|
THE NEW INDIA ASSURANCE COMPANY LIMITED
OurCompany was incorporated as 'The New India Assurance Company Limited' on July
23.1919 at Mumbai. Maharashtra. India as a limited company under the Indian Companies Act.
Vll of 1913 with the Registrar of Companies. Maharashtra. Our Company obtained the
certificate of commencement of business on October 14,1919. Pursuant to the 1973 Scheme.
which came into force on January 1,1974, our Company was nationalized by the Gol. Our
Company is registered with the Insurance Regulatory and Development Authority of India ('IRDA')
for carrying out tha business of general insurance. For details, see 'History and
Certain Corporate Matters' on page 196 of the Prospectus dated November 6. 2017 ('Prospectus').
Registered and Corporate Office; New India Assurance
Building, 87.M.G. Road, Fort. Mumbai 400 001. Maharashtra. India: Tel:
+91 22 2270 8263 Fax: +91 22 22652811; Website: www.newindia.co.in; Contact Person:
Ms JayashreeNair, Company Secretary and Chief Compliance Officer; E-mail;
investors@newindia.co.in; Tel:
+9122 2270 8100;
Fax: +9122 2270 8615; Corporate Identity Number;
U99999MH1919GOI000526; IRDAI Registration Number; 190-. dated July
26,2017 (For details, see 'Goverment and Other Approvals' on page 532 of the Prospectus).
OUR PROMOTER: THE PRESIDENT OF INDIA, ACTING THROUGH THE
MINISTRY OF FINANCE, GOVERNMENT OF INDIA
BASIS OF ALLOTMENT
Our Company has- filed the Prospectus with the Registrar of
Companies, Mumbai and the Equity Shares are proposed to be listed on the BSE Limited
('BSE') and the National Stock Exchange of India Limited ('NSE') and
the trading is expected to commence on or about November 13,20l7
INITIAL PUBLIC OFFERING OF 120.000.000 EQUITY SHARES OF FACE VALUE OF RS 5 EACH
('EQUITY SHARES') OF TH E NEW INDIA ASSURANCE COMPANY LIMITED
('ISSUER' OR 'COMPANY') FOR CASH AT A PRICE OF RS 800* PER EQUITY
SHARE INCLUDING ASHARE PREMIUM OF RS 795 PER EQUITY SHARE ('OFFER PRICE').
AGGREGATING UP TO RS 94,669,80 MILLION CONSISTING OF A FRESH ISSUE OF 24.000.000 EQUITY
SHARES AGGREGATING RS 18,933.96 MILLION ('FRESH ISSUE') AND AN OFFER FOR SALE OF
96.000.000 EQUITY SHARES AGGREGATING RS 75,735.84 MILLION ('OFFER FOR SALE' AND
TOGETHER WITH THE FRESH ISSUE. THE 'OFFER') BY THE PRESIDENT OF INDIA, ACTING
THROUGH THE MINISTRY OF FINANCE. GOVERNMENT OF INDIA (THE 'SELLING
SHAREHOLDER'). THE OFFER AND THE NET OFFER SHALL CONSTITUTE 14.56% AND 14.13%,
RESPECTIVELY OF THE POST-OFFER PAID- UP EQUITY SHARE CAPITAL OF OUR COMPANY.
THE OFFER INCLUDED A RESERVATION OF 3.600,000 EQUITY SHARES AGGREGATING RS
2,772 MILLION FOR SUBSCRIPTION BY ELIGIBLE EMPLOYEES (THE 'EMPLOYEE RESERVATION
PORTION'). THE OFFER WILL COMPRISE THE NET OFFER OF 116.400.000 EQUITY SHARES AND THE
EMPLOYEE RESERVATION PORTION OF 3.600,000 EQUITY SHARES.
*A discount of Rs 30 on the Offer Price was offered to Retail Individual
Investors ('Retail Discount') and to Eligible Employees. Bidding in the Employee
Reservation Portion ('Employee Discount').
