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

October 11, 2017 - October 13, 2017

General Insurance Corporation IPO is a book built issue of Rs 11,175.84 crores. The issue is a combination of fresh issue of 1.72 crore shares and offer for sale of 10.75 crore shares.

General Insurance Corporation IPO bidding started from October 11, 2017 and ended on October 13, 2017. The allotment for General Insurance Corporation IPO was finalized on Wednesday, October 18, 2017. The shares got listed on BSE, NSE on October 25, 2017.

General Insurance Corporation IPO price band is set at ₹855 to ₹912 per share. The minimum lot size for an application is 16 Shares. The minimum amount of investment required by retail investors is ₹14,592.

The issue includes a reservation of up to 144,197 shares for employees offered at a discount of Rs 45 to the issue price.

Axis Capital Limited, Citigroup Global Markets India Private Limited, Deutsche Equities India Private Limited, Hsbc Securities & Capital Markets Pvt Ltd and Kotak Mahindra Capital Company Limited are the book running lead managers of the General Insurance Corporation IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to General Insurance Corporation IPO RHP for detailed information.

General Insurance Corporation IPO Details

IPO Date October 11, 2017 to October 13, 2017
Listing Date October 25, 2017
Face Value ₹5 per share
Price Band ₹855 to ₹912 per share
Lot Size 16 Shares
Total Issue Size124,700,000 shares
(aggregating up to ₹11,175.84 Cr)
Fresh Issue17,200,000 shares
(aggregating up to ₹[.] Cr)
Offer for Sale107,500,000 shares of ₹5
(aggregating up to ₹[.] Cr)
Retail Discount Rs 45 per share
Employee Discount Rs 45 per share
Issue Type Book Built Issue IPO
Listing At BSE, NSE

General Insurance Corporation IPO Reservation

General Insurance Corporation IPO offers 124,700,000 shares. 62,277,900 (49.94%) to QIB, 18,683,371 (14.98%) to NII, 43,594,532 (34.96%) to RII, 144,197 (0.12%) to employees. 2,724,658 RIIs will receive minimum 16 shares and (sNII) and (bNII) will receive minimum 224 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered62,277,900 (49.94%)NA
NII (HNI) Shares Offered18,683,371 (14.98%)
Retail Shares Offered43,594,532 (34.96%)2,724,658
Employee Shares Offered144,197 (0.12%)NA
Total Shares Offered124,700,000 (100%)

General Insurance Corporation IPO Timeline (Tentative Schedule)

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

IPO Open Date Wednesday, October 11, 2017
IPO Close Date Friday, October 13, 2017
Basis of Allotment Wednesday, October 18, 2017
Initiation of Refunds Monday, October 23, 2017
Credit of Shares to Demat Tuesday, October 24, 2017
Listing Date Wednesday, October 25, 2017
Cut-off time for UPI mandate confirmation 5 PM on October 13, 2017

General Insurance Corporation IPO Lot Size

Investors can bid for a minimum of 16 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 16 ₹14,592
Retail (Max) 13 208 ₹189,696
Lot Size Calculator

About General Insurance Corporation of India

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 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 (General Insurance Corporation IPO Objectives)

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 Review (May apply)

[Dilip Davda]  GIC IPO is the first mover in Re-insurance segment, hence going forward, it will create fancy, but considering fate of recent insurance sector IPO’s performance post listing and the mega size of this fully priced offer with wider chances of allotment, immediate rewards are unlikely. Hence cash surplus investors may consider moderate investment for long term. Read detail review...

General Insurance Corporation IPO Subscription Status (Bidding Detail)

The General Insurance Corporation IPO is subscribed 1.38 times on October 13, 2017 8:50:00 PM. The public issue subscribed 0.63 times in the retail category, 2.25 times in the QIB category, and 0.22 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

General Insurance Corporation IPO Prospectus

General Insurance Corporation IPO Rating

Rating:Rated 4.0 stars
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General Insurance Corporation IPO Listing Details

Listing Date October 25, 2017
BSE Script Code 540755
ISIN INE481Y01014
Final Issue Price ₹912 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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General Insurance Corporation of India Contact Details

General Insurance Corporation of India
�Suraksha� 170, J Tata Road,
Mumbai 400 020
Phone: + (91 22) 2286 7000

General Insurance Corporation IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

General Insurance Corporation IPO FAQs

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 is priced at ₹855 to ₹912 per share. The minimum order quantity is 16 Shares.

