General Insurance Corporation IPO Date | Details | Allotment | GMP

General Insurance Corporation IPO
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.

Check :- Godrej Agrovet IPO Allotment Status

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
Retail Allocation 35%
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: 

GIC Contact Detail

‘Suraksha’ 170, J Tata Road
Mumbai 400 020

Phone: +91 22 2286 7000
+91 22 2288 4010
 [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


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