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General Insurance Corporation of India IPO

General Insurance Corporation of India IPO

Issue Open

Oct 11, 2017

Price Band

₹ 855 - ₹ 912

Issue Size

₹ 11,372.64 Cr

Credit of Shares to Demat

-

Issue Close

Oct 13, 2017

Bid Lot

16

Listing Exchange

BSE, NSE

Cut off time for UPI Mandate Confirmation

-

Issue Type

Book Built Issue IPO

Minimum Order Quantity

16

Allotment Details

-

Face Value

Rs 5 Per Equity Share

Listing On

Oct 25, 2017

Refunds

-

About the company:

General Insurance Corporation of India is India’s largest reinsurance company in terms of gross premiums accepted in Fiscal year 2017.

Date of establishment: General Insurance Corporation of India was established in 1972.  

Product & Service Offering: General Insurance Corporation of India provides reinsurance and underwriting services. The company provides reinsurance across many business lines such as motor, fire, marine, agriculture, health etc.

Promoters of General Insurance Corporation of India Ltd.: The President of India is the promoter of the firm and acts through the Ministries.

Customer segment: The company offers its services to clients in retain consumers as well as corporates.

Objects of the Issue:

The Offer consists of fresh issue and offer for sale.

Offer for sale – The company will not receive any proceeds from offer for sale.

 

 Fresh issue – The company proposes to utilize the net proceeds from the fresh issue towards:

-       Augment capital base
-       General corporate purposes

Company Financials

 

 

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

 

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