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General Insurance Corporation of India IPO
MainboardRs 14,592 / 16 Shares
General Insurance Corporation of India IPO Details
The General Insurance Corporation of India IPO price band is set between Rs 855 - Rs 912 Per Equity Share (Rs 45 discount to RII and Eligible Employee), with a face value of Rs 5 per share. The issue is managed by Karvy Computershare Private Limited, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 11 Oct, 2017 and closes on 13 Oct, 2017. Investors can check the allotment status on 23 Oct, 2017, while the listing date is tentatively scheduled for 25 Oct, 2017.
The total issue size is 12,47,00,000 Equity Shares of Rs 5 aggregating up to Rs 11372.64 Cr, aggregating up to . Stay tuned for the latest General Insurance Corporation of India IPO review and GMP updates.
General Insurance Corporation of India IPO Review, Rating & Analysis
General Insurance Corporation of India IPO Review
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General Insurance Corporation of India IPO Highlights
IPO Date
Oct 11, 2017 - Oct 13, 2017
Listing Date
25 Oct, 2017
Face Value
Rs 5 Per Equity Share
Price Band
Rs 855 - Rs 912 Per Equity Share (Rs 45 discount to RII and Eligible Employee)
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
NSE, BSE
General Insurance Corporation of India IPO Lot Size
The minimum market lot for General Insurance Corporation of India IPO is 16 shares with an application amount of ₹720. Retail investors can apply for up to 277 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 16 | ₹720 |
| Retail (Max) | 277 | 4432 | ₹1,99,440 |
| S-HNI (Min) | 278 | 4448 | ₹2,00,160 |
| S-HNI (Max) | 1388 | 22208 | ₹9,99,360 |
| B-HNI (Min) | 1389 | 22224 | ₹10,00,080 |
General Insurance Corporation of India IPO Timeline
Issue Price
Rs 855 - Rs 912 Per Equity Share (Rs 45 discount to RII and Eligible Employee)Face Value
Rs 5 Per Equity ShareListing at Group
NSE, BSERegistrar
Karvy Computershare Private LimitedLead Manager
Axis Capital Limited, Citigroup Global Markets India Private Limited, Deutsche Equities India Private Limited, HSBC Securities & Capital Markets Pvt Ltd, Kotak Mahindra Capital Company LimitedIssue Size
12,47,00,000 Equity Shares of Rs 5 aggregating up to Rs 11372.64 CrPromoters & Share Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| N/A | N/A |
About Company
General Insurance Corporation of India IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 6,22,77,900 | 1,86,83,371 | 4,35,94,532 | 12,47,00,000 |
Day 1 -11-10-17 | 1.56 x | 0.01 | 0.06 x | 0.79 x |
Day 2 -12-10-17 | 1.67 x | 0.02 | 0.16 x | 0.89 x |
Day 3 -13-10-17 | 2.25 x | 0.21 | 0.61 x | 1.37 x |
Frequently Asked Questions about General Insurance Corporation of India IPO IPO
When will General Insurance Corporation of India IPO open for subscription?
The General Insurance Corporation of India IPO opens on 11 Oct, 2017 and closes on 13 Oct, 2017.
What is the investors portion for General Insurance Corporation of India IPO?
The investors' portion for QIB is 2.25 x, NII is 0.21, and Retail is 0.61 x.
How to apply for General Insurance Corporation of India IPO?
You can apply for General Insurance Corporation of India IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of General Insurance Corporation of India IPO?
The issue size of General Insurance Corporation of India IPO is approx ₹12,47,00,000 Equity Shares of Rs 5 aggregating up to Rs 11372.64 Cr crores.
What is the price band of General Insurance Corporation of India IPO?
The price band for General Insurance Corporation of India IPO is Rs 855 to ₹ Rs 912 Per Equity Share (Rs 45 discount to RII and Eligible Employee).
What is the lot size of General Insurance Corporation of India IPO?
The minimum bid (lot size) for General Insurance Corporation of India IPO is 16 shares with an investment of approx Rs 14,592 .
What is the allotment date of General Insurance Corporation of India IPO?
The allotment date for General Insurance Corporation of India IPO is 23 Oct, 2017.
What is the listing date of General Insurance Corporation of India IPO?
The listing date for General Insurance Corporation of India IPO is expected to be 25 Oct, 2017.
What is the GMP of General Insurance Corporation of India IPO?
The latest Grey Market Premium (GMP) for General Insurance Corporation of India IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.