THE OFFER PRICE : RS 800 PER EQUITY SHARE OF FACE VALUE OF RS 5
EACH
THE OFFER PRICE IS 160 TIMES OF THE FACE VALUE
Risks to Investors:
i. The five Book Running Lead Managers (''BRLMs')
associated with the Offer have handled 49 public offers in the past three years, out nf
which 13 offers- closed bslow the offer price on listing date.
ii, The Price/Earnings ratio based on diluted EPS for Fiscal 2017 as per Restated
Consolidated Financial Statements for the Issuer at the upper end pf the price band is as
high as 74.63, Compared to the industry peer group Price./Earnings ratio of 47.45*.
BID/OFFER PROGRAMME:
BID/OFFER OPENED ON NOVEMBER 1, 2017 | BID/OFFER CLOSED ON NOVEMBER 3,2017
In terms of Rule 19(2) (b) of the Securities Contracts (Regulation) Rules,
1957. as amended (the 'SCRR'), the Offer was made for at least
10% of the post-Offer paid-up equity share capital of our Company. The Offer was made
through the Book Building Process, in reliance of Regulation 26(1) of the Securities and
Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations. 2009 ('SEBI
ICDR Regulations'), wherein not more than 50% of the Net Offer was available
on a proportionate basis to Qualified Institutional Buyers ('QIBs Portion').
Such numbers of Offered Shares representing 5% of the QIB Portion was available for
allocation on a proportionate basis to Mutual Fund only, subject to vaild bids being
received from them at or above the Offer Price. The remainder of the QIB Portion was
available for allocation on a proportionate basis to all QIBs, including Mutual Funds,
subject to valid Bids being received from them at or above the Offer Price. Further, not
less than 15% of the Net Offer was available for allocation on a proportionate basis to
Non-lnsfjlutional Bidders and not less than 35% of the Net Offer was available for
allocation, in accordance with the SEBI ICDR Regulations, to Retail Individual Investors,
subject to valid Bids being received from them at or above the Offer Price. Further, up to
3,600,000 Equity Shares were- offered for allocation and Allotment on a proportionate
basis to the Eligible Employees Bidding in the Employee Reservation Portion, conditional
upon valid Bids being received from them at or above the Offer Price.
All Bidders were required to mandatorily utilise the Applications Supported by Blocked
Amount ('ASBA') process by providing the details of their
respective bank accounts in which the corresponding Bid Amount will be blocked by the Self
Certified Syndicate Banks ('SCSBs'). For delails, see 'Offer
Procedure' on page 565 of the Prospectus.
The Offer received 131,642 applications for 142.840.008 Equity Shares as per the bid book
resulting in 1,1903 times subscription. The details of the applications received in tha
Offer from Retail Individual Bidders. Non-Institutional Bidders, QIBs and Employee
reservation portion are as under (before technical rejections):
Sr.
