New India Assurance (NIA) ipohas not able to give impact in grey market. Even NIA has PAT decreasing for last two years. The other fact is insurance companies are not doing well on listing that is why gmp is not up to the mark for this ipo. The price band seems to be on a higher side as well. Lets see how subscribers look at this stock with few discount is there to attract them. Check New India Assurance (NIA) ipo gmp by day to day.
New India Assurance (NIA) IPO Subscription: (Fully Subscribed)
| Day | QIB | NII | RII | EMP | Total |
| Day 1 | 2.13 | 0.02 | 0.02 | 0.03 | 1.04 |
| Day 2 | 2.16 | 0.04 | 0.05 | 0.09 | 1.07 |
| Day 3 | 2.34 | 0.11 | 0.11 | 0.20 | 1.20 |
New India Assurance (NIA) IPO Dates & Price Band: (Approx)
- IPO Open: 1-November-2017
- IPO Close: 3-November-2017
- IPO Size: Approx Rs. 10500 Crore (Approx)
- Face Value: Rs. 5 Per Equity Share
- Price Band: Rs. 770 to 800 Per Share
- Listing on: BSE & NSE
- Retail Portion: 35%
- Equity: 12,00,00,000 Shares
- Discount: Rs. 30 for Retailers & Employees
New India Assurance (NIA) IPO Market Lot:
- Shares: Apply for 18 Shares (Minimum Lot Size)
- Amount: Rs.14400 (For QIB & HNI)
- Amount: Rs.13860 (For Retailers & Employees)
New India Assurance (NIA) IPO Allotment & Listing:
- Basis of Allotment: 08-November-2017
- Refunds: 09-November-2017
- Credit to demat accounts: 10-November-2017
- Listing: 13-November-2017
