General Insurance Corporation(GIC) of India is the largest reinsurance company in India in terms of gross premiums in fiscal 2015,2016 and 2017.
The Offer comprises of the Fresh Issue and the Offer for Sale.
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The company is also involved an international re-insurer that underwrote business from 162 countries as at 31 March 2017.
It ranked as the 12th largest global reinsurance in 2016 and the 3rd largest Asian reinsurance company in 2015.
In FY2017,Company’s profit after tax is 3,140.6 INR Crore behalf 2823.4 INR Crore on FY2016.
Company has 44 years of experience in reinsurance industry.
Promoters of GIC – The President of India
|GIC IPO details|
|Subscription Dates||11 – 13 October 2017|
|Price Band||INR855 – 912 per share|
|Fresh issue||17,200,000 shares (INR1,568.64 crore)|
|Offer For Sale||107,500,000 shares (INR9,804 crore)|
|Total IPO size||124,700,000 shares (INR11,372.64 crore)|
|Minimum bid (lot size)||16 shares|
|Face Value||INR5 per share|
|Listing On||NSE, BSE|
|GIC IPO Allotment Status & Listing details|
|Listing Date||23 October 2017|
|Allotment Date||17 October 2017|
|Refund Date||19 October 201|
|Credit to demat accounts||20 October 2017|
|Check Allotment Status:||Karvi.com|
GIC Contact Detail
‘Suraksha’ 170, J Tata Road
Mumbai 400 020
Phone: +91 22 2286 7000
Fax: +91 22 2288 4010
Email: [email protected]
General Insurance Corporation IPO Lead Manager(s)
- 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