The New India Assurance Company Limited IPO Message Board (Page 13)

*NEW INDIA ASSURANCE*
1ST DAY SUBS.FIGURE AT 10:25 A.M.
QIB 1.42X
NII 0.00X
RII 0.00X
TOTAL 0.69X

Total No.of FORMS : 185
*Apps Wise : 0.00X*

maybe 823,99,986 shares bid by LIC

QIB quota fully subscribed 1.42 times till 10.20am

what is the application rate?

New India Assurance Company Limited: Largest player but may face pressures going ahead. IPO Review http://wp.me/p7zwuc-Rv

Great institutions are beyond the pale of ratio.Definitely buy this for mid to long term

Gambleji has done a detailed analysis and came with a balanced opinion. This is what Mr Dilip Devda was also telling. I buy this IPO. Mr Uchill is also right in his view. I feel this scrip will have good performance. Better to start with IPO subscription instead of waiting for listing date.

Hi
After going through red hearing Prospectus.I find the following details

1. No dividend paid to shareholders for the last 5 years ending 31st march 2017.

2. Have reported business operating losses for 2 / 5 years.

3. IPO is highly priced compared to peers.

My opinion: don''t subcribe for the issue as you will get the same share cheap in the secondary market if you are still interested this company.

Dividend- Paid 75% YoY to Govt as President is the owner.
Profits made profits in all the review years.

Good scrip to buy.

Total loss for retailer

Anchor list please...

Hi
Gamble ji , septa sir plz review ur post for NIA.

Thanks,
Jigar Malde

As per CRISIL Report, NIA has the largest market share among general insurers in India….. More than 25 million policies issued…… highest among all general insurance companies in India. It’s the largest player and industry trendsetter….. good investment bet.

Sorry to say u but NIA issue ipo 74 times of their EPS, it''s too expensive

Avoid subscription of NIA....It will give result like GIC .... Those who have surplus amount to invest in NIA ...Plz credit in my account....
Thank u....

I think Govt, LIC and other govt owned institutions and lead managers are in all out efforts to keep GIC script in an uptrend, so as to induce investors to subscribe in NIA IPO. Please don''t fall into the trap. Finance ministry haven''t learnt from the bitter experience in GIC and they have fixed higher price in NIA IPO. Individual investors should avoid this OVERPRICED issue so that future PSU IPOs will be reasonably priced.

In newspaper article NIA managment said...priceband reasonablly attractive....ha ha what a joke !!

Management is not confident on the price and response to the IPO.

avoid ...for small investor....invest for long time only...

get rid of GIC now

Points debated based on one experience. GM or otherwise, a scrip placed logically on sound funda with netwroth based analysis and book building capacity would be a consistent long time player as Dilip devda opines. Lets go by consistency theory instead of talking about Grey market etc., General Insurance is an expanding market and this IPO is from market leader. In GIC, we did not have peer comparison. Here, we compare with ICICI Lombard and price is Fair. I buy.

When it is almost likely that it would be available at a price of 650-700 range immediately after listing then what is the necessity to apply it through IPO at a huge price of Rs.800?
It''s a big avoid for me and if I find the price less than Rs.650 I may think over buying it.

A Big avoid.....i can bet it won''t be subscribed more that 0.5x in retail category and will definitely be available around 700 rs on listing day....
so wisely decide and buy on listing day if you really want to buy instead of subscribing to it...

New India should go through anchor route otherwise it will be fiasco for this IPO. Nobody has faith in the insurance IPOs.

Good anchor names may give some confidence in the IPO.

Due to fiasco of very large GIC IPO, sentiments in Insurance IPOs are overwhelmingly pessimistic.
When sentiments are decisively in one direction.....large operators play there game. Be very careful in this IPO if you are looking to transact in this stock anyway post listing or in grey market before listing.