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bangalore king's Comments

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2. bangalore king  Oct 14, 2017 1:32:35 AM IST Reply

General Insurance Corporation of India IPO

As of 8 pm, 73% of total GIC bids are placed by Domestic financial institutions.

Price      Cumulative Quantity

Cut-Off      23153872

912      166,814,048



and IPO size was 124,700,000 Equity Shares..

source:
https://www.nseindia.com/products/content/equities/ipos/ipo_bid_data.htm?symbol=GICRECUMU=nsebse

Around 97% of total bidding done for GIC is done at upper band.. only 3% did at price lower than that..

so it will get fixed at upper price band.
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1. bangalore king  Oct 13, 2017 4:17:36 PM IST Reply

General Insurance Corporation of India IPO

GIC at 3 pm:-
Q      N      R
2.01      0.121      0.393

So tight slap on Govt.. out of so far bidding done both NSE and BSE , domestic institutions have done 82% of that.. hope they go back to drawing board and think better statergy how to do better in upcoming IPOs like IRCTC and all.
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3.2. Arup jamshed  Oct 13, 2017 4:53:47 PM IST
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3.3. Arup jamshed  Oct 13, 2017 4:54:33 PM IST

General Insurance Corporation of India IPO

This is result of greedy FM n as well as Govt strategy ,they think name is important but investors r not fool at all ,so govt manage so difficult there image on listing day.agree with big slap on the face of Govt.
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