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 (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.14,592 (for QIB & NII)
Amount: Rs.13,872 (for Retail & Employee)

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

Vijay Prajapati

An experienced stock market professional with expertise in IPO research, market insights, and equity strategies. With a strong background in research and capital markets, he delivers comprehensive coverage on upcoming IPOs, subscription patterns, grey market premium (GMP), and post-listing performance, along with detailed reviews, recommendations, and technical analysis.

Add IPOWatch to your Google News feed.

Disclaimer: This content is provided strictly for educational and informational purposes. The securities or investments mentioned are not to be considered as investment advice or recommendations. The Investors are advised to do their own research or connect with a financial advisor before making any investment decisions.