IFLR1000

New India Assurance Company BSE/NSE IPO

16/11/2017
IPO
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$ 1.5 billion

Completed

16/11/2017

Overview:

  • New India Assurance Company has undertaken an IPO on the BSE and NSE.
  • Proceeds reached $1.5 billion.
  • The president of India has also placed equity shares.
  • Kotak Mahindra Capital Company, Axis Capital, IDFC Bank, Nomura Financial Advisory and Securities and YES Securities acted as bookrunners and lead mangers on the deal.

Katrin Kostadinova - Data analyst 

Jurisdiction:

India

Deal type:

IPO

Practice area:

Capital markets : Equity

Governing law:

India

Industry sector:

Insurance

Firm:
Luthra and Luthra Law Offices India

Party: Kotak Mahindra Capital (Bookrunner, Lead manager)

Party: AXIS Capital (Bookrunner, Lead manager)

Party: IDFC Bank (Bookrunner, Lead manager)

Party: Nomura Financial Advisory and Securities (Bookrunner, Lead manager)

Party: YES Securities (Bookrunner, Lead manager)

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