General Insurance Corporation of India IPO Message Board (Page 73)

45 Rs Discount is given to retail investor, thats a main difference beteween GIC and ICICIL & SBILIFE.
Everyone Should Apply in all account to get Listing benefit

Yes, This is a great Deepawali gift by the Govt. One should apply Full 2 Lacs as the size is also big. instead of applying 15000 for a small IPO and getting allotment once in a year (after applying 15 differnt IPos), its better to apply full 2 lacs and get atleast 50K to -1 Lac or even full allotment and enjoy 5% retail discount.

One should start arranging funds to apply full.

Latest gre market all four IPO

Guptaji, Thanks a LOT for these two proper suggestions....

At 25 PE, GIC IS AVAILABLE AT A DECENT DISCOUNT TO SBILIFE, ICICI LOMBARD AND ICICI PRU. BESIDES, 5% DISCOUNT TO RETAIL IS A VERY BIG CUSHION. NO LARGE IPO FROM PUBLIC SECTOR HAS LISTED IN DISCOUNT AT DAY 1. I M TALKING ABOUT LARGE IPO. CONSIDERING 5% DISCOUNT AND BIG SIZE, WE SHOULD APPLY FULL 2 LAC AT CUT OFF. DONT FALL IN TRAP OF GREY. APPLY WITH FULL FORCE.

If I apply for this IPO at lower price band, and if retail quota is undersubscribed but overall subscription is more than 1X, then will I get allotment at lower price? I am asking whether the priority is given to category or the bid price?

i think all shares will be allot at higher price band after consider discount to retailers .

It''s bid price first then Category.

Overall Highest bids get alloted first. That is to say that cut off price is decided considering all bids across categories. Any bidders below cut off is not allotted shares.

Only retail can apply at cut off ie a retail bidder applying at cut off will be entitled to allotment at what ever price the shares are issued.

Therefore bidding at cut off is the best case scenario for retail bidders

Is this shares are good for long term ? Or mid term ? I want to accumulate for my retirement plan

Very few Indian companies or may be no one has this ranking in Financial and related sectors to have that stature globally...

It is the world 12th largest reinsurance co ltd..there is no point of comparing with Icici Lombard, SBI Life, pru..these are not even close..
https://www.google.co.in/amp/m.timesofindia.com/business/india-business/gic-re-moves-up-two-slots-in-world-reinsurance-rankings/amp_articleshow/60757226.cms

शेयर सबको मिलेगा
बस खरीदार नहीं मिलेगा
अब सरकार की बारी है
बोरिया बिस्तर लपेट लो
ठगी का दौर शुरू हो गया
बेडा गर्क ठंडी सड़क

I think, you don''t know that COAL INDIA listed at premium .

I know coal India
But also remmember nmtc,sci ,moil etc
,

Though there is a discount of 45/- for retail investors, yet 912-45=867 is still more than the minimum bid amount of 855 for big bidders other than retail investors. In Cochin Shipyard such difference was not there.

WHAT ABOUT RETAILER''S DISCOUNT

WHERE IS MENTIONED DISCOUNT

912-45=867 will be the net cut-off amount after said discount of 45/-.
It will be available while applying for IPO application.

Basic EPS & RoNW on consolidatated basis
Year - EPS - RoNW
2017 - Rs.36.52 - 19.78%
2016 - Rs.32.83 - 16.41%
2015 - Rs.33.62 - 15.88%
so PE-24.97@912 & 23.74@867

Just done with some preliminary analysis , came up with following data @ price of INR 915
Top line Growth = 12%
Bottom line Growth = 8.8%
Asking PE on FY18 estimate = 24.5x
P/B = 4.03

Preliminary it seems pricey but it is not, with 4000 cr asking from Retail, it will give confirm allotment(rather it may remain under-subscribed) and stabilize your portfolio

Just Check this You Never Feel this is Expensive in the Last 17 Year it is almost 10 time Their Revenue and Profit so never compare this with ICICI Lombard or any other Company Becoz it is Reinsurance Company

https://www.gicofindia.com/en/financialls/over-the-yearrs

You are right Mr. Dinesh. GIC is BAAP of all insurance companies.

While its a great company, the price may be stretched and the sentiment too isn''t in favour of the insurance companies.

GMP (-10)... Not sure if discount is factored into the price.

GIC IS GREAT IPO. A BIT OVESTREACHED. BUT IF YOU SEE THE VALUATIONS OF ICICI LOMBARD , ICICI PRU AND SBI LIFE, IT IS AVAILABLE AT LEAST 10% CHEAP. CONSIDERING RETAIL QUOTA OF 27 LAC SMALL APPLICATIONS, WE SHOULD APPLY FULL 2 LAC APPLICATIONS

Mr
Athar, when you apply for an amount exceeding 2 LAC , you automatically becomes HNI. But allotment chances are significantly lower in HNI category. However, a lot of leverage players with borrowed funds apply in HNI category. For us it''s not beneficial

After a long time Guptajii ..welcome...

Abhi. 4 insurance companies ipo. Yet to come. HDFC. ORIENTAL Insurance. United India Insurance New India

I think retail kota will. Not subscribe fully in this ipo. 27 lakhs Applications for full. Kota. If it breaks 21 lakhs applications record of Cochin .shipyard. then fully possible

General Insurance Company Limited
Issue Dates – 11 October to 13 October
Price Band - Rs 855 to Rs 912
Retail Discount and Employee Discount - Rs 45
Bid Lot – 16 shares

Retail investors, let us avoid this insurance issue. I do not think that this issue also will give some listing gains to us. All insureres have cheated us. Icici pru, icici lombard, sbi life etc. I will not apply. One small advice to retail investors. In case you apply and get allottment, try to exit on listing day. Dont wait for unlimited profit otherwise you may end up in huge losses in case NIFTY goes below 9000. Which is very much possible in November.

@ipo jackpot u r thinking too much for nifty tgt. its my view.

Kosak started at 700 rs ......but 2200 per sauda llittle bi confusing as i know every applicant will get allotment....by this way gmp must statt near to 140 rs

it is on 2Lac Application sir