The New India Assurance Company Limited IPO Message Board (Page 10)

Septa ji , what''s ur view on hdfc life IPO ? Should we apply for listing gain ?

Today is last day. But mostly I will avoid this issue. will wait for HDFC.

This issue should be avoided due to high valuations. It is better wait for HDFC life, which is coming next week in same insurance sector.

GMP is in negative only seller

what is negative GMP? Shall i have to give money to the buyer while selling the application forms?

Though NIA and GIC are different. but the pattern is same (Huge issue size+ higher issue price+ low subcription figures) . dont loose your money here. LIC will save the issue go through, will not save retailers.

can i get discount of 30 rs if i bid at 770(lower price band) and if discount comes is it avilable at 740 rs????
please feedback

It depends on what price they decide. If 740 then you will get (with discount at 710) but if above 740 then you will not get. Mostly price might be set higher since issue is already oversubscribed even thought retail and nii may not get fully subscribed.

Discount is applied on discovered price, in ipo''s rare chances that discovered prices less than cut off price.

On listing day New India will be available at 600 to 550 good level for long term retail investor.

@KING VINOD
What you do you in new India Assurance company Limited IPO?

*NEW INDIA ASSURANCE*
2ND DAY SUBS.FIGURE AT 04:10 P.M.
QIB 2.13X
NII 0.04X
RII 0.05X
EMP 0.00X
TOTAL 1.06X

Total No.of FORMS : 56289
*Apps Wise : 0.02X*

Check your data....I think it''s not correct

Not a single application from the employees

Qualified Institutional Buyers(QIBs)* 2.13
Non Institutional Investors 0.03
Retail Individual Investors(RIIs) 0.04
Employee Reserved 0
Total 1.05

@ Anarchist - Either that or they know LIC will take Employee quota as well at higher price band without discount and hence they are getting more money for the company by not applying.

@anarchist
why don''t you start a carrier as a writer???
Really your all posts are out of this world.

Employees in any PSU IPO participate thro paper applications and as usual uploading takes time. Market rumour is this scrip will do well in the days to come.

Day 2 Subscription
===============

Qualified Institutional Buyers (QIB) ------------------- 2.16x
Non Institutional Investors (NII) -------------------------- 0.04x
Retail Individual Investors(RII) --------------------------- 0.05x
Employee Reserved (EMP) ------------------------------- 0.08x

Total -------------------------------------------------------------- 1.07x

No.of Applications (Approx) ---------------------------- 60564

Applicationwise (Approx) ----------------------------------- 0.03x

lucky 3% RIIs...

Plz don''t invest in this IPO. Don''t loose your hard earned money...

Even if this lists in premium, so what? Rii better off by not participating avoiding risk.

now I know why Link Intime is the registrar to this issue.. Karvy must have refused to allot shares to those (retail investors) who aren''t capable of understanding the secret worth of this company and discuss sell on listing strategies
gawd! it must be so exciting to hit that ''apply'' button...Those who do, don''t forget to capture the historic moment..i mean take a selfie...

Sale picked up well and mostly manual forms. Need to wait for uploading to touch. Response looks positive as of now.

you seems very enthusiastic for this ipo from starting....UN-necessarily creating rumors...
why to subscribe this ipo when deifnitely will be available at lower price after listing....or do you think it won''t trade below listing price...?
See the GIC price trend.....there also similar kind of subscription and here even less subscription from retails and its employees....

Of course this insurance companies (GiC, NIA, National) & PSU viz SBI, UTI MF, SBI MF & if not then govt will lauch ETF.

They are fooling in name of disinvestment.

Qualified Institutional Buyers(QIBs)*      2.13
Non Institutional Investors      0.03
Retail Individual Investors(RIIs)      0.04
Employee Reserved      0
Total      1.05


Bad response

Very correct Atul

Currently LIC is investing in these government insurance company''s IPO. Who will invest in LIC if it comes with IPO in the future?