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

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

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

General Insurance Corporation IPO lot size is 16 Shares, and the minimum amount required is ₹14,592.

You can apply in General Insurance Corporation IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

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

The General Insurance Corporation IPO listing date is on October 25, 2017.
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General Insurance Corporation IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



1484. Ketan bhatt |   Link |  Bookmark |November 28, 2017 12:22:19 AM
Sir gic me bahot loss ho Raha he.... profit Hoga ya fir loss book karlu?
1483. GAGAN GUPTA |   Link |  Bookmark |November 21, 2017 11:01:43 AM
sie pls suggest hold or sell
1482. yazoo |   Link |  Bookmark |November 20, 2017 11:22:38 AM
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 !!
1481. Ram bharose |   Link |  Bookmark |November 14, 2017 3:08:55 AM
Excellent set of numbers! I won''t be surprised if it gains 10% today!
1481.1. tnk |   Link |  Bookmark |November 14, 2017 9:42:03 AM
Even five-fold increase in net profit have failed to enthuse this script, God knows how much increase market expects.
1480. Paras securities and consultant pvt Ltd |   Link |  Bookmark |November 10, 2017 7:35:34 PM
Good Divided paying company.
strong Book value.
Strong financial track record and a strong balance sheet.
look good for long term.
1479. Anupam |   Link |  Bookmark |November 10, 2017 5:42:36 PM
Guys where can one check subscription data ?
1478. Rajkumar Bhuj |   Link |  Bookmark |November 10, 2017 1:14:03 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
There is some movement in the stock today. Its up 20 rupees. Maybe because of its upcoming result.
1477. Super Trader |   Link |  Bookmark |November 3, 2017 8:49:36 AM (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.
1477.3. Super Trader |   Link |  Bookmark |November 11, 2017 6:19:15 AM (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.
1477.4. Vijendra |   Link |  Bookmark |November 13, 2017 12:37:26 PM
today close will be around 860-880
1476. BalIpo |   Link |  Bookmark |November 7, 2017 9:24:49 AM
Gic price on free fall because of no support from lic.
1475. SonU Bhai |   Link |  Bookmark |November 6, 2017 7:38:01 PM
koi isko bhi chala do... big bulls
1474. dam |   Link |  Bookmark |November 6, 2017 1:38:39 PM
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.
1474.1. lokes |   Link |  Bookmark |November 6, 2017 2:29:41 PM
IPO Guru IPO Guru (4300+ Posts, 5100+ Likes)
i booked around 7K loss by selling at 820......
1474.2. Villain |   Link |  Bookmark |November 28, 2017 2:22:45 PM
Hike in price will be seen near March 2018.
1473. lokes |   Link |  Bookmark |November 6, 2017 1:24:00 PM
IPO Guru IPO Guru (4300+ Posts, 5100+ 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....
1472. Rajkumar Bhuj |   Link |  Bookmark |October 30, 2017 1:04:21 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Sold as below
831 - 224
841 - 224

Kept limit of another 2 lots of 224 at increment of 10 rupees each.
1472.18. Rajkumar Bhuj |   Link |  Bookmark |November 7, 2017 8:49:34 AM
IPO Mentor IPO Mentor (600+ Posts, 400+ 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.
1472.19. lokes |   Link |  Bookmark |November 7, 2017 2:33:40 PM
IPO Guru IPO Guru (4300+ Posts, 5100+ Likes)
i sold my remaining 110 shares at 820 rs over from this GIC....
1471. amit punjabi |   Link |  Bookmark |November 3, 2017 7:46:38 PM
Only positive sign is result on 13th Nov..! Hopefully.
1470. Murla |   Link |  Bookmark |November 3, 2017 7:18:16 PM
Struck in, what will be scene when NIA list in discount
1469. Kartikdevd |   Link |  Bookmark |November 2, 2017 4:57:51 PM
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%.
1468. Paada ravindrang |   Link |  Bookmark |November 2, 2017 2:17:22 PM
Massive fall in price of GIC will be seen after 3rd November. Expect to stabilize around 775 (+ - 5%).
1467. lokes |   Link |  Bookmark |November 2, 2017 1:50:57 PM
IPO Guru IPO Guru (4300+ Posts, 5100+ Likes)
very low volumes today so less movement.....dont know which side it will breakout....
1466. yazoo |   Link |  Bookmark |November 2, 2017 12:35:54 PM
GIC holding firm at 842 to 848...under 850
1465. yazoo |   Link |  Bookmark |November 2, 2017 10:51:03 AM
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 !!