National Insurance IPO – Review, Allotment Status, Subscription, Price, Date & more

The National Insurance IPO is one of the latest IPO from National Insurance Company Limited that is in compliance with the SEBI. Lets have a detailed review of National Insurance Company IPO & its IPO release date, IPO offer price, IPO subscription, IPO allotment, grey market price and other details.


National Insurance IPO Review & Ratings

National Insurance IPO Ratings & Review
Criteria Ratings
Industry Sentiments 8.3/10
Industry Ranking 8.2/10
Company Background 8.1/10
Company Reputation 8.0/10
Competitive Edge 8.2/10
Financial Statements 8.2/10
Popularity Index 8.1/10
Promoters Reputation 8.0/10
Retail Appetite 8.1/10
Top Brokers Review 8.2/10
Overall Ratings 8.1/10
Star Ratings ★★★★☆

Summary of National Insurance Company Limited IPO

National Insurance IPOThis is one of the IPOs from one of the oldest insurance companies in India. The company has announced that it would go for public shares last year. Due to certain unavoidable reasons, the IPO announcement is getting delayed.

It is one of the most awaited IPOs in the recent times. The IPO from National Insurance has already got the nod from SEBI. The company is expected to file its draft red herring prospectus anytime soon.

The company has maintained a very good record that makes it one of the unavoidable reasons why one should definitely buy the shares. The shares will be listed both on NSE and BSE. The issue size will be announced in the month of April 2018.


Subscribe to National Insurance Company Limited IPO – Fill up the Form Below

Fill the Details Below
  1. Subscribe to IPOOpen Demat AccountBecome Sub Broker

 National Insurance IPO date

The IPO date has not been released yet.

 National Insurance IPO Subscription

  SUBSCRIPTION
DAY 1 x
DAY 2 x
DAY 3 x
DAY 4 x
DAY 5 x

The IPO issue data has not been announced yet. Once the IPO date has been issued, the subscription details will be updated regularly.


National Insurance Company IPO Allotment Status

Since the issue date has not been fixed yet, the Allotment Status is not out. The Allotment status will be announced about 3-4 weeks of the IPO issue date.

National Insurance Company Limited IPO – Price Band

The price band of the IPO will be known only after the offer price of the IPO issues is known. One can know about the price band of the IPO in about a week.

The face value of the equity shares yet to be released by the company is Rs X each. The offer price is calculated [.] times the face value at the Floor Price. The Offer Price can also be calculated [.] times the face value of the Cap price of the Price band.

National Insurance Company Limited IPO Issue Size

The Insurance Company IPO issue size is yet to be released.

National Insurance IPO Equity Shares Offerings

The equity shares will be listed after the issues get approval from the SEBI.


National Insurance Company Limited – Company Overview

The National Insurance Company is a public-sector insurance company that was nationalized in the year 1972. It was found in the year 1906 and it was a part of the General Insurance Company.

The company covers a wide range of insurance from personal, medical, motor to accident coverage. National Insurance Company Limited is situated in major cities and even in the towns so that it is able to cater to the needs of the Indian rural families as well effectively.

The company is regarded as one of the premium brands by India’s top media groups and it continues to retain the name by its relentless service.


National Insurance Company Limited – Financial Statement

Have a look at the Financial Stability of the company before you invest in it.

Asset of the Company

Assets (in INR & Millions)

  31 March 2017 31 March 2016
Non-Current Assets 72610.430 63929.196
Current Assets
Total Assets

Revenue and PAT of the company

Revenue and Profit (in INR & Millions)

  31 March 2017 31 March 2016
Revenue 37459.7 37639.6
Profit After Tax 458.7 1491.9

Earnings per Equity Share (in millions)

  31 March 2017 31 March 2016
Basic 4.58 14.92
Diluted 4.58 14.92

From the above statements, one could say that the insurance company has grown tremendously in the past few years.


Check List of more Upcoming IPO’s of 2018

HDFC AMC IPO Nekkanti Seafoods IPO Devi Seafoods IPO Sandhya Marines IPO
John Energy IPO TCNS Clothing IPO SembCorp Energy IPO Credit Access Grameen IPO

National Insurance Company – Promoter

The National Insurance Company is held by the government of India. The board of directors manages the activities of the company. The company is jointly held by some of the Indian as well as foreign firms. The equity shares of the company are thus held by these firms.

