The New India Assurance Company Limited IPO Message Board (Page 12)

Be carefull investors..
Lic ke alawa aur koi nahi hai is ipo me shares lene wala ..gic se bhi jyada bura haal hone wala hai iska..

correct

LIC has but one huge bid in QIB section ...retail b caution

actually they should allow LIC to bid as NII and RETAIL too. L would apply as QIB ..I as NII and ''C'' <---- with most Cs...I mean chhote investors.. :D

Applied 12 lot....not for traders...it''s a long term buy

You can buy 13 lots with same amount of money on listing day.

If he could wait for few days even at discount too!!

Day - 1 Subscription
===============

Qualified Institutional Buyers (QIB) ------------------ 2.13x
Non Institutional Investors (NII) ----------------------- 0.02x
Retail Individual Investors(RII) ------------------------ 0.02x
Employee Reserved (EMP) --------------------------- 0.03x

Total ------------------------------------------------------- 1.04x

No.of Applications (Approx) -------- 21860

Applicationwise (Approx) --------------- 0.01x

kon he QIB kaha se aate ye QIB
LIC policy karne se bhi darr lagta he kab company dub jaae

LIC has but one huge bid in QIB section ..

Considering overall sentiment, one can avoid applying this IPO. Even after retail discount, chances are very very less one can get listing gain.

If you wan to invest in this company for long term, better to get at cheaper or stable price (Once it get bottomed out) after listing. As can not be sure about listing price for now at least.

IMO, ICICI Lombard is better bet than NIA for long term perspective.

My name is LIC. Please apply this ipo else i would apply in all category and will make loss on your behalf.

i apply 12 lots

Avoid New India Assurance

New India Assurance Company Ltd IPO:-
Subscription figures on day 1
(BSE+NSE) @3pm
QIB - 2X
Others negligible.....
......
Total - just going to be fully subscribed (only by QIB and mainly LIC-like a black hole- kitne hi anaap shanap share kharid/hajam leta hai khud ko nahi pata hoga, although a big big gainer in indian stock market and earning more than 15-20K cores every year)

I will wait for last day last moment to decide whether to apply or not and how much 1 lot or 2 lakh........

*NEW INDIA ASSURANCE*
1ST DAY SUBS.FIGURE AT 12:25 P.M.
QIB 1.79X
NII 0.00X
RII 0.01X
EMP 0.00X
TOTAL 0.74X

Total No.of FORMS : 7133
*Apps Wise : 0.00X*

surprised to see 1% subscription from retail so early....seems people have too much risk appetite....

Gmp started -22 -24

No FII no MUTUAL FUNDS contribution......only INDIAN DOMESTIC FINANCIAL INSTITUTIONS..........1.79X

avoid avoid avoid...

aala re aala LIC phir se aala

Qib 1.74 x

*NEW INDIA ASSURANCE*
1ST DAY SUBS.FIGURE AT 11:38 A.M.
QIB 1.53X
NII 0.00X
RII 0.00X
TOTAL 0.74X

Total No.of FORMS : 5418
*Apps Wise : 0.00X*

Again the same thing happening like GIC a single bid of approx 6.6K equivalent to 1.42X of QIB prabably LIC. is it good sign.......

Patel Sir, do your really need an answer to that :D

The way they treated GIC, retail will stay away from NIA, no matter what. Same case will be with NII. This may be a huge fiasco :D

LIC again ha ha ha ha ha ha ha ha ha ha

Welcome back Septa Sir.. didnt visit this site from few days due to being busy with my office work. Below is excerpt from Equity matter view on this IPO. Im avoiding this over valued IPO considering below and Gamble view of meagre listing gains. Risk reward ratio is not favourable. Even government is not leaving any listing gains. Lets avoid all these over valued IPOs.

NIAC is the market leader in the general insurance industry and has been in operation for close to a century. But the company has not been able to utilise its moat optimally with rising competition from private sector players further denting its profitability. NIAC''s combined ratio, though better than public sector peers, is far higher as compared to private sector players.

The combined ratio (ratio of claim loss and management expenses to net premiums) of 120% means that the company is barely breaking even in the core insurance business. The number may certainly seem better than its public-sector peers, but the fact remains that its profitability depends heavily on the investment returns.

As a matter of fact, NIAC''s operating loss from the core insurance business has widened from Rs 321 m in FY13 to Rs 9 billion in FY17. Resultantly, the company''s net profits have declined from Rs 9.2 billion in FY13 to Rs 8.4 billion in FY17. The return on equity has fallen from 10.2% to 6.8% over the same period and is the lowest among private sector players.

In other words, NIAC''s financial performance in core insurance business is not optimal and continues to remain below par as compared to private sector players.

Now coming to valuations...

At the upper end of the price band of Rs 800, New India Assurance is valued at 78 times its FY17 earnings. This is higher than the PE of 38.5 times commanded by the NBFC sector. Based on its book value as on 30th June 2017, the stock is valued at 4.3 times which is quite expensive considering that the core underwriting losses have widened in last five years.

Thus, NIAC''s costly valuations do not provide adequate margin of safety. Therefore, we recommend subscribers to consider AVOIDING the IPO.

AGREE WITH 155.PAVAN ANALYSIS. COMBINED RATIO FORLAST 5YEARS CAN BE AVALABLE FOR DIISSION MAKING

Retail investors, avoid all these high priced IPOs. Primary market is no more lucrative except very few reasonably priced IPOs.

again LIC play the same game, Ha ha ha

Just wait for name announcements!!
Lic shouldn''t.