New India Assurance IPO GMP History
New India Assurance IPO has been listed on November 13, 2017 at a listing price of ₹750, against the issue price of ₹800 — a loss of ₹50 (-6.25%). The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
New India Assurance IPO raised ₹9585.82 Cr. through its IPO at a price band of ₹770 to ₹800 per share, with a lot size of 18 shares. The IPO was open for subscription from 01 Nov 2017 to 03 Nov 2017.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 12 Nov, 3:11 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| No GMP history available yet. | |||||
New India Assurance IPO dates
Key dates from opening to listing. Today is 13 November.
- Open 01 Nov 2017
- Close 03 Nov 2017
- Allotment 08 Nov 2017
- Refund/credit 09 Nov 2017
- Listing 13 Nov 2017
New India Assurance IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹800 |
|---|---|
| Listing gain / loss | −₹50 per share |
| Listing date | 13 Nov, 2017 |
| Actual listing price | ₹750 (-6.25%) |
Is New India Assurance IPO GMP reliable?
Grey market premium for New India Assurance IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the New India Assurance IPO full review for a fundamentals-based assessment before making any grey market trades.
New India Assurance IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for New India Assurance IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About New India Assurance IPO
The New India Assurance Company Limited is a government owned general insurer. Its promoter is the President of India.
According to CRISIL, it was the largest general insurance company in India by net worth, domestic gross direct premium, profit after tax and number of branches for FY2017.
As of 30 June 2017 it ran international business through branches, agency offices and representative offices across 28 countries.
The IPO was Rs 9,585.82 crore, with Rs 1,917.16 crore of fresh issue and Rs 7,668.66 crore of offer for sale by the Government of India, at Rs 800, the top of the Rs 770 to Rs 800 band. The fresh money was for future capital needs and to improve its solvency ratio.
Frequently asked
What is the GMP of New India Assurance IPO?
The current Grey Market Premium (GMP) of New India Assurance IPO is not yet started or active in the market.
What is the Kostak Price of New India Assurance IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for New India Assurance IPO is not available.
What is the Subject to Sauda Price of New India Assurance IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of New India Assurance IPO?
New India Assurance IPO listed on November 13, 2017 at ₹750, against the issue price of ₹800 — a loss of -6.25%.
How did the GMP of New India Assurance IPO trend before listing?
The GMP of New India Assurance IPO was stable in its final days before listing. View the day-wise table above for the complete GMP history.
Explore New India Assurance IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
