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  • New India Assurance Company Limited IPO: Important things you should know

New India Assurance Company Limited IPO: Important things you should know

  • Posted by Trading Campus
  • Date October 30, 2017
  • Comments 30 comments
New India Assurance Company Limited IPO review, GMP, allotment price, grey market

New India Assurance IPO is set to open for subscription on November 1, with a price band of Rs 770-800 per share.

The New India Assurance Company Limited is the oldest and largest general insurance company in India. The company was nationalized by the Government of India on January 1, 1974. The President of India, acting through the MoF is the promoter of the company and holds 100% of the pre-Offer paid-up Equity Share capital of the company.

New India Assurance IPO Details:

  • Issue Open: Nov 1, 2017 – Nov 3, 2017
  • Issue Type: Book Built Issue IPO
  • Issue Size: 120,000,000 Equity Shares of Rs 5 aggregating up to Rs 9,600.00 Cr
    ›  Fresh Issue of 24,000,000 Equity Shares of Rs 5 aggregating up to Rs [.] Cr
    ›  Offer for Sale of 96,000,000 Equity Shares of Rs 5 aggregating up to Rs [.] Cr
  • Face Value: Rs 5 Per Equity Share
  • Issue Price: Rs 770 – Rs 800 Per Equity Share
  • Market Lot: 18 Shares
  • Minimum Order Quantity: 18 Shares
  • Listing At: BSE, NSE

The net proceeds from fresh share issue would be utilised for :-

  • Branch Expansion and IT system upgrade (Rs 78.96 crore);
  • Advertising, marketing and brand building activities (Rs 72.09 crore);
  • Investing towards continuing interest in new mutual fund schemes managed by the company (Rs 100 crore);
  • Funding inorganic growth and other strategic initiatives (Rs 165 crore)

Strengths of company
1. Market leadership and Diversified product offering.
2. Strong customer relationship & Pan indiamulti-channel distribution network

New India Assurance IPO review

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Company Summary

Bajaj Electricals Limited is engaged in engineering and projects; power distribution, illumination and consumer durables businesses.

It has a range of domestic and kitchen appliances comprising water heaters, room heaters, coolers, irons, mixers, induction cookers, toasters, kettles, microwave, rice cookers, gas stoves, non-electrical kitchen aids and pressure cookers.

It offers ceiling, table, pedestal, wall, fresh air and industrial fans, and lighting solutions, such as light sources, light emitting diode-based lighting products, domestic luminaires, torches and lanterns.

Key Highlights of Company Business

Segments and Products

The Company's business segments consist of

  1. Lighting;
  2. Consumer Durables;
  3. Engineering & Projects,

The Lighting segment includes lamps, tubes and luminaries.

The Consumer Durables segment includes appliances and fans.

The Engineering & Projects segment includes transmission line towers, telecommunications towers, highmast, poles and special projects.

The Others segment includes diecasting and wind energy.

Financial Performance

Financial Ratios

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