Oriental Insurance Sees Rs 843–885 Crore Revenue from NSE IPO Proceeds in 2026-27
Public sector insurer Oriental Insurance plans to list shares on its stake in the National Stock Exchange later this week to boost its solvency ratio and report a profit.
Oriental Insurance Company Limited aims to return to profitability for the fiscal year 2026-27. The insurance group stated that proceeds from an initial public offering intended for subscription starting September 17 would be recorded as profit and improve its financial standing. Chairman Sanjay Joshi noted that only a small portion of the company's holdings in the National Stock Exchange will be diluted through this listing. Approximately 49.57 lakh shares are currently on offer at price bands between Rs 1,700 and Rs 1,785 per share. At the lower price band, Oriental Insurance expects to collect about Rs 843 crore, while revenue at the upper limit targets Rs 885 crore. The group holds a 1.42 percent stake in the bourse, consisting of 3.52 crore shares as of June 30, 2026. Joshi explained that the solvency of the National Stock Exchange will be calculated based on the value of its remaining holdings once listed. The total public issue is valued at Rs 22,569 crore, ranking second behind Hyundai Motor India's offering.