No. |
Category |
No. of
Applications |
No. of Equity
Shares applied |
Equity Shares
Reserved as per
Prospectus |
No. of times
Subscribed |
Amount
(in Rs) |
| A |
Retait Individual Investors |
123,714 |
4,330,008 |
40,740,000 |
0.1063 |
3,339,579,258.00 |
| B |
Non Institutional Investors |
148 |
1,945,260 |
17,450,000 |
0.1114 |
1,556,070,500.00 |
| C |
Qualifies Institutional Buyers |
55 |
135,867,960 |
58,200,000 |
2.3345 |
108,575,963,100.00 |
| D |
Eligible Employee |
7,725 |
696,780 |
3,600,000 |
0.1936 |
536,985,795.00 |
|
Total |
131,642 |
142,840,008 |
120,000,000 |
1.1903 |
114,008,598,653.00 |
Final Demand
A summary of the final demand as per the BSE and the NSE as on the Btd/Offer Closing Date
at different Bid prices is as under: (excluding duplicate bids)
| Sr. No. |
Bid Price (Rs) |
Bids Quantity |
% To Total |
Cumulative Total |
Cumulative % of Total |
| 1 |
770 |
5,713,002 |
3.90 |
5,713,002 |
3.90 |
| 2 |
771 |
3,582 |
0.00 |
5,716,584 |
3.90 |
| 3 |
772 |
2,232 |
0.00 |
5,718,816 |
3.90 |
| 4 |
773 |
594 |
0.00 |
5,719,410 |
3.90 |
| 5 |
774 |
1,008 |
0.00 |
5.720,418 |
3.90 |
| 6 |
775 |
1,626,984 |
1.11 |
7,347,402 |
5.01 |
| 7 |
776 |
396 |
0.00 |
7,347,798 |
5.01 |
| 8 |
777 |
1,602 |
0.00 |
7,349,400 |
5.01 |
| 9 |
778 |
756 |
0.00 |
7,350,156 |
5.02 |
| 10 |
779 |
576 |
0.00 |
7,350.732 |
5.02 |
| 11 |
780 |
31,770 |
0.02 |
7,382,502 |
5.04 |
| 12 |
781 |
954 |
0.00 |
7.383.456 |
5.04 |
| 13 |
782 |
342 |
0.00 |
7,383,798 |
5.04 |
| 14 |
783 |
180 |
0.00 |
7,383,978 |
5.04 |
| 15 |
784 |
108 |
0.00 |
7,384,086 |
5.04 |
| 16 |
785 |
13,428 |
0.01 |
7.397.514 |
5.05 |
| 17 |
786 |
774 |
0.00 |
7,398.288 |
5.05 |
| 18 |
787 |
198 |
0.00 |
7,398,486 |
5.05 |
| 19 |
788 |
252 |
0.00 |
7,398.738 |
5.05 |
| 20 |
789 |
684 |
0.00 |
7,399,422 |
5.05 |
| 21 |
790 |
37,008 |
0.03 |
7,436,430 |
5.07 |
| 22 |
791 |
324 |
0.00 |
7,436,754 |
5.07 |
| 23 |
792 |
792 |
0.00 |
7,437,546 |
5.08 |
| 24 |
793 |
630 |
0.00 |
7,438,176 |
5.08 |
| 25 |
794 |
396 |
0.00 |
7,438,572 |
5.08 |
| 26 |
795 |
1,577,088 |
1.08 |
9,015,660 |
6.15 |
| 27 |
796 |
324 |
0.00 |
9,015.984 |
6.15 |
| 28 |
797 |
306 |
0.00 |
9,016,290 |
6.15 |
| 29 |
798 |
4,374 |
0.00 |
9,020.664 |
6.16 |
| 30 |
799 |
4,644 |
0.00 |
9,025,308 |
6.16 |
| 31 |
800 |
133,164,180 |
90.87 |
142,189,488 |
97.02 |
| 32 |
9999 |
4,362,012 |
2.98 |
146,551,500 |
100.00 |
|
TOTAL |
146,551,500 |
100.00 |
|
|
The Basis of Allotment was finalized in consultation with the Designated Stock
Exchange, being BSE on November 9,2017.
