New India Assurance IPO subscribed 1.07 times on second day


The Initial public offer of New India Assurance Company (NAICL) got subscribed 1.07 times on the second day

The IPO has received bids for 12,87,66,114 shares as against 12,00,00,000 shares offered by the company, according to NSE data.

The company has fixed a price band at Rs. 770-800 per equity share.

The issue will close on 3rd November.

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Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.