The New India Assurance Company IPO
The New India Assurance Company Limited (NIACL) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 13 November 2017.
Issue details
Listing day
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 5,82,00,000 | 13,59,66,888 | 2.34x | |
| NII (HNI) total | 1,74,60,000 | 20,30,004 | 0.12x | |
| Retail | 4,07,40,000 | 45,99,054 | 0.11x | |
| Employees | 36,00,000 | 7,39,962 | 0.21x | |
| Total | 12,00,00,000 | 14,33,35,908 | 1.19x |
Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 3% of all shares bid for were at the cut-off price.
After listing
| Time after listing | vs issue price ₹800 |
|---|---|
| 1 week | -16.5% |
| 1 month | -27.9% |
| 3 months | -2.0% |
| 6 months | -10.6% |
| 1 year | -44.2% |
NSE closing prices, adjusted for later splits and bonuses. How IPOs do after listing, in general.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to The New India Assurance Company's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| General Insurance Corporation Of IndiaOct 2017 | 2.25x | 0.22x | 0.63x | 1.38x | ₹19,892 Cr | -6.8% | -1.4% |
| ICICI Lombard General Insurance CompanySep 2017 | 8.17x | 0.83x | 1.23x | 2.98x | ₹5,701 Cr | -1.5% | +5.0% |
| Varun BeveragesOct 2016 | 4.94x | 0.42x | 0.82x | 1.86x | ₹1,112 Cr | -3.4% | +6.0% |
| HealthCare Global EnterprisesMar 2016 | 2.36x | 0.43x | 0.83x | 1.56x | ₹650 Cr | -3.6% | -2.8% |
| SBI Life Insurance CompanySep 2017 | 12.6x | 0.70x | 0.85x | 3.58x | ₹8,400 Cr | +5.0% | +5.7% |
| Indian Energy ExchangeOct 2017 | 2.56x | 0.85x | 2.61x | 2.28x | ₹1,426 Cr | -9.1% | +0.6% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Kotak Mahindra Capital Company | 83 | +20.8% | 76% |
| Axis Capital | 107 | +20.4% | 73% |
| Nomura Financial Advisory and Securities (India) | 27 | +16.0% | 56% |
| IDFC Bank | — | — | — |
| YES Securities (India) | 6 | +28.6% | 83% |
Offer documents (NSE)
Frequently asked
What is the The New India Assurance Company IPO price band and lot size? ₹770–800 per share, with a lot of 18 shares, so the smallest retail bid is ₹14,400.
How many times has it been subscribed? 1.19x overall: QIB 2.34x, NII 0.12x, retail 0.11x, employees 0.21x.
How did it list? It opened at ₹750, -6.2% against the issue price of ₹800, and closed its first day -9.1%.
