Good news for the investors looking for the IPO allotment status of New India Assurance. The allotment of shares is done now and it can be seen online at the registrar’s website. The IPO was open for the subscription in November 2017. The allotment and the listing will be done in the same month. As we all know The New India Assurance Co. Ltd (NIA) is the oldest and largest general insurance company in India. The investors are elated. Last month, the IPO of General Insurance Corporation of India (GIC Re) was rolled out. But Shares of GIC Re made a tepid debut on stock markets. Now is the turn for the New India Assurance Co. Ltd. Let us see how this IPO performs on the market. Does it satisfy the expectations of the investors? It will be very interesting. Let us hope for the best.
New India IPO Allotment Status Online
The allotment status of New India IPO will be available for the investors online. Investors are aware that the company wants to raise Rs. 9,600 crore from the market. This is the second largest IPO this year after General Insurance Corp. of India Ltd’s Rs. 11,372 crore IPO. The NIA has set a price band of Rs. 770- Rs. 800 per equity share for the IPO, which values the company at Rs. 64,392- Rs. 67,940 crore. The IPO was open for the subscription from 01st November 2017 to 03rd November 2017. The IPO of New India Assurance will see a total stake dilution of 14.13%.
NIA IPO Allotment
Here are some important details about The New India Assurance Company Limited IPO.
- Company Name: The New India Assurance Company Limited / New India Assurance Co. Ltd (NIA)
- IPO Open Date: 01st November 2017
- IPO Close Date: 03rd November 2017
- IPO Allotment Date: 08th November 2017
- IPO Price Band: Rs. 770 – Rs. 800 Per Equity Share
- IPO Registrar: Link Intime India Private Ltd
- Email: [email protected]
- Website: www.linkintime.co.in
IPO Allotment of The New India Assurance Co. Ltd (NIA)
Investors should note down that they can only see the IPO Allotment Status of NIA at the official website of the registrar. The registrar to the issue is Link Intime India Private Ltd. It is expected that the Link Intime India Private Ltd will declare the IPO allotment of New India on or around 08th November 2017. The shares will be credited a day after the allotment. Investors should check the website for allotment on this date. Investors should also bookmark NIA Allotment Page to avoid any troubles. This page will be updated on a frequent basis with the latest news and information about the New India IPO. (Link Intime IPO Status.)