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New India Assurance IPO Subscription Details (Live Status)

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 Subscription Status Live

New India Assurance IPO subscribed 1.20 times. The public issue subscribed 0.11 times in the retail category, 2.34 times in QIB, and 0.11 times in the NII category by Nov 3, 2017.

Investor CategorySubscription (times)
Qualified Institutions2.34
Non-Institutional Buyers0.11
Retail Investors0.11
Employees0.20
Others[.]
Total1.20

New India Assurance IPO Subscription Details (times)

DateQIBNIIRetailEMPTotal

Day 1
Nov 1, 2017

2.13

0.02

0.02

0.03

1.04

Day 2
Nov 2, 2017

2.16

0.04

0.05

0.08

1.07

Day 3
Nov 3, 2017

2.34

0.11

0.11

0.20

1.20


New India Assurance IPO Shares Offered

New India Assurance IPO is a public issue of 120,000,000 equity shares. The issue offers 40,740,000 shares to retail investors, 58,200,000 shares to qualified institutional buyers, and 17,460,000 shares to non-institutional investors.

CategoryShares Offered%
QIB58,200,00048.50%
NII17,460,00014.55%
Retail40,740,00033.95%
Employee3,600,0003.00%
Total120,000,000100%

IPO Investor Categories

  • Qualified Institutional Buyers (QIB)

    Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.

  • Non-Institutional Investors(NII)

    Individual investors, NRIs, companies, trusts, etc who bid for more than Rs 2 lakhs are known as Non-institutional bidders or NII. They need not register with SEBI like QIIs.

  • Retail Individual Investors(RII)

    The retail individual investor or NRIs who apply up to Rs 2,00,000 in an IPO are considered as RII reserved category.

  • Employee (EMP)

    A category of eligible employees who have a reserved quota in the IPO.

  • Others

    A category of eligible shareholders or other investors who have a reserved quota in the IPO.

New India Assurance IPO Subscription FAQs

The New India Assurance IPO is subscribed 1.20 by Nov 3, 2017.

New India Assurance IPO Subscription

Investor CategorySubscription (times)
Qualified Institutional2.34
Non Institutional0.11
Retail Individual0.11
Employee Reservations0.20
Others[.]
Total Subscription1.20

Retail category of New India Assurance IPO subscribed 0.11 times as of date Nov 3, 2017. The public issue closes on Nov 3, 2017 for bidding.

An investor can apply in New India Assurance IPO online via bank (using ASBA) or the broker (using UPI). The New India Assurance IPO shares are offered online only.

The New India Assurance IPO is subscribed 1.20 by Nov 3, 2017.

The New India Assurance IPO allotment status is expected on or around Nov 8, 2017. Visit New India Assurance IPO allotment status to check.

The New India Assurance IPO listing date is Monday, November 13, 2017. The equity share of The New India Assurance Company Limited will list on BSE, NSE.

Visit New India Assurance IPO subscription status page for real-time bidding information about New India Assurance IPO.

New India Assurance IPO Timetable

IPO Opens OnNov 1, 2017
IPO Closes OnNov 3, 2017
Finalisation of Basis of AllotmentNov 8, 2017
Initiation of RefundsNov 9, 2017
Credit of Shares to Demat AccountNov 10, 2017
IPO Listing DateNov 13, 2017