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General Insurance Corporation of India IPO

Add to Calendar 2017-10-11 12:00 AM 2017-10-13 12:00 AM Asia/Kolkata General Insurance Corporation of India IPO General Insurance Corporation of India IPO India

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

 

Issue Detail

  • Issue Open: Oct 11, 2017
  • Issue Close: Oct 13, 2017
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 5 Per Equity Share
  • Price Band: Rs 855 - Rs 912 Per Equity Share
  • Bid Lot:16 Shares
  • Minimum Order Quantity:16 Shares
  • Listing At: BSE, NSE
  • Issue Size: Rs 11,372.64 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total

Listing Day Trading Information

- BSE NSE
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