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General Insurance Corporation of India IPO (General Insurance Corporation IPO) Detail

Oct 11, 2017 - Oct 13, 2017

Incorporated in 1972, General Insurance Corporation of India is the largest reinsurance company in India in terms of gross premiums. They provides various general insurance products like property, energy, marine, engineering, miscellaneous, aviation-hull/spares-rotor wing, aviation-hull/spares-fixed wing, liability, aviation treaty–hull, spares and liability insurance products. They also offers cargo and offshore energy, motor, life, agriculture, space, health, credit and financial insurance.

They offers reinsurance solutions for the Afro-Asian region and reinsurance programs in South East Asia, the Middle East and Africa. They develop their overseas business through their home office in Mumbai, branch offices in London, Dubai and Kuala Lumpur, a representative office in Moscow, a subsidiary in the United Kingdom that is a member of Lloyd’s of London and a
subsidiary in South Africa.

Competitive Strengths

1. Leader in Indian reinsurance industry with 44 years of experience
2. International presence
3. Diversified product portfolio and revenue streams
4. Strong financial track record and a strong balance sheet
5. Experienced management team

Company Promoters:

The Promoter of the company is President of India, acting through the Ministry of Finance.

Company Financials:

Summary of financial Information (Consolidated)
Particulars For the year/period ended (in Rs. million)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 485,269.54 406,375.76 430,986.15 332,005.86 281,390.59
Total Revenue 36,441.79 32,340.78 30,995.34 26,985.09 25,111.20
Profit After Tax 28,578.52 26,549.18 28,026.85 23,218.42 22,888.64

Objects of the Issue:

The Offer comprises of the Fresh Issue and the Offer for Sale.

1. Offer for Sale

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

2. Fresh Issue

Corporation proposes to utilize the Net Proceeds from the Fresh Issue towards:
(i) Augmenting the capital base of the Corporation to support the growth of their business and to maintain current solvency levels; and
(ii) General corporate purposes.

General Insurance Corporation IPO Details

IPO DateOct 11, 2017 - Oct 13, 2017
Issue TypeBook Built Issue IPO
Issue Size124,700,000 Eq Shares of ₹5
(aggregating up to ₹11,175.84 Cr)
Fresh Issue17,200,000 Eq Shares of ₹5
(aggregating up to ₹[.] Cr)
Offer for Sale107,500,000 Eq Shares of ₹5
(aggregating up to ₹[.] Cr)
Face Value₹5 Per Equity Share
IPO Price₹855 to ₹912 Per Equity Share
Retail DiscountRs 45
Employee DiscountRs 45
Market Lot16 Shares
Min Order Quantity16 Shares
Listing AtBSE, NSE

General Insurance Corporation IPO Tentative Date / Timetable

Bid/Offer Opens OnOct 11, 2017
Bid/Offer Closes OnOct 13, 2017
Finalisation of Basis of AllotmentOct 18, 2017
Initiation of RefundsOct 23, 2017
Credit of Shares to Demat AcctOct 24, 2017
IPO Shares Listing DateOct 25, 2017

General Insurance Corporation IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum116₹14,592
Maximum13208₹189,696

General Insurance Corporation IPO Subscription Status (Bidding Detail)

General Insurance Corporation IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Employee

Total

Shares Offered

62,277,900

18,683,371

43,594,532

144,197

124,700,000

Oct 13, 2017 20:50

2.25x

0.22x

0.63x

0.94x

1.38x

General Insurance Corporation IPO Prospectus

General Insurance Corporation IPO Rating

1094
4.0
Rating:Rated 4.0 stars

Vote Here ...

General Insurance Corporation IPO Listing Date

Listing DateWednesday, October 25, 2017
BSE Script Code540755
NSE SymbolGICRE
Listing InB
ISININE481Y01014
IPO Price₹912 Per Equity Share
Face Value₹5 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹912.00
₹850.00
₹780.25
₹895.00
₹870.40
4,382,003
NSE
₹912.00
₹850.00
₹780.00
₹899.00
₹874.30
27,556,221

General Insurance Corporation IPO Reviews / Ratings

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Company Contact Information

General Insurance Corporation of India
‘Suraksha’ 170, J Tata Road,
Churchgate,
Mumbai 400 020

Phone: + (91 22) 2286 7000
Email: investors.gic@gicofindia.com
Website: http://www.gicofindia.com

General Insurance Corporation IPO Registrar

Karvy Computershare Private Limited
   Karvy Registry House, 8-2-596, St. No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Email: gic.ipo@karvy.com
Website: https://karisma.karvy.com/

General Insurance Corporation IPO FAQs

  1. 1. What is General Insurance Corporation IPO?

    General Insurance Corporation IPO is a main-board IPO of 124,700,000 equity shares of the face value of ₹5 aggregating up to ₹11,175.84 Crores.

    The issue price of the IPO is ₹855 to ₹912 Per Equity Share. The minimum order quantity is 16 Shares per application and the offer type is Book Built Issue.

    The IPO opens on Oct 11, 2017 and closes on Oct 13, 2017.

    Karvy Computershare Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. 2. When General Insurance Corporation IPO will open?

    The General Insurance Corporation IPO opens on Oct 11, 2017 and closes on Oct 13, 2017.

  3. 3. How to apply for General Insurance Corporation IPO?

    General Insurance Corporation IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When General Insurance Corporation IPO allotment?

    The finalization of Basis of Allotment for General Insurance Corporation IPO will be done on Oct 18, 2017, and the allotted shares will be credited to your demat account by Oct 24, 2017. Check the General Insurance Corporation IPO allotment status.

