Category Archives: GIC Re IPO GMP

GIC Re IPO Grey Market Premium is Rs. – 20

General Insurance Corp of India (GIC Re) today kicked off its Rs 11,370 crore initial public offer offering 12,47,00,000 shares of face value of Rs. 5 in a price band of Rs 855 – 912 per share.

The issue closes on 13 October 2017 and the shares will be listed on the exchanges on or about 25 October 2017. Investors can bid for a minimum of 16 shares and in multiples of 16 thereafter.

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

If you are an investor then i am sure you would be wishing to invest in this public issue and you would be searching about GIC Re IPO Grey Market Premium.

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I am sure if you are thinking to apply in this Public Issue then you might be searching about Grey Market Premium (GMP) for this issue which can give you some basic idea about what could be the listing price of this issue.

Grey Market Premium of GIC Re IPO :

According to current market report, the Grey Market Premium of MASGeneral Insurance Corp of India (GIC Re) is somewhere around Rs. -10 to -20 i.e, people are expecting the shares to list on the exchanges with a discount ranging between Rs. 10 – 20.

This information is obtained from various sources from various cities across India.

Retail Investors are offered a discount of Rs. 45 per share and hence even if the shares list at some discount still then retail investors will make around 25 to 35 Rs. per share which translate into 2.5 – 3 % lsting gains.

On the other hand if the shares list at issue price, then retail investors will make around 5 % listing gains and in best case scenario if shares list with 4 – 5 % listing gains just like the case of recent big ticket issues like ICICI Lombard and SBI Life then retail investors will make around 10 % listing gains.

One advantage of this issue is due to its big size, retails investors will get complete allotment meaning that if a investor applies of max limit of Rs. 2 lakhs then he will get shares worth Rs. 2 Lakhs and that can translate into gains ranging from 5,000 (2.5%) to 20,000 (10%).

There are talks in market circles that if the issue gets good response from QB and NII then the grey market discount will get converted into premium.

GIC Re IPO Kostak Price  (Minimum Application) – Rs. 700 per application. 

GIC Re IPO Subject to Sauda – Rs. 2500 per Lot (For Rs. 2 lakh Application).

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.

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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.