New India Assurance IPO Details
Company Profile:
New India Assurance Company is a wholly-owned subsidiary of the government Established in 1919.New India Assurance Company is the largest general insurance company in in
Product :
Fire Insurance
Marine Insurance
Motor Insurance
Cropration Insurance
Health Insurance
Strengths:
Company Profile:
New India Assurance Company is a wholly-owned subsidiary of the government Established in 1919.New India Assurance Company is the largest general insurance company in in
Product :
Fire Insurance
Marine Insurance
Motor Insurance
Cropration Insurance
Health Insurance
Issue Highlights:
Subscription
|
31 Oct - 3 Nov 2017
|
IPO Closing Date
|
3 November 2017
|
Total IPO size
|
12 Cr shares
|
Issue Price
|
Rs 770-800
|
Market Lot
|
18 Shares
|
Face Value
|
5
|
Proposed List Platform
| NSE,BSE |
Company Financials:
Particulars
| Year Ended (Rs. in Crore) | |
| 31.03.2016 | 31.03.2017 | |
Share capital
Reserves and Surplus Income from Investments Total Revenue Total expense Profit after tax EPS PE Ratio |
200.00
12294.54
1527.17
1071.56
26.12
930.35
23.26
34.39
| 200.00 12617.79 1656.14 973.16 16.37 839.86 20.99 38.11 |
Strengths:
NIACAL is the largest general insurance company in India in
terms of net worth, domestic gross direct premium, profit after tax and number of
branches as of and for the fiscal year ended March 31, 2017. NIACL holding largest market share of 15% of gross direct premium among general
insurers in India and market leader in all insurance segments except crop insurance. As of March 31, 2017, company issued 27.10 million policies across all our product
segments, the highest among all general insurance companies in India. The gross written premium increased at a CAGR of 15.18% from Rs.13200.18 Cr in
Fiscal 2013 to Rs. 23230.49 Cr in Fiscal 2017. Net worth of the company increased at a CAGR of 7.01% from Rs. 9605.03 Cr as of
March 31, 2013 to Cr 12596.45 Cr as of March 31, 2017. In Fiscal 2017, the investment portfolio of the company generated yield on average
investments of 8.08%. NIACL have been rated A-(Excellent) by AM Best Company since 2007 and have
been rated AAA/Stable by CRISIL since 2014.
Recommendation:
NIACAL is the largest general insurance company in India in
terms of net worth, domestic gross direct premium, profit after tax. We would like to
rate “POSITIVE” to New India Assurance IPO and Post IPO view is positive for short
to medium investment.
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