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General Insurance Corporation of India IPO
MainboardRs 14,592 / 16 Shares
Offer Date:Oct 11, 2017 - Oct 13, 2017
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IPO Details
General Insurance Corporation of India IPO IPO is priced 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 company's equity shares will be listed on the Mainboard, and Karvy Computershare Private Limited is managing the issue as the registrar.
The IPO bidding period opened on 11 Oct, 2017, and closed on 13 Oct, 2017. The allotment results will be announced on 23 Oct, 2017, with a tentative listing date set for 25 Oct, 2017.
The total issue comprises 12,47,00,000 Equity Shares of Rs 5 aggregating up to Rs 11372.64 Cr, amounting to .
General Insurance Corporation of India IPO IPO Highlights
| IPO Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
|---|---|---|---|---|---|---|---|
| Oct 11, 2017 - Oct 13, 2017 | 25 Oct, 2017 | Rs 5 Per Equity Share | Rs 855 - Rs 912 Per Equity Share (Rs 45 discount to RII and Eligible Employee) | - | Shares | - | NSE, BSE |
General Insurance Corporation of India IPO IPO Timeline
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IPO Open Date
11 Oct, 2017
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IPO Close Date
13 Oct, 2017
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Basis of Allotment
23 Oct, 2017
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Listing Date
25 Oct, 2017
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 LimitedMarket Lot
16 Shares (Rs 14,592/-)Lead 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 CrRetail Portion
N/ASubscription
1.37 timesIPO Docs
About Company
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General Insurance Corporation of India IPO 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 |
Total No. of Applications:
General Insurance Corporation of India IPO IPO - Issue Objectives
- Offer for SaleCorporation will not receive any proceeds from the Offer for Sale.
- Fresh Issue(i) Augmenting the capital base of the Corporation to support the growth of their business and to maintain current solvency levels(ii) General corporate purposes.