ISSUE
Friday, October 3, 2025
Volume 16 . Issue 79
The Indian state-run New India Assurance Company's INR 9,600-crore initial public offer is set to open soon for subscription later today, November 1, with a price band of Rs 770-800 per share.
India’s state-owned general insurer New India Assurance Co. Ltd (Ltd) has announced on Wednesday, October 25, to launch an initial public offering (IPO) on November 1.
NIA has hired Kotak Mahindra Capital Co. Ltd, Axis Capital Ltd, IDFC Bank Ltd, Nomura Financial Advisory and Securities (India) Pvt. Ltd and YES Securities (India) Ltd to manage the public offering.
NIA is the second public sector general insurer after General Insurance Corporation (GIC) to tap capital market after the Indian government had given a go ahead at the beginning of this year to list all five general insurance companies in the capital market.
The NIA IPO, scheduled to be launched on November 1, and available till November 3, is fixed at a price band of INR 770 – INR 800 and would amount to a total of INR 9600.
This will be the second largest this year after General Insurance Corp. of India Ltd’s INR 11,372 crore IPO.
There is a discount of INR 30 for retail investors and the employees of the company.
NIA is a 98-year-old company incorporated in 1919, which offers insurance products in key business verticals such as fire insurance, marine insurance, motor insurance, crop insurance and health insurance.
The company is aiming to use the collection from the fresh issue for increasing its capital base to support business growth and expansion.
This year three two other Life insurers - SBI Life Insurance Co. Ltd and ICICI Lombard - also went public.
The Indian state-run New India Assurance Company's INR 9,600-crore initial public offer is set to open soon for subscription later today, November 1, with a price band of Rs 770-800 per share.
India’s state-owned general insurer New India Assurance Co. Ltd (Ltd) has announced on Wednesday, October...
The Indian state-run New India Assurance Company's INR 9,600-crore initial public offer is set to open soon for subscription later today, November 1, with a price band of Rs 770-800 per share.
India’s state-owned general insurer New India Assurance Co. Ltd (Ltd) has announced on Wednesday, October 25, to launch an initial public offering (IPO) on November 1.
NIA has hired Kotak Mahindra Capital Co. Ltd, Axis Capital Ltd, IDFC Bank Ltd, Nomura Financial Advisory and Securities (India) Pvt. Ltd and YES Securities (India) Ltd to manage the public offering.
NIA is the second public sector general insurer after General Insurance Corporation (GIC) to tap capital market after the Indian government had given a go ahead at the beginning of this year to list all five general insurance companies in the capital market.
The NIA IPO, scheduled to be launched on November 1, and available till November 3, is fixed at a price band of INR 770 – INR 800 and would amount to a total of INR 9600.
This will be the second largest this year after General Insurance Corp. of India Ltd’s INR 11,372 crore IPO.
There is a discount of INR 30 for retail investors and the employees of the company.
NIA is a 98-year-old company incorporated in 1919, which offers insurance products in key business verticals such as fire insurance, marine insurance, motor insurance, crop insurance and health insurance.
The company is aiming to use the collection from the fresh issue for increasing its capital base to support business growth and expansion.
This year three two other Life insurers - SBI Life Insurance Co. Ltd and ICICI Lombard - also went public.
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