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General Insurance Corporation of India IPO (GIC RE IPO)

General Insurance Corporation of India IPO (GIC RE IPO) Details:

General Insurance Corporation of India (GIC RE) provides general insurance products in India and internationally.

It offers property, energy, marine, engineering, miscellaneous, aviation-hull/spares-rotor wing, aviation-hull/spares-fixed wing, liability, aviation treaty–hull, spares, and liability insurance products, as well as cargo and offshore energy, motor, life, agriculture, space, health, credit, and financial insurance.

The company also provides reinsurance solutions for the Afro-Asian region and reinsurance programs in South East Asia, the Middle East, and Africa.

General Insurance Corporation of India was incorporated in 1972 and is based in Mumbai, India.

OBJECTS OF THE ISSUE:

Offer for Sale
Company will not receive any proceeds from the Offer for Sale.

Fresh Issue
Company proposes to utilize the Net Proceeds from the Fresh Issue towards:

  1. Augmenting the capital base of Corporation to support the growth of business and to maintain current solvency levels;
  2. General corporate purposes, subject to applicable law.

General Insurance Corporation of India IPO (GIC RE IPO) Details:

  1. Issue Open: Oct 11, 2017 – Oct 13, 2017
  2. Issue Type: Book Built Issue IPO
  3. Face Value: Rs 5 Per Equity Share
  4. Issue Size: 124,700,000 Equity Shares of Rs 5 aggregating up to Rs 11,372.64 Cr
  5. Issue Price: Rs 855 – Rs 912 Per Equity Share
  6. Market Lot: 16 Equity Shares
  7. Minimum Order Quantity: 16 Equity Shares
  8. Listing At: BSE, NSE

Kindly Note: There is a Retail Discount and Employee Discount of Rs 45 Per Equity Share.

* To Be Updated

BOOK RUNNING LEAD MANAGERS Of General Insurance Corporation of India IPO (GIC RE IPO):

Citigroup Global Markets India Private Limited
1202, First International Financial Centre, G-Block
Bandra Kurla Complex Mumbai 400 098
Tel: (91 22) 6175 9999  Fax: (91 22) 6175 9961
E-mail: gic.ipo@citi.com
Investor grievance e-mail: investors.cgmib@citi.com

Axis Capital Limited
1st Floor Axis House C-2, Wadia International Centre,
Pandurang Budhkar Marg, Worli, Mumbai 400 025
Tel: (91 22) 4325 2183  Fax: (91 22) 4325 3000
E-mail: gic.ipo@axiscap.in
Investor grievance e-mail: complaints@axiscap.in

Deutsche Equities India Private Limited
The Capital, 14th floor
C -70, G Block, Bandra Kurla Complex
Mumbai 400 051
Tel: (91 22) 7180 4444  Fax: (91 22) 7180 4199
E-mail: gicofindia.ipo@db.com
Investor grievance e-mail:  db.redressal@db.com

HSBC Securities and Capital Markets (India) Private Limited
52/60, Mahatma Gandhi Road
Fort Mumbai 400 001
Tel: (91 22) 2268 5555  Fax: (91 22) 2263 1284
E-mail: gicreipo@hsbc.co.in
Investor grievance e-mail: investorgrievance@hsbc.co.in

Kotak Mahindra Capital Company Limited
1st Floor, 27 BKC, Plot No. 27 G Block Bandra Kurla
Complex, Bandra (East) Mumbai 400 051
Tel: (91 22) 4336 0000 Fax: (91 22) 6713 2447
E-mail: gicre.ipo@kotak.com
Investor grievance e-mail: kmccredressal@kotak.com

REGISTRAR TO THE OFFER of General Insurance Corporation of India IPO (GIC RE IPO):

Karvy Computershare Private Limited
Karvy Selenium, Tower B Plot number 31 & 32
Gachibowli, Financial District, Nanakramguda
Hyderabad 500 032
Tel: (91 40) 6716 2222  Fax: (91 40) 2343 1551
E-mail: gic.ipo@karvy.com
Investor grievance e-mail: einward.rti@karvy.com