A. Allotment to Retail Individual Investors (After Technical Rejections]
(Including ASBA Applications)
The Basis of Allotment to the Retail Individual Bidders, who have bid at cut-off or at the
Offer Price of Rs 800 per Equity Share (less discount of Rs 30), was finalized in
consultation with the BSE. This category has been subscribed to the extent of 0.0999
times. The total number of Equity Shares Allotted in Retail Individual Bidders category is
4,070,430 Equity Shares to 116.614 successful applicants. The category-wise details of the
Basis of Allotment are as under:
| Category |
No. of
Applications
Received |
% of
Total |
Total No. of
Equity Shares
applied |
% to
Total |
No. of Equity
Shares Allotted
per Applicant |
Ratio |
Total No of
Equity Shares
Allotted |
| 18 |
88,010 |
75.47 |
1,584,180 |
38.92 |
18 |
1:1 |
1,584,180 |
| 36 |
12,064 |
10.35 |
434,304 |
10.67 |
36 |
1:1 |
434,304 |
| 54 |
4,643 |
3.98 |
250,722 |
6.16 |
54 |
1:1 |
250,722 |
| 72 |
2,191 |
1.88 |
157,752 |
3.88 |
72 |
1:1 |
157,752 |
| 90 |
1,981 |
1.70 |
178,290 |
4.38 |
90 |
1:1 |
178,290 |
| 108 |
1,240 |
1.06 |
133,920 |
3.29 |
108 |
1:1 |
133,920 |
| 126 |
1,112 |
0.95 |
140,112 |
3.44 |
126 |
1:1 |
140,112 |
| 144 |
438 |
0.38 |
63,072 |
1.55 |
144 |
1 1 |
63,072 |
| 162 |
144 |
0.12 |
23,328 |
0.57 |
162 |
1:1 |
23,328 |
| 180 |
787 |
0.67 |
141,660 |
3.48 |
180 |
1:1 |
141,660 |
| 198 |
220 |
0.19 |
43,560 |
1.07 |
198 |
1:1 |
43,560 |
| 216 |
205 |
0.18 |
44,280 |
1.09 |
216 |
1:1 |
44,280 |
| 234 |
1,481 |
1.27 |
346,554 |
8.51 |
234 |
1:1 |
346,554 |
| 252 |
2,098 |
1.80 |
528,696 |
12.99 |
252 |
1:1 |
528,696 |
| TOTAL |
116,614 |
100.00 |
4,070,430 |
100.00 |
|
|
4,070,430 |
Unsubscribed portion of 36,669,570 Equity shares spilled over to QIB Category.
B. Allotment to Non Institutional Investors (After Technical Rejections)
(including ASBA Applicalions)
The Basis of Allotment to the Non-Institutional Bidders, who have bid at the Offer Price
of Rs 800 per Equity Share or above, was finalized in consultation with the BSE. This
category has been subscribed to the extent of 0.1109 times. The total number of Equity
Shares allotted in this category is 1,935,630 Equity Shares to 127 successful applicants.
The category-wise details of the Basis of Allotment are as under: (Sample)
| Category |
No. of
Applications
Received |
% to
Total |
Total No. of
Equity Shares
applied |
% to
Total |
No, of Equity
Shares Allotted
per Applicant |
Ratio |
Total No. of
Equity Shares
Allotted |
| 252 |
16 |
12.60 |
4,032 |
0.21 |
252 |
1:1 |
4,032 |
| 270 |
17 |
13.39 |
4,590 |
0.24 |
270 |
1:1 |
