GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
»
1-min read

New India Assurance Shares List at Over 6 Per Cent Discount

The New India Assurance stock listed at Rs 748.90, down 6.38 per cent, compared to the issue price on the BSE. At the NSE, shares of the company debuted at Rs 750, a loss of 6.25 per cent from the issue price.

PTI

Updated:November 13, 2017, 1:20 PM IST
facebookTwittergoogleskypewhatsapp
New India Assurance Shares List at Over 6 Per Cent Discount
Image for representation. (Getty Images)
New Delhi: Shares of New India Assurance Company made a sluggish debut at bourses on Monday, falling over 6 per cent against the issue price of Rs 800.

The stock listed at Rs 748.90, down 6.38 per cent, compared to the issue price on the BSE. At the NSE, shares of the company debuted at Rs 750, a loss of 6.25 per cent from the issue price.

In terms of equity volume, 3.14 lakh shares of the company were traded on the BSE and over 19 lakh shares changed hands at the NSE during the morning trade.

The Rs 9,600-crore IPO was oversubscribed 1.19 times during November 1-3.

The portion set aside for qualified institutional buyers (QIBs) was oversubscribed 2.34 times, non-institutional investors 12 per cent and retail investors 11 per cent, according to data available with the NSE. The price band for the offer was set at Rs 770-800 per share.

Kotak Mahindra Capital Company, Axis Capital, Nomura Financial Advisory and Securities (India) Private, IDFC Bank and YES Securities were the book running lead managers to the offer.

New India Assurance has assets of over Rs 69,000 crore and has been growing at a CAGR of over 15 per cent for the last five years.
Read full article
Next Story
facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
SBI 335.30 +4.65 +1.41
HDFC Life 395.20 +9.90 +2.57
HDFC 1,718.15 +23.65 +1.40
Reliance 930.75 -1.80 -0.19
PNB 189.20 +2.90 +1.56
Company Price Change %Gain
HDFC Life 395.20 +9.70 +2.52
Thyrocare Techn 671.30 -6.55 -0.97
Tata Motors (D) 243.75 +0.10 +0.04
PNB 189.25 +3.10 +1.67
NTPC 181.70 -1.35 -0.74
Top Gainers
Company Price Change %Gain
Zee Entertain 562.05 +21.80 +4.04
Adani Ports 414.50 +13.70 +3.42
GAIL 469.05 +9.10 +1.98
UltraTechCement 4,230.40 +67.00 +1.61
Ambuja Cements 265.60 +3.95 +1.51
Company Price Change %Gain
Adani Ports 414.30 +13.10 +3.27
HDFC 1,718.30 +25.85 +1.53
BHEL 88.75 +1.25 +1.43
SBI 335.20 +4.45 +1.35
Asian Paints 1,176.10 +14.75 +1.27
Top Losers
Company Price Change %Gain
Tech Mahindra 482.60 -11.25 -2.28
Bajaj Finance 1,773.95 -35.80 -1.98
Bharti Infratel 376.45 -7.10 -1.85
Aurobindo Pharm 698.35 -10.50 -1.48
Hindalco 257.75 -3.70 -1.42
Company Price Change %Gain
Dr Reddys Labs 2,361.35 -29.50 -1.23
Axis Bank 540.00 -6.75 -1.23
Lupin 828.05 -9.65 -1.15
Bharti Airtel 498.70 -4.45 -0.88
NTPC 181.70 -1.35 -0.74

Live TV

File is:/article-scroll-new.php