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  #1  
Old 23rd October 2017, 03:36 PM
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Default The New India Assurance Company IPO



The exact dates and price of this IPO have not been declared.

It is expected to be a Rs 10000 crore IPO.

The New India Assurance Company is one of the more profitable insurance companies and I feel finally investors will make some serious profits from an insurance IPO.
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  #2  
Old 29th October 2017, 06:55 AM
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Issue Detail:

Issue Open: Nov 1, 2017 - Nov 3, 2017
Issue Type: Book Built Issue IPO
Issue Size: 120,000,000 Equity Shares of Rs 5 aggregating up to Rs 9,600.00 Cr
Fresh Issue of 24,000,000 Equity Shares of Rs 5 aggregating up to Rs [.] Cr
Offer for Sale of 96,000,000 Equity Shares of Rs 5 aggregating up to Rs [.] Cr
Face Value: Rs 5 Per Equity Share
Issue Price: Rs 770 - Rs 800 Per Equity Share
Market Lot: 18 Shares
Minimum Order Quantity: 18 Shares
Listing At: BSE, NSE
Retail & Employee Discount

A discount of Rs 30 per equity share is offered to applications in retail and employee quota.

New India Assurance IPO Review by Dilip Davda - Other

New India Assurance IPO Details - Date, Prospectus, Allotment, Listing, Reviews & Status
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  #3  
Old 31st October 2017, 10:17 AM
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I am out of station. I may not get time to look at the RHP.

There is 0 grey market premium. It may turn out to be another flop like GIC.
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  #4  
Old 31st October 2017, 03:59 PM
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Issue size and HDFC Std Life IPO around hence I'll skip this one.
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  #5  
Old 1st November 2017, 11:19 PM
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QIB 1.59 on day one.
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  #6  
Old 2nd November 2017, 11:02 AM
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Quote:
Originally Posted by veryfast View Post
QIB 1.59 on day one.
Not applying for this. All the actions coming from LIC I guess.
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  #7  
Old 2nd November 2017, 11:24 AM
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I am also not applying.

I haven't read the RHP, but there is no demand in grey market.
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  #8  
Old 2nd November 2017, 11:42 AM
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Skipping this one. There is no Retail or HNI demand.
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  #9  
Old 2nd November 2017, 03:27 PM
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LIC makes a huge bid of Rs 6500 CR for this IPO also.
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  #10  
Old 2nd November 2017, 10:16 PM
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This is amazing divestment, with one Government company buying another.
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  #11  
Old 4th November 2017, 12:28 AM
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Quote:
Originally Posted by entee View Post
This is amazing divestment, with one Government company buying another.

They are making fool of common INDIANs.

LIC is buying junk due to government pressure, They are burning common public money kept with LIC.

After 10 years, LIC will have the same situation like we have today with SBI and any other PSU banks.

It's a loot by sarkar'
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  #12  
Old 5th November 2017, 05:28 PM
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Quote:
Originally Posted by veryfast View Post
After 10 years, LIC will have the same situation like we have today with SBI and any other PSU banks.
Highly unlikely.

SBI has to give a fixed return to its depositors.

LIC does not offer any guarantee of returns for most of its "investment" policies. LIC can burn most of the cash of policy holders and still keep operating as if nothing has happened.
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  #13  
Old 6th November 2017, 08:08 AM
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Agreed with Alchemist.

Also if one visit its office in Mumbai.There are 50-60 Buildings of LIC on prime location in santa cruz.
If they try to monetize it via reconstruction and offices.
Easily they will get crore of rupees as rent.
LIC agents are good at getting them.
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  #14  
Old 13th November 2017, 09:33 AM
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At 9:32 AM, the opening price is 11% below IPO price, but the indicative quantity is just 7433 shares.

There is absolutely no demand for this stock.
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  #15  
Old 14th November 2017, 09:44 PM
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Quote:
Originally Posted by Alchemist View Post
Highly unlikely.

SBI has to give a fixed return to its depositors.

LIC does not offer any guarantee of returns for most of its "investment" policies. LIC can burn most of the cash of policy holders and still keep operating as if nothing has happened.
Nice thought, I never though in that direction.

So it's like government is taking the money out of common man's pocket.

They cannot take directly so opted for indirect way. Sell Govt's junk company share to LIC on more than premium rates :-)
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  #16  
Old 14th November 2017, 09:47 PM
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Quote:
Originally Posted by Alchemist View Post
At 9:32 AM, the opening price is 11% below IPO price, but the indicative quantity is just 7433 shares.

There is absolutely no demand for this stock.
Current price is 701 (IPO issue price was 800).

Alchemist,

At what level it will be a good buy considering 3-5 years of investment horizon?
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  #17  
Old 15th November 2017, 11:58 AM
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Quote:
Originally Posted by veryfast View Post
Current price is 701 (IPO issue price was 800).

Alchemist,

At what level it will be a good buy considering 3-5 years of investment horizon ?
550, maybe.

The IPO was done at an horrendously expensive valuation.

I think private insurance companies will give better long-term returns; just like private banks have proved to be better investments compared to PSU banks.
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  #18  
Old 15th November 2017, 07:36 PM
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Quote:
Originally Posted by Alchemist View Post
550, maybe.

The IPO was done at an horrendously expensive valuation.

I think private insurance companies will give better long-term returns; just like private banks have proved to be better investments compared to PSU banks.
Thanks Alchemist.

The New India customer base is huge.

Most of the Tata Group companies employee has default insurance provider is New India since ages. (10 Lac + Employee)

I agree with you that private sector is always good.
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