4,590 |
| 288 |
3 |
2.36 |
864 |
0.04 |
288 |
1:1 |
864 |
| 306 |
2 |
1.57 |
612 |
0.03 |
306 |
1:1 |
612 |
| 324 |
2 |
1.57 |
648 |
0.03 |
324 |
1:1 |
648 |
| 360 |
13 |
10.24 |
4,680 |
0.24 |
360 |
1:1 |
4,680 |
| 378 |
1 |
0 79 |
378 |
0.02 |
378 |
1:1 |
375 |
| 396 |
3 |
2.36 |
1,188 |
0.06 |
396 |
1:1 |
1,188 |
| 432 |
1 |
0.79 |
432 |
0.02 |
432 |
1:1 |
432 |
| 450 |
2 |
1.57 |
900 |
0.05 |
450 |
1:1 |
900 |
| 486 |
2 |
1.57 |
972 |
0.05 |
486 |
1:1 |
972 |
| Category |
No. of
Applications
Received |
% of
Total |
Total No, of
Equity Shares
applied |
% to
Total |
No. of Equity
Shares Allotted
per Applicant |
Ratio |
Total No. of
Equity Shares
Allotted |
| 504 |
2 |
1.57 |
1,008 |
0.05 |
504 |
1:1 |
1,008 |
| 540 |
10 |
7.87 |
5,400 |
0.28 |
540 |
1:1 |
5,400 |
| 576 |
1 |
0,79 |
576 |
0.03 |
576 |
1:1 |
576 |
| 612 |
9 |
7.09 |
5,508 |
0.28 |
612 |
1:1 |
5,508 |
| 630 |
5 |
3.94 |
3,150 |
0.16 |
630 |
1:1 |
3,150 |
| 720 |
2 |
1.57 |
1,440 |
0.07 |
720 |
1:1 |
1,440 |
| 738 |
1 |
0.79 |
738 |
0.04 |
738 |
1:1 |
738 |
| 900 |
2 |
1.57 |
1,800 |
0.09 |
900 |
1:1 |
1,800 |
| 1,008 |
1 |
3.79 |
1,008 |
0.05 |
1,008 |
1:1 |
1,008 |
| 1,080 |
3 |
2.36 |
3,240 |
0.17 |
1,080 |
1:1 |
3,240 |
| 1,116 |
1 |
0.79 |
1,116 |
0.06 |
1,116 |
1:1 |
1,116 |
| 1,242 |
3 |
2.36 |
3,726 |
0.19 |
1,242 |
1:1 |
3,726 |
| 1,260 |
2 |
1.57 |
2.520 |
0.13 |
1,260 |
1:1 |
2,520 |
| 1,296 |
1 |
0.79 |
1,296 |
0.07 |
1,296 |
1:1 |
1,296 |
| 1,350 |
1 |
0.79 |
1,350 |
0.07 |
1,350 |
1:1 |
1,350 |
| 1,440 |
1 |
0.79 |
1,440 |
0.07 |
1,440 |
1:1 |
1,440 |
| 1,800 |
1 |
0.79 |
1,800 |
0.09 |
1,800 |
1:1 |
1,800 |
| 1,872 |
1 |
0.79 |
1,872 |
0.10 |
1,872 |
1:1 |
1,872 |
| 1,998 |
1 |
0.79 |
1,998 |
0.10 |
1,998 |
1:1 |
1,998 |
| 2,484 |
1 |
0.79 |
2,484 |
0.13 |
2,484 |
1:1 |
2,484 |
| 3,096 |
1 |
0.79 |
3,096 |
0.16 |
3,096 |
1:1 |
3,096 |
| 6,246 |
1 |
0.79 |
6,246 |
0.32 |
6,246 |
1:1 |
6,246 |
| 12,510 |
1 |
0.79 |
12,510 |
0.65 |
12,510 |
1:1 |
12,510 |
| 12,600 |
3 |
0.36 |
37,800 |
1.95 |
12,600 |
1:1 |
37,800 |
| 24,984 |
1 |
0.79 |
24,984 |
1.29 |
24,984 |
1:1 |
24,984 |
| 37,512 |
1 |
0.79 |
37,512 |
1.94 |
37,512 |
1:1 |
37,512 |
| 62,496 |
2 |
1.57 |
124,992 |
6.46 |
62,496 |
1:1 |
124,992 |
| 124,740 |
1 |
0.79 |
124,740 |
6.44 |
124,740 |
1:1 |
124,740 |
| 126,000 |
1 |
0.79 |
126,000 |
6.51 |
126,000 |
1:1 |
126,000 |
| 312,498 |
3 |
2.36 |
937,494 |
48.43 |
312,498 |
1:1 |
937,494 |
| 437,490 |
1 |
0.79 |
437,490 |
22.60 |
437,490 |
1:1 |
437,490 |
|
127 |
100 |
1935630 |
100 |
|
|
1935630 |
Unsubscribed portion of 15,524,370 Equity shares spilled over to QIB Category.
