New India Assurance Share Price Soars 31% After NSE IPO DRHP Filing; Should You Buy This PSU Insurance Stock?

Shares of New India Assurance Company Ltd. (NIACL), India's largest public sector general insurance company, surged sharply on Monday, June 22, 2026, as investors rushed to buy the stock after the National Stock Exchange (NSE) moved closer to its much-awaited initial public offering (IPO).

New India Assurance Share Price Jumps 31% in Five Days; What's Behind The Rally

The insurance giant's shares jumped as much as 6.6% during the session, extending their five-day rally to nearly 31%, as the market anticipated a significant value-unlocking opportunity from its decades-old investment in the country's largest stock exchange.

NSE IPO Filing Highlights Enormous Value of NIACL's Long-Held Stake

The rally comes after the NSE filed its draft red herring prospectus (DRHP) for a nearly Rs 30,000 crore IPO, which is expected to become India's biggest-ever public issue. The proposed offering is entirely an offer for sale (OFS) of 14.89 crore shares, or around 6% of the exchange's equity base.

New India Assurance, one of the key institutional shareholders in the NSE, plans to offload up to 1.05 crore shares through the IPO. What has attracted investors' attention is the company's exceptionally low acquisition cost of just Rs 0.32 per NSE share, indicating the possibility of enormous gains from the stake sale.

New India Assurance Share Price Today on NSE

On the NSE, New India Assurance shares were trading at Rs 211.83 at 11:35 AM IST, up 4.71% or Rs 9.52. The stock opened at Rs 205.50 and climbed to an intraday high of Rs 215.59.

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