New India Assurance makes a tepid debut; shares list at Rs 748.90/sh on BSE

India Infoline News Service | Mumbai | November 13, 2017 16:43 IST

The scrip got listed at Rs 748.90 on BSE, a discount of 6.4% over its issue price of Rs 800.

New India Assurance
The country's largest general insurance firm New India Assurance Company made a tepid listing on stock exchanges. The scrip got listed at Rs 748.90 on BSE, a discount of 6.4% over its issue price of Rs 800.

The price band for the offer was set at Rs 770-800 per equity share.

The portion set aside for qualified institutional buyers (QIBs) was oversubscribed 2.34 times, non-institutional investors 12% and retail investors 11%, according to data available with the NSE.

The scrip opened at Rs 748.9 and has touched a high and low of Rs 749 and Rs 717.75 respectively. 


***Note: This is a NSE Chart

 

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