General Insurance Corp of India (GIC of India) IPO : Date, Price, Allotment Status, Listing, Grey Market Premium


After SBI Life Insurance, now it is turn of State-owned reinsurance company General Insurance Corp. of India (GIC) which will soon come out with a public issue.

Recently the company filed its draft red herring prospectus (DRHP) with Securities and Exchange Board of India (SEBI).

The company is soon coming out with an Initial Public Offer (IPO) …..

GIC of India IPO Details - Date, Price, Allotment Status, Listing, Grey Market Premium

I am sure in the current BULL RUN, small and medium investors are running after all IPO’s to get good listing gains !!!

After good response to recent issues like D-Mart, HUDCO, CDSL, AU Small Finance Bank, Salasar Techno Engineering, etc investors would be eagerly waiting for GIC of India IPO….

The IPO will see a total stake dilution of 14.22%, according to the DRHP. The IPO is likely to raise over Rs10,000 crore.

The IPO will involve sale of 124,700,000 shares in a price band which will be decided at a later stage.

Company has received IRDA approval for its IPO.

I am sure you might be searching for all details about General Insurance Corp of India IPO.

General Insurance Corp of India Company Profile :

GIC of India (GIC Re) was the sole reinsurance company in the Indian insurance market with over four decades of experience until the insurance market was open to foreign reinsurance players by late 2016 including companies from Germany, Switzerland and France.

GIC Re has its registered office and headquarters in Mumbai.

General Insurance Corp of India Promoters:

As of now, the company is fully-owned by the government.

Buy Investment Related Books in English, Hindi, Gujarati & Marathi Online !

Investment-Books-Buzzing

General Insurance Corp of India IPO Detail :

Issue Open: Yet to be Announced
Issue Type: Book Built Issue IPO
Issue Size: 124,700,000 shares of Face value of Rs. 10
Face Value: Rs 10 Per Equity Share
Issue Price: Yet to be Announced
Market Lot: Yet to be Announced
Minimum Order Quantity: Yet to be Announced
Listing At: BSE, NSE

Important Dates of General Insurance Corp of India IPO :

Bid/Offer Opens On: Yet to be Announced
Bid/Offer Closes On: Yet to be Announced
Finalisation of Basis of Allotment: Yet to be Announced
Initiation of refunds: Yet to be Announced
Credit of Equity Shares to demat accounts: Yet to be Announced
Commencement of trading of the Equity Shares on the Stock Exchanges: Yet to be Announced

Download Red Herring Prospectus of General Insurance Corp of India IPO :

To Download Red Herring Prospectus of General Insurance Corp of India IPO Click Here

Grey Market Premium (GMP) of General Insurance Corp of India :

Information Yet not available. Visit again for details.

General Insurance Corp of India IPO Registrar :

Yet to be decided

General Insurance Corp of India IPO Lead Manager(s) :

  1. Citigroup
  2. Axis Capital
  3. Deutsche Bank
  4. HSBC
  5. Kotak Mahindra Capital Co. Ltd

General Insurance Corp of India IPO Allotment Status :

Registrar to the issue is yet to be decided.