State-owned general insurer New India Assurance Co. Ltd (NIA) is going to launch its IPO in the month of November 2017. The company has announced that it is going to raise money from the markets. The company plans to raise Rs. 9,600 crore. The initial public offering (IPO) of The New India Assurance Company Limited will open on 1st November 2017. The company has set a price band of Rs. 770- Rs. 800 per share. The IPO will close on 3rd November 2017.
Investors who want to know more about this IPO can check the below-given page which will provide them information about the DRHP, Date, Price, New India Allotment Status Link, Subscription, New India Assurance IPO Listing Date etc. So, investors need to check the information carefully to get all information.
The company will be valued at Rs. 64,392 – Rs. 67,940 crore at the current price band. The NIA is a state-owned or the Government company which will see a total stake dilution of 14.13%. The IPO includes a fresh issue of Rs. 1,920 crore. The government, in an offer for sale, plans to sell a total of 96000000 shares, which will fetch Rs. 7,680 crore at the upper end of the price band. Department of investment and public asset management (DIPAM) is selling government stake in NIA under the Union government’s divestment plan.
New India Assurance IPO
Grey Market Price, GMP Rates, Premium
|09 November 2017||Seller|
NIA IPO Daily Subscription Figures
|Category||SHARES OFFERED||01 November 2017||02 November 2017||03 November 2017|
Listing Day Figures (13th November 2017)
|NSE (NIACL)||BSE (540769)|
|IPO Price||Rs. 800||Rs. 800|
|Open||Rs. 750||Rs. 748.90|
|High||Rs. 750||Rs. 749|
|Low||Rs. 717.40||Rs. 717.75|
|Close||Rs. 727.10||Rs. 725.05|
|Difference||Down Rs. 72.90 (-9.11%)||Down Rs. 74.95 (-9.37%)|