New India Assurance Company (NIA) is the leading general insurance company in India Incorporated in 1919. As per CRISIL Report NIA is the largest company in terms of net worth, domestic gross direct premium, profit after tax and number of branches for the financial year ended March 2017. NIA offers insurance in different categories including fire insurance, marine insurance, motor insurance, crop insurance, health insurance and other insurance products.

New India Assurance has assets of over Rs69,000 crores and has been growing at a compounded annual growth rate (CAGR) of over 15% for the last five years. NIA’s insurance products can be broadly categorized into product verticals viz. motor insurance, fire insurance; marine insurance, crop insurance, health insurance and other insurance products. Except for crop insurance, NIA is the market leader in the general insurance industry in India across the segments.

In Financial year 2017, the company had the largest market share of domestic gross direct premium among general insurers in India. As of March 31, 2017, company had issued 27.10 million policies across all company product segments, the highest among all general insurance companies in India.

Key Strengths:

• Market leadership and established a brand for around 100 years.
• International operations since 1920. Presence in the UK with a desk at Lloyd‘s, London. Also
• have operations in Japan and Australia for over 50 years.
• Diversified product offering.
• It is also the only Indian general insurer with a sizeable international presence, as per CRISIL Report. It commenced international operations in 1920.
• It provides a comprehensive range of insurance products and has product innovation capability.
• It has robust IT infrastructure and financial position.
• It has an experienced senior management team

Company Promoters:

NIA promoter is the President of India, acting through the MoF.

The New India Assurance Company Limited IPO details

Issue Detail:

Issue Open: Nov 1, 2017 – Nov 3, 2017

Issue Type: Book Built Issue IPO

Issue Size: 120,000,000 Equity Shares of Rs 5 aggregating up to Rs 10,560.00 Cr

› Fresh Issue of 24,000,000 Equity Shares of Rs 5 aggregating up to Rs [.] Cr

› Offer for Sale of 96,000,000 Equity Shares of Rs 5 aggregating up to Rs [.] Cr

Face Value: Rs 5 Per Equity Share

Issue Price: Rs 770 – Rs 880 Per Equity Share

Market Lot: 18 Shares

Minimum Order Quantity: 18 Shares

Listing At: BSE, NSE

New India Assurance Company Grey Market Price, Rates, GMP Premium

Grey market premium as on 05-11-2017 Discount
Grey market premium as on 04-11-2017 Discount
Grey market premium as on 03-11-2017 Discount

New India Assurance Company Allotment Status:

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