When will I know if shares are allotted to me?

Allotment status is usually finalized a few days after the IPO closes. Once finalized, shares are either credited to your Demat account (if allotted) or the blocked funds are released back to your bank account.

Can I modify or cancel my IPO application?

Yes, you can modify or cancel your IPO application anytime before the IPO closing date. Changes can be made through your Alice Blue account, subject to exchange cut-off timings.

What happens if the IPO is oversubscribed?

If the IPO receives more applications than the number of shares available, it is considered oversubscribed. In such cases, allotment in the retail category is done on a proportionate or lottery basis, and not all applicants may receive shares.

New India Assurance Company Ltd

Complete IPO details, including price band, financials, subscription status, and key insights.

Participate in the New India Assurance Company Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.

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Financial Performance

Revenue, profit after tax and total assets across the last 3 reported financial years.

Consolidated figures

Revenue GrowthProfit After Tax (PAT)Total Assets

Revenue

+15.0%vs FY24

Amount in ₹ crore

60,000

40,000

20,000

43,285

43,541

49,758

FY24FY25FY26

Profit After Tax (PAT)

+26.5%vs FY24

Amount in ₹ crore

1,500

1,000

500

1,116

1,037

Total Assets

+2.7%vs FY24

Amount in ₹ crore

1,50,000

1,00,000

50,000

1,07,446

1,09,778

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.

StrengthsRisk Factors

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.

Frequently Asked Questions

What is the minimum investment required to apply for this IPO?

The minimum investment depends on the lot size and the upper price band of the issue. Investors must apply for at least one lot, and the total investment amount is calculated by multiplying the lot size by the upper price band.

How is IPO allotment decided?

IPO allotment is determined based on demand and SEBI guidelines. If the IPO is oversubscribed in the retail category, allotment is typically done through a computerized lottery system to ensure fair distribution among eligible applicants.

Financial Performance

Revenue, profit after tax and total assets across the last 3 reported financial years.

Consolidated figures

Revenue GrowthProfit After Tax (PAT)Total Assets

Revenue

+15.0%vs FY24

Amount in ₹ crore

60,000

40,000

20,000

43,285

43,541

49,758

FY24FY25FY26

Profit After Tax (PAT)

+26.5%vs FY24

Amount in ₹ crore

1,500

1,000

500

1,116

1,037

Total Assets

+2.7%vs FY24

Amount in ₹ crore

1,50,000

1,00,000

50,000

1,07,446

1,09,778

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:

*Subject to approvals and market conditions.

Strengths & Risks

Key competitive advantages and factors to consider before investing.

StrengthsRisk Factors

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.