COMPANY PROMOTER

  Ø  NIA promoter is the President of India, acting through   the MoF.

   LEAD MANAGERS

       a)       Kotak Mahindra Capital Company Limited

       b)       Axis Capital Limited

       c)       IDFC Bank Limited

       d)       Nomura Financial Advisory and Securities (India) Private Limited

       e)       YES Securities (India) Limited

  REGISTRAR TO THE ISSUE

  Link Intime India Private Ltd

OBJECT OF THE OFFER

Ø  The Offer comprises a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholder.

Ø  Offer for Sale
The proceeds of the Offer for Sale shall be received by the Selling Shareholder. Company will not receive any proceeds from the Offer for Sale.

Ø  Fresh Issue
Company proposes to utilize the Net Proceeds towards meeting our future capital requirements which are expected to arise from the growth and expansion of our business, improving our solvency margin and consequently our solvency ratio.

  KEY FEATURES

       1.  Incorporated on July 23, 1919 at Mumbai, The New India Assurance Co. Ltd (NIA) is the oldest (in operation for almost a century) and largest general insurance company in India.

       2. The company was nationalized by the GoI on January 1, 1974.

       3. Core Strength:

a.       Market leadership and established brand for around 100 years.

b.        International operations since 1920. Presence in UK with a desk at Lloyd‘s, London. Also have operations in Japan and Australia for over 50 years.

c.        Diversified product offering. 

d.        Strong relationship with reputed reinsurers.

e.        Robust IT infrastructure

Risk Factor

       · This being the first public issue of our Company, there has been no formal market for the Equity Shares.

       · Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in the Offer unless they can afford to take the risk of losing their entire investment.

COMPANY FINANCIAL 

 (Rs in millions)       

IPO DETAILS