Chittorgarh.com Logo
Loading...

General Insurance Corporation IPO Subscription Details (Live Status)

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 Subscription Status Live

General Insurance Corporation IPO subscribed 1.38 times. The public issue subscribed 0.63 times in the retail category, 2.25 times in QIB, and 0.22 times in the NII category by Oct 13, 2017.

Investor CategorySubscription (times)
Qualified Institutions2.25
Non-Institutional Buyers0.22
Retail Investors0.63
Employees0.94
Others[.]
Total1.38

General Insurance Corporation IPO Subscription Details (times)

DateQIBNIIRetailEMPTotal

Day 1
Oct 11, 2017

1.55

0.01

0.06

0.13

0.80

Day 2
Oct 12, 2017

1.68

0.02

0.16

0.42

0.90

Day 3
Oct 13, 2017

2.25

0.22

0.63

0.94

1.38


General Insurance Corporation IPO Shares Offered

General Insurance Corporation IPO is a public issue of 124,700,000 equity shares. The issue offers 43,594,532 shares to retail investors, 62,277,900 shares to qualified institutional buyers, and 18,683,371 shares to non-institutional investors.

CategoryShares Offered%
QIB62,277,90049.94%
NII18,683,37114.98%
Retail43,594,53234.96%
Employee144,1970.12%
Total124,700,000100%

IPO Investor Categories

  • Qualified Institutional Buyers (QIB)

    Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.

  • Non-Institutional Investors(NII)

    Individual investors, NRIs, companies, trusts, etc who bid for more than Rs 2 lakhs are known as Non-institutional bidders or NII. They need not register with SEBI like QIIs.

  • Retail Individual Investors(RII)

    The retail individual investor or NRIs who apply up to Rs 2,00,000 in an IPO are considered as RII reserved category.

  • Employee (EMP)

    A category of eligible employees who have a reserved quota in the IPO.

  • Others

    A category of eligible shareholders or other investors who have a reserved quota in the IPO.

General Insurance Corporation IPO Subscription FAQs

The General Insurance Corporation IPO is subscribed 1.38 by Oct 13, 2017.

General Insurance Corporation IPO Subscription

Investor CategorySubscription (times)
Qualified Institutional2.25
Non Institutional0.22
Retail Individual0.63
Employee Reservations0.94
Others[.]
Total Subscription1.38

Retail category of General Insurance Corporation IPO subscribed 0.63 times as of date Oct 13, 2017. The public issue closes on Oct 13, 2017 for bidding.

An investor can apply in General Insurance Corporation IPO online via bank (using ASBA) or the broker (using UPI). The General Insurance Corporation IPO shares are offered online only.

The General Insurance Corporation IPO is subscribed 1.38 by Oct 13, 2017.

The General Insurance Corporation IPO allotment status is expected on or around Oct 18, 2017. Visit General Insurance Corporation IPO allotment status to check.

The General Insurance Corporation IPO listing date is Wednesday, October 25, 2017. The equity share of General Insurance Corporation of India will list on BSE, NSE.

Visit General Insurance Corporation IPO subscription status page for real-time bidding information about General Insurance Corporation IPO.

General Insurance Corporation IPO Timetable

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