New Delhi: The initial public offering (IPO) of New India Assurance Co. Ltd was on Monday subscribed 1.03 times, the first day of the three-day bidding.
The New India Assurance IPO, which aims to raise Rs9,600 crore, received bids for 123,062,976 shares against the total issue size of 120,000,000 shares, data available with the NSE till 4pm showed.
The IPO, which will close on 3…