General Insurance Corporation of India IPO
Mainboard
₹ 14592 /16 Shares
11 Oct, 2017
Open Date13 Oct, 2017
Close Date23 Oct, 2017
Allotment Date25 Oct, 2017
Listing DateIPO Issue Details
- Issue Price Rs 855 - Rs 912 Per Equity Share (Rs 45 discount to RII and Eligible Employee)
- Face Value Rs 5 Per Equity Share
- Issue Price 12,47,00,000 Equity Shares of Rs 5 aggregating up to Rs 11372.64 Cr
- Listing at NSE, BSE
- Lead Manager Axis Capital Limited, Citigroup Global Markets India Private Limited, Deutsche Equities India Private Limited, HSBC Securities & Capital Markets Pvt Ltd, Kotak Mahindra Capital Company Limited
- Registrar Karvy Computershare Private Limited
IPO Details
- Retail Portion N/A
IPO Details
The IPO of is priced at ₹855 - 912 per equity share, which has a face value of Rs 5 Per Equity Share each, IPO bidding starts from Oct 11, 2017 and ends on Oct 13, 2017. The allotment for IPO will be finalized on Oct 23, 2017. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Oct 25, 2017. The company shall list its equity shares on the NSE, BSE. Karvy Computershare Private Limited is the registrar of the issue.
The book-running lead manager for the IPO is/are Axis Capital Limited, Citigroup Global Markets India Private Limited, Deutsche Equities India Private Limited, HSBC Securities & Capital Markets Pvt Ltd, Kotak Mahindra Capital Company Limited.
The IPO sets its price band at 855 - 912 for each share. A single application for General Insurance Corporation of India IPO must contain at least 16 shares.
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IPO Subscription Analysis And Details
| As on | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 6,22,77,900 | 1,86,83,371 | 4,35,94,532 | 12,47,00,000 |
|
Day 1
11-10-17
|
1.56 x | 0.01 | 0.06 x | 0.79 x |
|
Day 2
12-10-17
|
1.67 x | 0.02 | 0.16 x | 0.89 x |
|
Day 3
13-10-17
|
2.25 x | 0.21 | 0.61 x | 1.37 x |
Valuations
IPO - Issue Objectives
Offer for SaleCorporation will not receive any proceeds from the Offer for Sale.
Fresh Issue(i) Augmenting the capital base of the Corporation to support the growth of their business and to maintain current solvency levels(ii) General corporate purposes.
IPO - FAQs
Ans. General Insurance Corporation of India IPO is a Mainboard IPO. The issue is priced at Rs 855 - Rs 912 Per Equity Share (Rs 45 discount to RII and Eligible Employee). The minimum order quantity is 16 Shares. The IPO opens on Oct 11, 2017, and closes on Oct 13, 2017. Karvy Computershare Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE, BSE.
Ans. The General Insurance Corporation of India IPO opens on Oct 11, 2017 and closes on Oct 13, 2017.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of General Insurance Corporation of India IPO is 12,47,00,000 Equity Shares of Rs 5 aggregating up to Rs 11372.64 Cr.
Ans. The General Insurance Corporation of India IPO price band is set between Rs 855 - Rs 912 Per Equity Share (Rs 45 discount to RII and Eligible Employee).
Ans. To apply for General Insurance Corporation of India IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find General Insurance Corporation of India IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of General Insurance Corporation of India IPO is Oct 23, 2017.
Ans. The General Insurance Corporation of India IPO will be listed on Oct 25, 2017.
Ans. Follow the steps to check the General Insurance Corporation of India IPO allotment status online.
