Watch out: United India Insurance IPO is next

2016 is a year for Initial Public Offerings (IPO) and even as the market digests the returns  post listing of  newly listed stocks such as Quess Corp, Parag Milk, Ujjivan and Equitas, the market is being flooded with reports of several new listings. 
L&T Infotech is soon to be listed and ICICI prudential , HDFC Life Insurance will be listing within few months from now. 
Another interesting listing that will keep stake holders interested is "The United India Insurance Company". The public sector undertaking is in the initial stage of initiating a public offer of Rs 1,500 crore. The listing is important in the sense that it would be a first step in line with Finance Minister, Arun Jaitley's announcement in the budget for 2016-17. 
The board has obtained in principle the decision to list the shares and now the company will undertake the necessary steps to get listed on the stock exchanges. 
 
Arun Jaitley in his Union Budget presentation has mentioned that the general insurance company owned by the government of India will be listed  on both the bourses. 

The timing seems to be appropriate with the global markets touching record highs and the general mood amongst the investors being that of "Risk -on ". Sensex is trading at 11 month high and it is only opportune to benefit from investors enthusiasm in the markets.