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20 February 2018

IPO Synopsis

New India Assurance Company Ltd
Registered Office: New India Assurance Building,87 M G Road Fort , Mumbai - 400001 , Maharashtra , India.
Phone : 91-22-22708263   Fax:91-22-22652811
Email :  
Website :
Initial public offering of 120,000,000* equity shares of face value of (Rs)5 each ("equity shares") of the New India Assurance Company Limited ("issuer" or "company") for cash at a price of (Rs)800* per equity share including a share premium of (Rs)795 per equity share ("offer price"), Aggregating to (Rs)9466.98 Crores consisting of a fresh issue of 24,000,000* equity shares aggregating to (Rs)1893.40 Crores ("fresh issue") and an Offer for sale of 96,000,000^ equity shares aggregating to (Rs)7573.58 Crores ("offer for sale" and together with the fresh issue, the "offer") by the President of India, acting through the ministry of finance, government of india (the "selling shareholder"). The offer and the net offer Constituted 14.56% and 14.13%, respectively of the post-offer paid-up equity share capital of the company. The offer included a reservation of 3,600,000^ equity shares aggregating to (Rs)277.20 Crores for subscription by eligible employees (as defined in "definitions and abbreviations") (the "employee reservation portion"). The offer comprises the net offer (defined below) of 116,400,000^ equity Shares and the employee reservation portion of 3,600,000^ equity shares. The face value of equity shares is (Rs)5 each and the offer price is 160 times the face value of the equity shares. *a discount of (Rs)30 on the offer price was offered to retail individual investors ("retail discount") and to eligible employees (defined below) bidding in the employee reservation portion ("employee discount"). ^ subject to finalisation of the basis of allotment

Issue Money Payable On
Opens On Closes On Application Allotment
01-Nov-17 03-Nov-17 (Rs)800.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :18  Further Multiples of :18

  (Rs Cr) Lead Managers to the Issue
Project Cost 0.00
Axis Capital Ltd
Project Financed through Current Offer 9466.98  
Post Issue Equity Share Capital 0.00  
Issue Price (Rs)800.00  
No Data Found.
Promoted By
The President of India  
Listing At
Registrar to the Issue
Link Intime India Pvt Ltd 
Toll Free number: 1800-425-5501 / 1800-103-5501