General Insurance Corporation (GIC) IPO Dates, Price Band, Market Lot Details


General Insurance Corporation (GIC) is coming up with 11500 crore ipo. GIC will be the 2nd highest as per ipo size after Coal India. They are coming with 12,47,00,000 shares at a price band of Rs.855-912. GIC IPO to start from 11 October and will end on 13 October. The retail portion for the ipo is 35%. Lets see how investors will handle all this IPO and which one to subscribe as well. As per GIC on should subscribe with a longterm view.

General-Insurance-Corporation

General Insurance Corporation (GIC) IPO Review:

  • Apply with Long term view

General Insurance Corporation (GIC) IPO Dates & Price Band: (Approx)

  • IPO Open: 11-October-2017
  • IPO Close: 13-October-2017
  • IPO Size: Approx Rs. 11500 Crore (Approx)
  • Face Value: Rs. 5 Per Equity Share
  • Price Band: Rs. 855 to 912 Per Share
  • Listing on: BSE & NSE
  • Retail Portion: 35%
  • Equity: 12,47,00,000 Shares

General Insurance Corporation (GIC) IPO Market Lot:

  • Shares: Apply for 16 Shares (Minimum Lot Size)
  • Amount: Rs.14592

General Insurance Corporation (GIC) IPO Allotment & Listing:

  • Basis of Allotment: 18-October
  • Refunds: 23-October
  • Credit to demat accounts: 24-October
  • Listing: 25-October

General Insurance Corporation (GIC) Financial:
Just look at PAT which looks impressive. Its increasing yoy. Compare to 2013 its been in increased 20% while around 8% compare to 2016 in 2017. They have good assets worth 48.5k crore increased around 80% compare to 2013 while 20% increased compare to 2016. The revenues also increased yoy. GIC has good improved results but one can expect a long term gain for sure.

      Financial Results (Rs. in Crore)
2017 2016 2015 2014 2013
Assets 48527 40638 43099 33201 28139
Revenue 3644 3234 3100 2699 2511
PAT 2858 2655 2803 2322 2289

Company Promoters:

  • President of India

Quick Links:
DRHP Draft Prospectus

General Insurance Corporation (GIC) IPO Registrar:
Karvy Computershare Private Limited
Phone: +91-40-23312454
Fax: +91-40-23311968
Email: [email protected]
Website: http://karisma.karvy.com

General Insurance Corporation (GIC) IPO Lead Managers:

  • 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

Company Address:
General Insurance Corporation of India
‘Suraksha’ 170, J Tata Road, Churchgate, Mumbai 400 020
Phone: + (91 22) 2286 7000
Fax: + (91 22) 2288 4010
Email: [email protected]
Website: http://www.gicofindia.com

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