New India Assurance Company Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
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
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Any significant variation between actual claim payments from the assumptions and estimates used in the pricing of, and setting reserves for, its various insurance products, may have a material adverse effect on its business, financial condition and results of operations.
- Any termination or adverse change in its relationship or arrangements with its agents, brokers, bancassurance partners or other distribution intermediaries, or a decline in their productivity, may have a material adverse effect on its business, financial condition and results of operations.
- Company may not be able to sustain its historical growth rates or successfully implement its business strategies.
- Company, Directors, Subsidiaries and Group Companies are involved in certain legal and other proceedings.
- Company is subject to a comprehensive and evolving regulatory framework in a regulated industry that affects the flexibility of its operations and increases compliance costs.