India Assurance IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
When New India Assurance IPO allotment?

The finalization of Basis of Allotment for New India Assurance IPO will be done on Nov 8, 2017, and the allotted shares will be credited to your demat account by Nov 10, 2017. Check the New India Assurance IPO allotment status.
When is New India Assurance IPO listing date?

The New India Assurance IPO listing date is on Monday, November 13, 2017.

New India Assurance IPO Message Board

Ranked Members

392. Super Trader |Dec 18, 2017 07:18

Top Contributor (200+ Posts, 100+ Likes)

Can we enter New India Insurance ? looks still downside risk (under 500). Experts suggestions welcome.

391. RAJAKUMAR |Dec 7, 2017 12:14

IPO Guru (1400+ Posts, 1000+ Likes)

AT 12.10 PM
QIB 1.97
HNI 0.03
RETAIL 1.28 TIMES
TOTAL 1.21 TIMES
RETAIL APPLICATION WISE 1.11
NO. OF APPLICATION 1,31,700

390. AGK |Dec 4, 2017 13:58

A low of 600 today...whats happening? This is just falling day by day

389. P M |Nov 29, 2017 18:54

IPO Guru (1100+ Posts, 1100+ Likes)

Again makes new all time low today ------------- 633.35

389.1. Navkant |Dec 1, 2017 21:17

Top Contributor (300+ Posts, 300+ Likes)

What a waste of money from LIC ????. Should have offered the IPO at the current Stock price point.

388. P M |Nov 27, 2017 18:03

IPO Guru (1100+ Posts, 1100+ Likes)

Again makes new all time low today ------------- 635.00

387. P M |Nov 23, 2017 17:59

IPO Guru (1100+ Posts, 1100+ Likes)

Again makes new all time low today ------------- 650.20

386. P M |Nov 21, 2017 20:48

IPO Guru (1100+ Posts, 1100+ Likes)

Again makes new all time low today ------------- 663.00

385. P M |Nov 20, 2017 16:50

IPO Guru (1100+ Posts, 1100+ Likes)

Again makes new all time low today ------------- 667.10

384. gamble |Nov 13, 2017 11:12

IPO Guru (1600+ Posts, 3900+ Likes)

I was not expecting this quick 3% gain,
Anyway reducing some quantity @742,it was good trade!!

Now premium nikl jayega aaj ke profit se, may b!!

349.1. gamble Nov 13, 2017 10:10:09 AM IST 1 |
IPO Guru (1500+ Posts, 2800+ Likes)

Added some @719.5 placed limit earlier,

If it go down '''''''' Medicliam premium Nahi bharenge'''''''' !!!!!

384.1. Prashant Hemrajani |Nov 20, 2017 13:49

Sir share your view on nia and gic now... what to do

384.2. lakkiboy |Nov 28, 2017 11:07

@gamble ji, Holding talkwalkers from 310 level and around 6 months.. i dont see any upside... Canni continue to hold?

383. MickeyP |Nov 19, 2017 16:22

Top Contributor (300+ Posts, 400+ Likes)

Seems there is no IPO lined up in the next few days. Finally IPO flood is settling down.

382. P M |Nov 17, 2017 17:34

IPO Guru (1100+ Posts, 1100+ Likes)

Today makes new all time low ------------- 673.20

382.1. yazoo |Nov 18, 2017 14:43

The counter is illiquid and no one is buying so selling off on low volumes
Sad story of govt apathy

381. Bullish On India |Nov 17, 2017 16:51

NIA declares interim dividend of Rs. 3.75 per share

380. Satya bellala |Nov 17, 2017 12:15

Hi Guys -

What is the maximum price will go today any expectation, why because i need to hold or sell?

379. P M |Nov 16, 2017 18:02

IPO Guru (1100+ Posts, 1100+ Likes)

Today makes new all time low ------------- 678.10

378. Bullish On India |Nov 16, 2017 11:43

Good quarterly results reported by NIA yesterday

377. P M |Nov 15, 2017 17:55

IPO Guru (1100+ Posts, 1100+ Likes)

Today makes new low ------------ NSE - 679.35 ---------------- BSE - 680.00
Closed @ --------------------------- NSE - 682.70 ---------------- BSE - 681.75

376. Cool Sunshine |Nov 15, 2017 14:27

Congratulations retailers !!!! Finally it happened...........

IPOs of United India, Oriental Insurance likely to be deferred to December 2018

http://www.moneycontrol.com/news/business/markets-business/ipos-of-united-india-oriental-insurance-likely-to-be-deferred-to-december-2018-2439175.html

376.1. Anarchist |Nov 15, 2017 16:11

IPO Mentor (500+ Posts, 1400+ Likes)

Of course! the promoters understand the retailers don''t remember things beyond a few months....so post fall 2018 sounds perfect to initiate the next round of slaughter..

375. yazoo |Nov 15, 2017 15:35

NIC now 15% down ie worst case scenario ... 680 is it a good buy / avg now ? or will it take another 3% fall trrow ?
Govt babus have given indication thru postponement that even lic will find it difficult to support its disinvestment thanks to 10 to 15% dhulai of gic and nic !!

375.1. Anarchist |Nov 15, 2017 16:00

IPO Mentor (500+ Posts, 1400+ Likes)

no buy zone ends under 500...,that''s where the blind buy zone must begin...
if you remember, there was a sudden jump in the pat during the last quarter.. and despite hike in the premiums, revenues weren''t affected..if one has to be sure, they should ideally wait to see how the next quarter''s numbers look like...and buy if they are consistent with the quarter that went by..

374. yazoo |Nov 15, 2017 09:37

Almost down 14% where is bottom of NIA ? lack of buying from fis or fiis or mfs
Looks like oil and elections is weighing heavy on the markets

373. Chem cho |Nov 13, 2017 10:14

IPO Guru (2000+ Posts, 2000+ Likes)

RANGE BETWEEN RS 728 - RS 710

as per my graph , at 10.14

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