247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

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

The New India Assurance Company Limited is an Insurance based company, located in Mumbai, The New India Assurance Company Limited IPO size was 9600.00 Cr. and was issued at 800.00 per share. The share of The New India Assurance Company Limited were listed at 725.05 per share and are currently trading at 187.58 per share.

Type :
Sub Sector : General Insurance Company
MainBoard IPO

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
2405.72 Cr.

PAT :
1997.64 Cr.

Pricing Report

Issue Price :
800.00

Listing Price :
725.05

Current Market Price :
187.58

Issue Price vs CMP :
612.42 (76.55%)

listing Price vs CMP :
537.47 (74.13%)

Performance Report (CAGR* wise)

CAGR : -18.26
-ve 0 6 9 12+
Below Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

About The New India Assurance Company

Company Information
The New India Assurance Company Limited is the largest general insurance provider in India in terms of net worth, domestic gross direct premium, profit after tax, and number of branches as of the fiscal year ended March 31, 2017, according to the CRISIL Report. With nearly a century of operation, the company maintained the largest market share of gross direct premium among general insurers in India in Fiscal 2017. As of March 31, 2017, it had issued 27.10 million policies across all product segments, the highest among all general insurance companies in India.
As of June 30, 2017, the company had expanded its operations across 29 states and seven Union Territories in India, and internationally in 28 countries through various branches, agency offices, and subsidiaries,
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Object of Issue
  • Company proposes to utilize the Net Proceeds towards meeting their future capital requirements which are expected to arise from the growth and expansion of their business, improving their solvency margin and consequently their solvency ratio
  • Offer for Sale

The New India Assurance Company MainBoard IPO Details (at the time of IPO)

IPO Type :
Book Building
IPO Date :
Nov, 2017
IPO Size :
9600.00 Cr.
IPO Subscription :
1.20 X     
PE Multiple :
32.00
Merchant Banker :
Axis Bank Limited
IPO Registrar:
Link Intime India Private Limited

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FAQs

The New India Assurance Company operates in Insurance and General Insurance Company. The Issue is listed on MainBoard in Nov, 2017. The New India Assurance Company IPO size was 9600.00 Cr. with Issue price of 800.00 .

Merchant Banker(s) of The New India Assurance Company IPO: Axis Bank Limited , Idfc Bank Limited , Kotak Mahindra Capital Company Limited , Nomura Financial Advisory And Securities (India) Private Limited

The New India Assurance Company IPO subscription was 1.20 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

The New India Assurance Company IPO listed at a listing price of 725.05 against the offer price of 800.00.

The current market price of The New India Assurance Company is 187.58.

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