The IPO consists of up to 120,000, 000 equity shares.
Bid /offer Date – November 01,2017 and closing Date – November 03,2017.
IPO consists of fresh issue of up to 24,000 000 Equity shares.
Offer for sale of up to 96,000,000 equity shares by the president of india , acting through the MoF, GOI.
The offer includes a reservation of up to 3,600,000 equity shares for subscription by eligible Employees.
The minimum bid lot is 18 equity shares and in multiple of 18 shares thereafter.
The New India Assurance Co.Ltd public offer to open Wed,Nov 01 2017.with Price Band of Rs 770 to Rs 800 per equity share each of face value of Rs 5/- each .
Leader in general insurance with market share of 15℅ and it’s forte is Motor with 38℅ and health, fire,Crops with sturdy fiscal management and is the dearer to its clients.