NSE IPO: New India Assurance to Sell 1.05 Crore Shares in the OFS

New India Assurance will sell 1.05 crore NSE shares, about 29.83% of its holding, through NSE's proposed IPO OFS.

Updated: 10 Sept 2026 • 10:37 am

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NSE IPO: New India Assurance to Sell 1.05 Crore Shares in the OFS

Quick Answer

The New India Assurance NSE OFS involves the state-owned insurer selling 1.05 crore equity shares of the National Stock Exchange, representing 29.83 percent of its current holding, through the offer-for-sale component of NSE's proposed initial public offering. The New India Assurance NSE OFS shares were transferred to an escrow account on September 8, with the transaction expected to be completed by the end of September 2026, and the insurer will retain roughly 2.47 crore NSE shares after the sale.

New India Assurance is joining a growing list of institutional shareholders looking to partially cash out of their stake as NSE moves toward its long-awaited public listing.

Here is what the New India Assurance NSE OFS involves and how it compares with other shareholders selling in the IPO.

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How Much Stock Is Being Sold

The New India Assurance NSE OFS covers 1.05 crore equity shares, representing 29.83 percent of NIACL's total existing shareholding in NSE. The insurer currently holds 3.52 crore NSE shares, or about a 1.42 percent stake, and will retain approximately 2.47 crore shares after the transaction.

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Other Shareholders Selling in the IPO

New India Assurance is not alone in this OFS; a day earlier, Bank of Baroda announced plans to divest up to 76.90 lakh NSE shares, representing 35 percent of its holding. NSE's draft prospectus also lists other existing shareholders as sellers, including State Bank of India, MS Strategic (Mauritius) and Canada Pension Plan Investment Board, alongside the New India Assurance NSE OFS.

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Disclaimer: Data and figures in this article are sourced from publicly available information and may change as trading continues through the day. Please verify all data independently before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

FAQs

How many NSE shares is New India Assurance selling?

Ans. The New India Assurance NSE OFS covers 1.05 crore equity shares, representing 29.83 percent of the insurer's current NSE holding.

What stake will New India Assurance retain after the sale?

Ans. It will retain approximately 2.47 crore NSE shares, roughly a 1 percent stake, after the New India Assurance NSE OFS transaction.

When were the shares transferred for this transaction?

Ans. The shares were transferred to a designated escrow account on September 8, 2026.

When is the New India Assurance NSE OFS expected to complete?

Ans. The transaction is expected to be completed by the end of September 2026.

Which other shareholders are selling NSE shares in the IPO?

Ans. Bank of Baroda, State Bank of India, MS Strategic (Mauritius) and Canada Pension Plan Investment Board are among other shareholders selling shares alongside the New India Assurance NSE OFS.