General Insurance Corporation of India IPO (GIC RE IPO) Draft Red Herring Prospectus (DRHP):

General Insurance Corporation of India (GIC RE) IPO Prospectus

Red Herring Prospectus (RHP) Of General Insurance Corporation of India IPO (GIC RE IPO):

General Insurance Corporation of India (GIC RE) IPO Prospectus

Day Wise General Insurance Corporation of India IPO (GIC RE IPO) Subscription Figures:

General Insurance Corporation of India (GIC RE) IPO Subscription Details
CategoryTotal Quota
(No. of Shares offered)
Subscription (No. of times Subscribed)
Day 1Day 2Day 3
Qualified Institutional Buyers (QIBs)622779001.551.68
Non Institutional Investors (NIIs) 18683371 0.01 0.02
Retail435945320.06 0.16
Employees 1441970.13 0.42
Total124700000 0.800.90

General Insurance Corporation of India IPO (GIC RE IPO) Allotment and Listing Dates Schedule:

  • 11/Oct/17 – Bid/Offer Opening Date
  • 13/Oct/17 – Bid/Offer Closing Date
  • 18/Oct/17 – Finalisation of Basis of Allotment
  • 23/Oct/17 – Unblocking of Funds from ASBA Account
  • 24/Oct/17 – Credit of Equity Shares to Demat Account
  • 25/Oct/17 – Commencement of Trading on NSE/BSE

* To Be Updated

General Insurance Corporation of India IPO (GIC RE IPO) Grey Market Premium (GMP):

Current Grey Market Premium (GMP) Of General Insurance Corporation of India (GIC RE) IPO is trading at a discount of Rs 20 – Rs 25 per equity share. Subject To Sauda is trading at Rs 2100 Per Application.

How To Check General Insurance Corporation of India IPO (GIC RE IPO) Application Status:

To clear that doubt and to check General Insurance Corporation of India (GIC RE) IPO  application status just use the below links and you can check it as follow:

Check General Insurance Corporation of India (GIC RE) IPO Application Status at BSE:  BSE Website

Check General Insurance Corporation of India (GIC RE) IPO Application Status at NSE NSE Website

To Check General Insurance Corporation of India IPO (GIC RE IPO) Application Status:

  1. Click on Links provided above
  2. Select General Insurance Corporation of India IPO (GIC RE IPO) from the drop Down Menu.
  3. Provide your PAN Number.
  4. Provide your Application Number.
How To Check General Insurance Corporation of India IPO (GIC RE IPO) Allotment Status:

To Check General Insurance Corporation of India (GIC RE) IPO Allotment Status : Click Here

  1. Select General Insurance Corporation of India IPO (GIC RE IPO) from the first drop Down Menu
  2. Select PAN Card from the second drop Down Menu
  3. Provide your PAN Number.

Market Update:

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Prataap Snacks Ltd (PSL) IPO Grey Market Premium (GMP) is trading between Rs 230 – Rs 240 per equity share.

Godrej Agrovet Ltd IPO (GAL IPO) bidding going to start from October 04, 2017 – October 06, 2017.

While Godrej Agrovet Ltd (GAL) IPO Grey Market Premium (GMP) is trading between Rs 110 – Rs 120 per equity share.

Now MAS Financial Services Ltd IPO (MFSL IPO) is going to hit market from  October 06, 2017 – October 10, 2017.

While MAS Financial Services Ltd (MFSL) IPO Grey Market Premium (GMP) is trading between Rs 160 – Rs 170 per equity share.

Indian Energy Exchange Ltd IPO (IEX IPO) is also going to be active from October 09,2017 – October 11,2017.

While Indian Energy Exchange Ltd (IEX) IPO Grey Market Premium (GMP) is not trading as of now.

General Insurance Corporation of India IPO (GIC RE IPO) is going to be active from October 11,2017 – October 13,2017.

Some SME IPO will also be active in market in coming week.

This year we can see some good IPO hitting market like NSE Ltd IPOHDFC Standard life insuranceSBI life insurance IPO etc.

Keep watching this blog to keep yourself updated with all the news.

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