Interest of Promoters

Interest of Promoters in the promotion of the company

The promoters of the company have promoted the company and they have shown interest in their shareholding of the company in the form of equity shares. The government of India has always made acts and amendments in order to make the company more stabilized but they have never used the company for any for the personal benefits of officials.

Interest of Promoters in the property of the company

The promoter is not interested in the property of the company, they are only the shareholders of the company who have invested in the firm. The property of the company has also been put to very good use by the company’s funding to some of the best Indian companies in the expansion of their businesses.

Interest of promoters in the intellectual property of the company

The promoter does not have any interest in the intellectual property of the company. The details of the customer are kept very intact and the company does not disclose any sensitive details to the public.


National Insurance Company IPO – Basis of Offer Price

National Insurance Company Limited determines its own offer price. The shareholders of the company research the market for the demand for the products as the company has decided to sell off the equity shares.

The company consults the BRLMs’ and decides on the basis of the qualitative and the quantitative factors of the company. The face value of the equity shares Rs x is yet to be released by the company.

The offer price is calculated [.] times the face value at the Floor Price. The Offer Price can also be calculated [.] times the face value of the Cap price of the Price band.

Qualitative Factors

These are the qualitative factors of the company that makes the buying of the shares worth the investment

  • The oldest insurance company in India that covers a range of insurance policies for all sectors of people.
  • The insurance company that is spread across India and Nepal that provides the best service to its customers
  • There are more than 2000 offices and a large workforce that has an efficient management team which is a major USP of the company.

The insurance has become one of the inevitable sectors these days, thus holding a share in a reputed insurance firm is worth the penny.

Quantitative Factors

The Quantitative factors are used to compute the offer price of the company

  • Basic and Diluted Earnings Per Share (“EPS”)
  • Price/Earning (“P/E”) ratio in relation to Price Band of Rs [●] to Rs [●] per Equity Share
  • Return on Net Worth (“RoNW”)
  • Minimum Return on Increased Net Worth after Offer needed to maintain Pre-Offer EPS
  • Net Asset Value (“NAV”) per Equity Share
  • Comparison with Listed Industry Peers
  • The Offer Price will be [●] times of the face value of the Equity Shares

 

National Insurance Company Limited IPO Lead Managers

The detail of the Lead Managers for the IPO that is yet to arise is not known. It will be known after the company releases the draft red herring prospectus.


National Insurance Company IPO Registrar of the Offer

The detail of the Registrar of the Offer of the IPO is not known. It will be known after the company releases the draft red herring prospectus.


National Insurance IPO Review by Top 10 Stock Brokers

Top Stock Brokers Review Company Repu-tation Compe-titive Edge Finan-cial State-ment Popu-larity Index Promo-ters Repu-tation
Angel Broking 8.0/10 8.3/10 8.5/10 8.1/10 7.9/10
Sharekhan 7.9/10 8.5/10 8.5/10 8.1/10 7.9/10
Kotak Securities 7.9/10 7.5/10 7.5/10 7.9/10 8.5/10
ICICI Direct 8.5/10 7.9/10 7.9/10 8.5/10 7.9/10
IIFL 7.9/10 8.1/10 8.5/10 7.9/10 8.1/10
Edelweiss 8.5/10 7.9/10 7.9/10 8.1/10 7.9/10
Zerodha 7.9/10 7.5/10 7.5/10 7.9/10 7.9/10
5Paisa 7.9/10 8.1/10 7.9/10 8.1/10 8.1/10
Karvy 8.5/10 7.4/10 8.1/10 7.9/10 7.5/10
Motilal Oswal 7.5/10 7.5/10 7.9/10 8.1/10 7.9/10

 National Insurance IPO Grey Market Premium

The National Insurance Company Limited IPO Grey Market Premium will be announced two weeks before the price of the issue is announced.


Subscribe to National Insurance Company Limited IPO – Fill up the Form Below

Fill the Details Below
  1. Subscribe to IPOOpen Demat AccountBecome Sub Broker

National Insurance Company Limited IPO News

News 1 – National Insurance Company Limited IPO gets Irda nod


Market Guide

What is IPO?
IPO Investment
IPO Valuation
Upcoming IPOs

Featured Topics

Featured Topics
Top 10 Discount Brokers in India
Top 10 Full Service Brokers in India
Top Stock Brokers in India
Top 10 Intraday Trading Brokers in India
Best Demat Account in India
Stock Broker Comparison
Sub Broker Franchise
Top 10 Broking Franchise
Stock Market Franchise
Get 100% IPO Allotment Guarantee! Subscribe to IPO