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New India Assurance IPO Details

Issue Open Nov 1, 2017
Issue Close Nov 3, 2017
IPO Price ₹800
Face Value ₹5
IPO Size ₹9,600.00 Cr
Listing At BSE, NSE
IPO Lot Size 18

New India Assurance IPO Date & Price

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

New India Assurance IPO timetable / schedule is as below:
  • Bid/Offer Opens On: Nov 1, 2017
  • Bid/Offer Closes On: Nov 3, 2017
  • Finalization of Basis of Allotment: Nov 8, 2017
  • Initiation of refunds: Nov 9, 2017
  • Credit of Equity Shares: Nov 10, 2017
  • Listing Date: Nov 13, 2017

New India Assurance IPO price is set at ₹800 per equity share.

New India Assurance IPO will close for subscription at 5 PM on Nov 3, 2017. But most brokers stop accepting application between 1 PM to 3 PM.

The New India Assurance IPO starts on Nov 1, 2017. The issue ends on Nov 3, 2017.

New India Assurance IPO Issue Size and Subscription Status

The New India Assurance IPO size is 120000000 Equity Shares of ₹5 aggregating up to ₹9,600.00 Cr.

The New India Assurance Company Limited is selling its shares to the public through an Initial Public Offer (IPO). Retail investors can apply online for New India Assurance IPO shares through the banks (using ASBA) or through the broker (using UPI).

New India Assurance IPO Offer Size

Qualified Institutional Buyers (QIB)58,200,000 Shares
Non-Institutional Investors (NII)17,460,000 Shares
Retail Individual Investor (RII)40,740,000 Shares
Employee Reservations3,600,000 Shares
Other Reservations0 Shares
Total Issue Size120,000,000 Shares

New India Assurance IPO IPO Subscription Status

Qualified Institutional Buyers (QIB)2.34 times times
Non-Institutional Investors (NII)0.11 times times
Retail Individual Investor (RII)0.11 times times
Employee Reservations0.20 times times
Other Reservations times
Total Issue Size1.20 times times

Click here to check the New India Assurance IPO live subscription status.

If you have a demat account, most banks offer the online IPO application. You could also contact your broker to apply in New India Assurance IPO.

Zerodha, the largest stockbroker in India, offers an online IPO application. You can apply for an IPO online with Zerodha by visiting https://zerodha.com/ipo

You could check New India Assurance IPO Grey Market Premium (GMP Rate) by visiting our IPO Grey Market Price (Message Board). Note that there is no official source of GMP Rate as it's a black market.

New India Assurance IPO Allotment and Listing

The New India Assurance IPO allot status will be available online on Nov 8, 2017. Check the New India Assurance IPO Allotment Status here.

Click here to check New India Assurance IPO Allotment Status.

New India Assurance IPO listing Date is Nov 13, 2017. The regular trading starts at 10 AM on listing day.BSE and NSE allow a pre-open trading on listing day. This 45 minutes session starts at 9 AM and ends at 9:45 AM. This session allows buyers and sellers to place/ modify /cancel orders. The next 15 minutes are for price discovery and processing orders placed in the pre-open trading session. The New India Assurance IPO listing date and time is published by the exchange in a circular.

Click here to view the New India Assurance IPO Basis of Allotment.

It is hard to say at what price New India Assurance IPO Shares will list. The price varies by the demand and supply of IPO shares on the day of listing.

The New India Assurance IPO shares will list on Nov 13, 2017 at BSE, NSE.

New India Assurance IPO - Should I apply?

Visit our IPO Analysis and Recommendations page to view IPO Notes from experts.

Sorry, we do not provide IPO recommendations. But we share a lot of information about New India Assurance IPO which could help you with questions like New India Assurance IPO buy or not? You should also read New India Assurance IPO Analysis from experts and check the daily subscription status.

It actually depends on many factors. This includes company financials, segment outlook, market situation, issue pricing, the background of promoters, lead managers performance, company strengths, risks and oversubscription. You should read the prospectus document, IPO Analysis from experts and follow the subscriptions.

New India Assurance IPO listing day gains are highly unpredictable as depends on many factors on the day listing. It depends on factors like the demand (IPO oversubscription), the market situation on the day of listing, Issue size etc.

Visit our IPO Performance Tracker to check the New India Assurance IPO performance. The performance reports are available 1 day after listing.