LIVE TV DownloadNews18 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)
Loading...
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.

Catch the Biggest Newsmakers and the Biggest Newsbreaks on CNN-News18, your favourite English TV news channel. Keep watching CNN-News18 at just 50 Paise per Month. Contact your cable /DTH operator Now!
*Rental / capacity fee of Rs.130/- as charged by cable / DTH operator may apply. **GST extra.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Sun Pharma 431.35 2.96
Reliance 1,225.85 -0.75
ITC 277.70 -4.16
Yes Bank 197.30 2.65
ICICI Prudentia 304.95 -11.61
Company Price Change %Gain
Sun Pharma 431.40 3.19
Ratnamani Metal 872.00 -4.64
Yes Bank 197.35 2.73
Hathway Cable 31.75 3.25
Bombay Burmah 1,212.00 -0.68
Top Gainers
Company Price Change %Gain
Sun Pharma 431.35 2.96
Yes Bank 197.20 2.60
Zee Entertain 433.00 1.82
Tata Steel 464.00 1.63
Wipro 351.40 1.41
Company Price Change %Gain
Sun Pharma 431.40 3.19
Yes Bank 197.35 2.73
Tata Steel 463.00 1.36
HUL 1,763.00 0.75
Vedanta 192.75 0.68
Top Losers
Company Price Change %Gain
ITC 277.95 -4.07
Grasim 783.35 -2.61
Indiabulls Hsg 778.45 -2.37
Titan Company 963.05 -1.99
Infosys 731.50 -1.86
Company Price Change %Gain
ITC 278.20 -3.99
Infosys 731.20 -1.77
M&M 695.50 -1.77
NTPC 140.45 -1.65
Power Grid Corp 186.40 -1.69

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results