The New India Assurance Company Limited IPO Message Board (Page 8)

GIC ke chakkar me NIA ki waat lag gai ab NIA ke vajah se HDFC ki na lag jaye gmp coming down continuously

HDFC Life will be saved by QIBs like RNAM but being big one wont be oversubscribed to that extent

Remember that HDFC is a very respected brand.

application withdrawn :) bach gaya

Might be. Was not sure. Lets see on listing.

g_m_p is in negative -40. so looks like the decision was right

# NPT BHAI YE SARKAR BUSINESSMAN HO GAYI

PM himself said he is businessman of Gujarat. But then Chankya said something more worthy. When King becomes businessman, citizens becomes beggar. Good that people avoided to become beggar.

I works in LIC but its very unfortunate that it always comes forward for rescue in govt disinvestment programmes. LIC has huge corpus but their investment decisions are somehow influenced by govt whenever there is disinvestment process. That''s the reason that LIC''s return over the policies has come down. If such practices continue, definitely its going to loose the market share in insurance sector. Its a public money collected from policyholders. The moto should be to optimise their yield. I am not of the view to ignore the disinvestment programme but at least valuations must workout and if necessary should negotiate with govt. There isn''t any need to go for subscription 80-90 percentage of QIB quota. There are other financial institution owned by govt like SBI etc, leave some room for them.

govt should directly take money from LIC why so much exercise. these high rates of GIC and NIA will effect negative on disinvestment program of Govt.

@Sabby
Govt should have directly sold shares to LIC in stead of bringing out ipo.
Issue totally failed looking to poor participation by all categories.
Govt just trying to achieve the disinvestment target by hook and crook.

Sarkar ne share beche (NIACL) aur sarkar ne hi kharide (LIC - Rs.6500 crore). What a joke.

Please withdraw before 5pm. I think today only you can withdraw

All you intelligent people tell me one thing . If LIC is the majority holder then who will sell the shares to bring the price down? There is no free float then . So why should the price get down ? Just wondering.

Mr intelligent,
Tell me who will buy on listing?

Lic is a long term investor.. in fact the entire QIB portion can be safely considered . Now in three years the govtvstake has to be around 75 % so follow up offer of 10 % within 3 years. Govt will boost this share through regulatory incentives to maximise the next 10 % . So do not see the price falling too much and if does lot of ling term investors hoping to enter at lesser than issue price will lap it up . See good traction on this stock and will not be surprised with a listing gain that holds . Few days back there was an article indicating checking insurance online of a vehicles . The moment govt tightens the screws on avoidance of motor insurance a notch we will see this stock soar . Maybe the govt is waiting for its top stock to list before these reforms are out to take advantage of the new rush to insure your vehicles .

Another highly priced IPO from the govt. There was a time when govt used to reasonably price offerings and leave something on the table for investors, and additionally it was an incentive which encouraged them to invest in markets.

Today it has become more about revenue maximisation.

Govt may gain in the short term, but it will put off investors at least in medium term.

IPO is auction driven so don''t expect for cheap issues. if issued cheap, some1 can allege of corruption later like 2G spectrum or coalgate.

Very true, even petrol was priced at 30-35 during Vajpayeejis time in line with global crude prices, when it was first time the fuel prices were deregulated in India.

There is nothing left for small investors in this ipo..18 share ke lot par yadi 10 yaa 20 rs kaa profit ho bhi gaya to bhi 200 yaa 400 rs profit leke retail investor konsa teer maar lega ..so itne kam ke liye dimag lagane kaa nahi ..

Qualified Institutional Buyers (QIB) ------------------- 2.34x (Closed)
Non Institutional Investors (NII) -------------------------- 0.12x (Closed)
Retail Individual Investors(RII) --------------------------- 0.10x
Employee Reserved (EMP) ------------------------------- 0.18x

Total -------------------------------------------------------------- 1.19x

No.of Applications (Approx) ---------------------------- 122769

Retail Applicationwise (Approx) -------------------------- 0.05x

New India Assurance:

After detailed study I found NIA is comparable only with ICICI Lombard because both are in general insurance. Though many differences are there i.e market capitalization etc. Don''t compare NIA with SBI Life, General Insurance, ICICI Prudential.

