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General Insurance Corporation IPO Details

Issue Open Oct 11, 2017
Issue Close Oct 13, 2017
IPO Price ₹912
Face Value ₹5
IPO Size ₹11,175.84 Cr
Listing At BSE, NSE
IPO Lot Size 16

General Insurance Corporation IPO Date & Price

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

General Insurance Corporation IPO timetable / schedule is as below:
  • Bid/Offer Opens On: Oct 11, 2017
  • Bid/Offer Closes On: Oct 13, 2017
  • Finalization of Basis of Allotment: Oct 18, 2017
  • Initiation of refunds: Oct 23, 2017
  • Credit of Equity Shares: Oct 24, 2017
  • Listing Date: Oct 25, 2017

General Insurance Corporation IPO price is set at ₹912 per equity share.

General Insurance Corporation IPO will close for subscription at 5 PM on Oct 13, 2017. But most brokers stop accepting application between 1 PM to 3 PM.

The General Insurance Corporation IPO starts on Oct 11, 2017. The issue ends on Oct 13, 2017.

General Insurance Corporation IPO Issue Size and Subscription Status

The General Insurance Corporation IPO size is 124700000 Equity Shares of ₹5 aggregating up to ₹11,175.84 Cr.

General Insurance Corporation of India is selling its shares to the public through an Initial Public Offer (IPO). Retail investors can apply online for General Insurance Corporation IPO shares through the banks (using ASBA) or through the broker (using UPI).

General Insurance Corporation IPO Offer Size

Qualified Institutional Buyers (QIB)62,277,900 Shares
Non-Institutional Investors (NII)18,683,371 Shares
Retail Individual Investor (RII)43,594,532 Shares
Employee Reservations144,197 Shares
Other Reservations0 Shares
Total Issue Size124,700,000 Shares

General Insurance Corporation IPO IPO Subscription Status

Qualified Institutional Buyers (QIB)2.25 times times
Non-Institutional Investors (NII)0.22 times times
Retail Individual Investor (RII)0.63 times times
Employee Reservations0.94 times times
Other Reservations times
Total Issue Size1.38 times times

Click here to check the General Insurance Corporation IPO live subscription status.

If you have a demat account, most banks offer the online IPO application. You could also contact your broker to apply in General Insurance Corporation IPO.

Zerodha, the largest stockbroker in India, offers an online IPO application. You can apply for an IPO online with Zerodha by visiting https://zerodha.com/ipo

You could check General Insurance Corporation IPO Grey Market Premium (GMP Rate) by visiting our IPO Grey Market Price (Message Board). Note that there is no official source of GMP Rate as it's a black market.

General Insurance Corporation IPO Allotment and Listing

The General Insurance Corporation IPO allot status will be available online on Oct 18, 2017. Check the General Insurance Corporation IPO Allotment Status here.

Click here to check General Insurance Corporation IPO Allotment Status.

General Insurance Corporation IPO listing Date is Oct 25, 2017. The regular trading starts at 10 AM on listing day.BSE and NSE allow a pre-open trading on listing day. This 45 minutes session starts at 9 AM and ends at 9:45 AM. This session allows buyers and sellers to place/ modify /cancel orders. The next 15 minutes are for price discovery and processing orders placed in the pre-open trading session. The General Insurance Corporation IPO listing date and time is published by the exchange in a circular.

Click here to view the General Insurance Corporation IPO Basis of Allotment.

It is hard to say at what price General Insurance Corporation IPO Shares will list. The price varies by the demand and supply of IPO shares on the day of listing.

The General Insurance Corporation IPO shares will list on Oct 25, 2017 at BSE, NSE.

General Insurance Corporation IPO - Should I apply?

Visit our IPO Analysis and Recommendations page to view IPO Notes from experts.

Sorry, we do not provide IPO recommendations. But we share a lot of information about General Insurance Corporation IPO which could help you with questions like General Insurance Corporation IPO buy or not? You should also read General Insurance Corporation IPO Analysis from experts and check the daily subscription status.

It actually depends on many factors. This includes company financials, segment outlook, market situation, issue pricing, the background of promoters, lead managers performance, company strengths, risks and oversubscription. You should read the prospectus document, IPO Analysis from experts and follow the subscriptions.

General Insurance Corporation IPO listing day gains are highly unpredictable as depends on many factors on the day listing. It depends on factors like the demand (IPO oversubscription), the market situation on the day of listing, Issue size etc.

Visit our IPO Performance Tracker to check the General Insurance Corporation IPO performance. The performance reports are available 1 day after listing.