The New India Assurance Company Limited IPO

Apply 0
Avoid 0

The New India Assurance Co. Ltd (NIA) is the oldest (in operation for almost a century) and largest general insurance company in India. The company was nationalized by the GoI on January 1, 1974. The President of India, acting through the MoF is the promoter of the company and holds 100% of the pre-Offer paid-up Equity Share capital of the company.
NIA offers insurance in categories including fire insurance; marine insurance, motor insurance, crop insurance, health insurance and other insurance products.
NIA is the market leadership in the general insurance industry in India across the segments except crop insurance.
Company has built an multi-channel distribution network that includes individual and corporate agents, brokers, bankassurance partners and other intermediaries, as well as direct sales and sales through online channels. Company’s distribution network includes 68,389 individual agents and 16 corporate agents, 25 banks, and a large number of OEM and automotive dealer.
New India Assurance is rated A-(Excellent) by AM Best Company since 2007 and have been rated AAA/Stable by CRISIL since 2014.
Competitive Strengths
1. Market leadership and established brand for around 100 years.
2. International operations since 1920. Presence in UK with a desk at Lloyd‘s, London. Also have operations in Japan and Australia for over 50 years.
3. Diversified product offering.
4. Strong relationship with reputed reinsurers.
5. Expansive multi-channel distribution network.
6. Robust IT infrastructure

The New India Assurance Company Limited IPO Stock Quote & Charts

184.45

-2.30%

Check History
  • Open: 188.80
  • High - Low: 189.45 - 183.05
  • Previous Close: 188.80
  • Total Traded Volume: 89022
  • Updated On: 22-Mar-2019

Objects of the The New India Assurance Company Limited IPO:

Fresh Issue Company proposes to utilize the Net Proceeds towards meeting our future capital requirements which are expected to arise from the growth and expansion of our business, improving our solvency margin and consequently our solvency ratio.
DRHP of The New India Assurance Company Limited IPO

The New India Assurance Company Limited IPO Details:

Open Date: Nov 01 2017
Close Date: Nov 03 2017
Total Shares: 120,000,000
Face Value: ₹ 5 Per Equity Share
Issue Type: Book Built Issue IPO
Issue Size: 9,600.00 Cr.
Lot Size: 18 Shares
Issue Price: ₹ 770-800 Per Equity Share
Listing At: NSE,BSE
Listing Date: Nov 13 2017

Promoters And Management:

President of India

Financials of The New India Assurance Company Limited IPO:

Summary of financial Information (Consolidated)
Particulars For the year/period ended (in Rs. million)
31-Mar-17 31-Mar-16 31-Mar-15
Total Assets 365,668.25 316,338.34 345,410.14
Total Revenue 205,536.23 176,727.27 157,110.83
Profit After Tax 8,398.60 9,303.54 13,773.23

Lead Manager of The New India Assurance Company Limited IPO:

  1. Axis Capital Limited
  2. IDFC Bank Limited
  3. Kotak Mahindra Capital Company Limited
  4. Nomura Financial Advisory And Securities (India) Private Limited
  5. YES Bank Limited

Registrar of The New India Assurance Company Limited IPO:

  1. Link Intime India Private Limited

Company Address:

The New India Assurance Company Limited 87, M.G. Road, Fort, Mumbai 400 001 Phone: +91 22 2270 8263 Fax: +91 22 2265 2811 Email: investors@newindia.co.in Website: www.newindia.co.in

Discussion on The New India Assurance Company Limited IPO:

*