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| Your are on : Markets | IPO | IPO Synopsis | As on: Apr 24,2024 05:34 PM |
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| New India Assurance Company Ltd |
Registered Office:
New India Assurance Building,87 M G Road Fort,
Mumbai
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400001,
Maharashtra, India.
Phone :
91-22-22708263 Fax:91-22-22652811
Email : investors@newindia.co.in
Website : www.newindia.co.in
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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
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Issue
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Money Payable On
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Opens On
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Closes On
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Application
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Allotment
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01-Nov-17
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03-Nov-17
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800.00-0.00
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0.00-0.00
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Minimum Application for shares in Nos :
18
Further Multiples of :
18
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(Rs)
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Lead Managers to the Issue
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Project Cost
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0.00
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Axis Capital Ltd
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Project Financed through Current Offer
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9466.98
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Post Issue Equity Share Capital
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0.00
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Issue Price
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800.00
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Projects
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No Data Available
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Promoted By
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The President of India
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Registrar to the Issue
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No Data Available
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