We know the listing of ICICI Lombard. Though it didn''t give good return but price is more than issue price. It gave chance to earn 8 to 10 % (price more than 700) for short term investors. 8 to 10% is not a bad deal in short time.

If we compare ICICI Lombard and NIA then I found NIA is much superior in following:

History
Customer Base
Assets
P/BV
P/E

Because of ICICI Lombard''s neutral performance I can say listing is not in discount. I suggest investors to apply minimum lot. Chances are more that each applicant will get one lot. Favorable market condition will give minimum 5 to 10% return in short term. For mid to long term investors will get more return.

I am going to apply for mid to long term.

NIA ipo price as per their financial report is only 30-32 times of EPS ( published in Business Standard report ) but they published 74 times in offer document. and its actually 30-32 times.

If the management of the company don''t know the simple calculation, then how can we believe in their IPO.

I applied 5 lots.

aache aache din(deen yani kangal garib , ) aa gaye !

Govt. n GIC ne sab ko kangal kar diya.

aache IPO me allotment hota nahi . GIC jese IPO lOOt ke chale jate hai.

FD rates are also decreasing to enrich promoters.

isi liye aache aache deen aa gaye

Why you invest in such type IPO?
We should not subscribe these IPO so that they will be able to understand that pricing is really important

DEAR ALL FRIENDS ALL BROKERAGE CO. ADVICE FOR SUBSCRIBE WHY

KR Choksey: Subscribe
Geojit: Subscribe
ICICI Securities: Subscribe
Reliance Securities: Subscribe
Centrum: Avoid
HEM Securities: Subscribe
Way2Wealth: Subscribe

REASON ALL GET ALLOTMENT AND THEY GOT BROKERAGE CHARGES BE CAREFUL MY FRIENDS

100 % right ,SIR
They earn maximum comm

No brokerage charged on ipo allotted shares.
Brokerage charged only on trades from listing day.

LIC saved this IPO

Qualified Institutional Buyers(QIBs)*      2.26
Non Institutional Investors      0.11
Retail Individual Investors(RIIs)      0.09
Employee Reservation      0.16
Total      1.15

compare apple to apple. In this case NIA should be compared with ICICI Lombard on all parameters it is better then ICICI lombard. So in layman term the price is alright however given the market general have inferior valuation for public sector company. IMO the should have come out with better valuation being a govt company like cochin shipyard but not the case.

So one can avoid this IPO will list at discount

I think this issue is reasonably priced. But insurance sector stock price scare remain. Discl: Not applied in this issue, but hold Lombard & GIC

Looking like same

SEEMS A WAIT AND WATCH TO BUY AFTER LISTING ,
My clients have not applied in this IPO

@Chem cho sir
How can become your client .
any contact no.?

I think only LIC will get all the shares so the listing day they do not sell.
If LIC do not sell selling pressure not come and it will list at par.
The retailer will encash their 30 rs discount.

That was exactly the thought process for GIC but alas......

मेरे भरोसे मत रहना

Insider news is that there is a strong possibility that this issue will be extended with reduction in price.

United Investors fight back the governmental loot of investors hard earned money. Guys way to go....keep it up.

Bhai QIB Subscription ho gaya hai full..

Now no chance..

rest portion will be assign to QIB.

Totally agree with Chandan Bhai that all markets are based on demand and Supply. But in this case where is the demand? Even QIB subscription is due to Govt institutions like LIC, Insurance Cos, PSU Banks etc. Otherwise this IPO should have under-subscribed and called off.

Qualified Institutional Buyers (QIBs)      1.963
Non Institutional Investors(NII)      0.0002
Retail Individual Investors (RIIs)      0.006
Employee Reserved      0.005

Total      0.9568

Subscription :

bit . do / dR4on

(Delete space)

Very bad subscription.

Hahaha...

retails also learnt from past. Subscription only .08

Totally flop show.

Surprise employee are very much interested. May be management advice to do.

I may not buy even if they come back with reduction in price.

We know that QIB is already subscribed but if remaining categories remain close to zero.....it is a wake up call for the regulator. Hope some one is taking cognizance of this.

If the issue sails through as it is ....it is a private placement through public issue route rather than a public issue.

Let us wait and watch.