  5. 5. When is General Insurance Corporation IPO listing date?

    The General Insurance Corporation IPO listing date is on Wednesday, October 25, 2017, at BSE, NSE.
  6. 6. What is the lot size of General Insurance Corporation IPO?

    General Insurance Corporation IPO lot size is 16 Shares and the minimum order quantity is 16 Shares.

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General Insurance Corporation IPO Review / Comments

Ketan bhatt
1484. Ketan bhatt  Nov 28, 2017 00:22
Sir gic me bahot loss ho Raha he.... profit Hoga ya fir loss book karlu?
GAGAN GUPTA
1483. GAGAN GUPTA  Nov 21, 2017 11:01
sie pls suggest hold or sell
yazoo
1482. yazoo  Nov 20, 2017 11:22
1 HDFC Standard Life Insurance Company Limited 290 353.45
2 Khadim India Limited 750 673.60
3 The New India Assurance Company Limited 800 670.55
4 Mahindra Logistics Limited 429 417.05
5 Reliance Nippon Life Asset Management Limited 252 275.75
6 General Insurance Corporation Of India 912 800.30
7 Indian Energy Exchange Limited 1650 1512.55
8 MAS Financial Services Limited 459 589.95
9 Godrej Agrovet Limited 460 542.50
Gorment chor hai lol !!
Ram bharose
1481. Ram bharose  Nov 14, 2017 03:08
Excellent set of numbers! I won''t be surprised if it gains 10% today!
tnk
1481.1. tnk  Nov 14, 2017 09:42
Even five-fold increase in net profit have failed to enthuse this script, God knows how much increase market expects.
Paras securities and consultant pvt Ltd
1480. Paras securities and consultant pvt Ltd  Nov 10, 2017 19:35
Good Divided paying company.
strong Book value.
Strong financial track record and a strong balance sheet.
look good for long term.
Anupam
1479. Anupam  Nov 10, 2017 17:42
Guys where can one check subscription data ?
Rajkumar Bhuj
1478. Rajkumar Bhuj  Nov 10, 2017 13:14
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
There is some movement in the stock today. Its up 20 rupees. Maybe because of its upcoming result.
Super Trader
1477. Super Trader  Nov 3, 2017 08:49
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Due to low subscription of NIA issue, this stock might plunge under 800.
be careful , if you need money within a month.
Super Trader
1477.3. Super Trader  Nov 11, 2017 06:19
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
During NIA listing , it may cross 850... come out..... people commenting on attractive book value. but if you compare the re insurance companies globally, GIC is at high book value and not so attractive. for long term insurance companies are best bet than re insurance companies. one major calamity can bankrupt the company. that is why re insurance companies are near to it''s book value.
Vijendra
1477.4. Vijendra  Nov 13, 2017 12:37
today close will be around 860-880
BalIpo
1476. BalIpo  Nov 7, 2017 09:24
Gic price on free fall because of no support from lic.
SonU Bhai
1475. SonU Bhai  Nov 6, 2017 19:38
koi isko bhi chala do... big bulls
dam
1474. dam  Nov 6, 2017 13:38
I was having 2 lots (224 each). Sold today at 827 and booked losses of over 17,000Rs. Another NHPC/SJVN. Guys go and sell this.
lokes
1474.1. lokes  Nov 6, 2017 14:29
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
i booked around 7K loss by selling at 820......
Villain
1474.2. Villain  Nov 28, 2017 14:22
Hike in price will be seen near March 2018.
lokes
1473. lokes  Nov 6, 2017 13:24
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
such a pathetic share.....going down daily from 4 days...its a lesson learned for future to avoid any greed.....that''s why not applied in NIA too....
Rajkumar Bhuj
1472. Rajkumar Bhuj  Oct 30, 2017 13:04
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Sold as below
831 - 224
841 - 224

Kept limit of another 2 lots of 224 at increment of 10 rupees each.
Rajkumar Bhuj
1472.18. Rajkumar Bhuj  Nov 7, 2017 08:49
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
It seems to have a support level around 820. Its bounced back today and is at 828 now. If it goes to 835+, I will sell 1 lot of 224 out of 3 that I hold.
lokes
1472.19. lokes  Nov 7, 2017 14:33
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
i sold my remaining 110 shares at 820 rs all.....got over from this GIC....
amit punjabi
1471. amit punjabi  Nov 3, 2017 19:46
Only positive sign is result on 13th Nov..! Hopefully.
Murla
1470. Murla  Nov 3, 2017 19:18
Struck in, what will be scene when NIA list in discount
Kartikdevd
1469. Kartikdevd  Nov 2, 2017 16:57
After observing NEW INDIA ASSURANCE subscription figure, GIC RE''s credit score is improved in investors heart. 0 times/0% employee had applied in New India where as in GIC RE it was 1times/100%.
Paada ravindrang
1468. Paada ravindrang  Nov 2, 2017 14:17
Massive fall in price of GIC will be seen after 3rd November. Expect to stabilize around 775 (+ - 5%).
lokes
1467. lokes  Nov 2, 2017 13:50
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
very low volumes today so less movement.....dont know which side it will breakout....
yazoo
1466. yazoo  Nov 2, 2017 12:35
GIC holding firm at 842 to 848...under 850
yazoo
1465. yazoo  Nov 2, 2017 10:51
Learn your lessons from GIC Govt bid more that a billion $ or 8000cr for GIC and a billion $ or 6.5 crore on NIC using LIC small investor Money to entrap even more small investors ..

Those that entered under Rs 800 on 25 oct could have exited and entered at least twice and made a killing .. someone with insider info must have !!








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