New India Assurance IPO all set to open on Wednesday

Manama : The New India Assurance Company Limited, India’s largest General Insurance Company will be launching its initial public offering which is scheduled to open on Wednesday, November 01, 2017 and close on Friday, November 03, 2017, with a price band of Rs. 770 to Rs. 800 per Equity Share of face value of INR. 5/- each of the Company (the “Equity Shares”).

A discount of Rs. 30 on the Offer Price is being offered to Retail Individual Investors (“Retail Discount”) and to Eligible Employees Bidding in the Employee Reservation Portion (“Employee Discount”).

The Company has a long-standing operation in the Kingdom of Bahrain since 1959, through its branches located in Manama, Hoora, Busaiteen and Sanad.

For more details, send an email to newindia@intercol.com, pratheep@intercol.com.