C. Allotment to QIBs (After Technical Rejections)
Allotment to QlBs. who have bid at the Offer Price of Rs 800 per Equity Share or above,
has been done on a proportionate basis in consultation with the BSE This category has been
subscribed to the extent of 1.1499 times, The total number of ed Equity Shares allotted in
the QIB category is 113,338,596 Equity Shares, which were allotted to 49 successful
Applicants. The category-wise details of the Basis of Allotment are as under:
| CATEGORY |
FIS/BANKS |
MF'S |
IC'S |
BODIES CORPORATE |
AIF |
FIl |
FPI |
TOTAL |
| ALLOTMENT |
17,998,778 |
2,835,270 |
90,900,982 |
541,688 |
- |
- |
1,061,878 |
113,338,596 |
Unsubscribed QIB MF reserved portion of 2,831,659 Equity shares spilled over to Other
QIB Category,
D. Allotment to Eligible Employee under Employee reservation (After Technical
Rejections)
The Basis of Allotment to the Eligible Employees under Employee reservation portion, who
have bid at cut-off or at the Offer Price of Rs 800 per Equity Share (less discount of Rs
30), was finalized in consultation with the BSE. This category has been subscribed to the
externt of 0.1820 times. The total number of Equity Shares Allottad in Employee category
is 655,344 Equity Shares to 7,303 successful applicants.
The category-wise details of the Basis of Allotment are as under:
| Category |
No. of
Applications
Received |
% of
Total |
Total No. of
Equity Shares
applied |
% to
Total |
No. of Equity
Shares Allotted
per Applicant |
Ratio |
Total No. of
Equity Shares
Allotted |
| 18 |
2195 |
30.06 |
39,510 |
6.03 |
18 |
1:1 |
39,510 |
| 36 |
1229 |
16.83 |
44,244 |
6.75 |
35 |
1:1 |
44,244 |
| 54 |
754 |
10.32 |
40,716 |
6.21 |
54 |
1:1 |
40,716 |
| 72 |
651 |
8.91 |
46,872 |
7.15 |
72 |
1:1 |
46,872 |
| 90 |
350 |
4.79 |
31,500 |
4.81 |
90 |
1:1 |
31,500 |
| 108 |
301 |
4.12 |
32,508 |
4.96 |
108 |
1:1 |
32,508 |
| 126 |
451 |
6.18 |
56,826 |
8.67 |
126 |
1:1 |
56,826 |
| 144 |
229 |
3.14 |
32,976 |
5.03 |
144 |
1:1 |
32,976 |
| 162 |
46 |
0.63 |
7,452 |
1.14 |
162 |
1:1 |
7,452 |
| 180 |
109 |
1.49 |
19,620 |
2.99 |
180 |
1:1 |
19,620 |
| 198 |
88 |
1.20 |
17,424 |
2.66 |
198 |
1:1 |
17,424 |
| 216 |
54 |
0.74 |
11,664 |
1.78 |
216 |
1:1 |
11,664 |
| 234 |
57 |
0.78 |
13,338 |
2.04 |
234 |
1:1 |
13,338 |
| 252 |
486 |
6.65 |
122,472 |
18.69 |
252 |
1:1 |
122,472 |
| 270 |
61 |
0.84 |
16,470 |
2.51 |
270 |
1:1 |
16,470 |
| 288 |
10 |
0.14 |
2,880 |
0.44 |
288 |
1:1 |
2,880 |
| 306 |
5 |
0.07 |
1,530 |
0.23 |
306 |
1:1 |
1,530 |
| 324 |
22 |
0.30 |
7,128 |
1.09 |
324 |
1:1 |
7,128 |
| 342 |
4 |
0.5 |
1,368 |
0.21 |
342 |
1:1 |
1,368 |
| 360 |
11 |
0.15 |
3,960 |
0.60 |
360 |
1:1 |
3,960 |
| 378 |
31 |
0.42 |
11,718 |
1.79 |
378 |
1:1 |
11,718 |
| 396 |
11 |
0.15 |
4,356 |
0.66 |
396 |
1:1 |
4,356 |
| 414 |
4 |
0.05 |
1,656 |
0.25 |
414 |
1:1 |
1,656 |
| 432 |
2 |
0.03 |
864 |
0.13 |
432 |
1:1 |
864 |
| 450 |
7 |
0.10 |
3,150 |
0.48 |
450 |
1:1 |
3,150 |
| 468 |
2 |
0.03 |
936 |
0.14 |
468 |
1:1 |
936 |
| 486 |
4 |
0.05 |
1,944 |
0.30 |
486 |
1:1 |
1,944 |
| 504 |
