New India Assurance IPO subscribed 1.07 times on second day

New India Assurance IPO subscribed 1.07 times on second day

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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.