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
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

Listing Day Trading Information

- 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

General Insurance Corporation of India IPO User Rating

Votes
0

General Insurance Corporation of India IPO Life IPO Reviews

General Insurance Corporation of India IPO IPO News & Updates

Frequently Asked Questions

Yes, you can always trade an IPO through a discount broker. Buying & selling an IPO becomes very easy once the trading and the demat account are set up appropriately.
Following are the benefits in buying and selling an IPOs through a discount broker. Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors. Better Trading Platform: Usually discounts brokers don’t provide a good trading platform and experience but there are few discounts brokers like Samco, who are now focussing on delivering a world class trading platform and top notch user experience. Therefore narrowing down the gap between discount brokers and full service brokers.
Technically Speaking, SEBI has made mandatory to buy an IPO through ASBA channel but there is no regulation on how any investor can sell an IPO allotted shares. Therefore, smart investors can always sell IPO allotted shares through a discount broker

Comments

Start IPO Trading through SAMCO

Don't have a Trading Account !!!
Open an account with Samco and Do IPO Trading for Just Rs 20. For more details, share your contact details with us