12 |
0.16 |
6,048 |
0.92 |
504 |
1:1 |
6,048 |
| 522 |
3 |
0.04 |
1,566 |
0.24 |
522 |
1:1 |
1,566 |
| 540 |
4 |
0.05 |
2,160 |
0.33 |
540 |
1:1 |
2,160 |
| 576 |
2 |
0.03 |
1,152 |
0.18 |
576 |
1:1 |
1,152 |
| 594 |
1 |
0.01 |
594 |
0.09 |
594 |
1:1 |
594 |
| 612 |
13 |
0.18 |
7,956 |
1.21 |
612 |
1:1 |
7,956 |
| 630 |
7 |
0.10 |
4,410 |
0.67 |
630 |
1:1 |
4,410 |
| 648 |
87 |
1.19 |
56,376 |
8.60 |
648 |
1:1 |
56,376 |
|
7303 |
100.00 |
655,344 |
100,00 |
|
|
655,344 |
Unsubscribed portion of 2,944,656 Equity shares spilled over to QIB Category.
The Board of Directors of our Company at its meeting held on November 9, 2017 has taken on
record the basis of allotment of Equity Shares approved by the Designated Stock Exchange,
being BSE and has allotted the Equity Shares to various successful applicants. The
Allotment Advice Cum Refund Intimation are being dispatched to the address of the
investors as registered with the depositories. Further, instruction to the SCSBs have been
dispatched/mailed for unblocking of funds and transfer to the Public Offer Account on or
before November 9,2017. In case the same is not received within ten days, Investore may
contact the Registrar to the Offer at the address given below. The Refund Advices have
been over-printed with the bank account details as registered, if any. with the
depositories. The Equity Shares allotted to the successful allottees have been uploaded on
or before November.9 2017 for credit into the respective beneficiary accounts subject to
validation of the account details with the depositories concerned. The Company is in the
process of filing the listing application with BSE and NSE on or before November 10.2017.
Our Company is taking steps to get the Equity Shares admitted for trading on the BSE and
NSE within 6 working days of the closure of the Offer.
Note: All capitalized terms used and not defined herein shall have the respects
meanings assigned to them in the Prospectus.
INVESTORS PLEASE NOTE
These details of the Allotment made shall be hosted on the website of Registrar to
the Offer Link Intime India Private Limited at www.linkintime.co.in
All future correspondence in this regard may kindly be addressed to the Registrar to the
Offer quoting full name of the First/ Sole applicant. Serial number of the ASBA form,
number of Equity Shares bid for. name of the Member of the Syndicate, place where the bid
was submitted and payment details at the address given below:
Link Intime India Private Limited
C-101,1st Floor, 247 Park, Lal Bhadur Shastri Marg, vikhroli (West), Mumbai 400083
Maharashtra, India. Tel; +91 22 4918 6200; Fax; +91 22
4918 6195
E-mail; nia.ipo@linkintime.co.in; Investor grievance e-mail: nia.ipo@linkintime.co.in
Website; www.linkintime.co.in;
Contact person; Ms.Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
Place : Mumbai
Date : November 10, 2017 |
For THE NEW INDIA ASSURANCE COMPANY LIMITED
On behalf of the Board of Directors
Sd/-
Company Secretary & Chief Compliance Officer |
|
Zerodha (Trading & Demat Account)
RHP
