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 |
Number of Times Subscribed (BSE + NSE) | |||||||
---|---|---|---|---|---|---|---|
As on Date & Time | QIB | NII | RII | Employee | Others | Total | |
Shares Offered / Reserved | 62,277,900 | 18,683,371 | 43,594,532 | 144,197 | - | 124,700,000 | |
Day 1 - Oct 11, 2017IST | 1.5500 | 0.0100 | 0.0600 | 0.1300 | - | 0.8000 | |
Day 2 - Oct 12, 2017IST | 1.6800 | 0.0200 | 0.1600 | 0.4200 | - | 0.9000 | |
Day 3 - Oct 13, 2017IST | 2.2500 | 0.2200 | 0.6300 | 0.9400 | - | 1.3800 |
- | BSE | NSE |
---|---|---|
Issue Price | Rs 912.00 | Rs 912.00 |
Open | Rs 850.00 | Rs 850.00 |
Low | Rs 780.25 | Rs 780.00 |
High | Rs 895.00 | Rs 899.00 |
Last Trade | - | Rs 874.30 |
Volume | - | 27,556,221 |