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
Issue Price
Open
Low
High
Last Trade
Volume