GIC IPO Allotment Status
You know GIC IPO allotment status will be declared in very short time. In this article we shared information on General Insurance Corporation IPO allotment status, subscription, know how to check allotment status of GIC IPO, financial performance, GIC IPO details, registrar Karvy, etc.
General Insurance Corporation IPO Summary
General Insurance Corporation IPO Start Date: 11th October, 2017
General Insurance Corporation IPO Close Date: 13th October, 2017
GIC Face Value: Rs. 5 per share
GIC Price Band: Rs. 855 to 912 per share
Minimum Amount: 14592 (Approx)
GIC IPO Size: Rs. 10,000 crore
Retail Portion: 35%
General Insurance Corporation IPO Allotment Date: 18th October, 2017
Refund Date: 19th October, 2017
GIC IPO Listing Date: 25th October, 2017
Recommended: Allotment status of IEX IPO
General Insurance Corporation IPO Subscription
In the below table we shared day by day General Insurance Corporation IPO Subscription. GIC IPO Subscription is approx 1.38 times; it is very low compared to Dixon IPO and Godrej Agrovet IPO.
|Category||DAY 1||DAY 2||DAY 3|
Know About GIC IPO
RISKS IN RELATION TO THE FIRST OFFER
This being the first public issue of GIC Corporation, there has been no formal market for the Equity Shares. The face value of the Equity Shares is ` 5 each and the Floor Price is .. times the face value and the Cap Price is ..times the face value. The Offer Price should not be taken to be indicative of the market price of the Equity Shares after the Equity Shares are listed. No assurance can be given regarding an active or sustained trading in the Equity Shares or regarding the price at which the Equity Shares will be traded after listing.
Investment in equity and equity-related securities involve a degree of risk and investors should not invest any funds in the Offer unless they can afford to take the risk of losing their investment. Investors like General insurance corporation ipo allotment status are advised to read the risk factors carefully before taking an investment decision in the Offer.
For taking an investment decision, investors must rely on their own examination of Corporation and the Offer, including the risks involved in General Insurance Corporation IPO allotment status. The Equity Shares in the Offer have not been recommended or approved by Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of the contents of this Draft Red Herring Prospectus.
The Equity Shares offered through the Red Herring Prospectus are proposed to be listed on BSE and NSE. Source for this Corporation has received an ‘in-principle’ approval from BSE and NSE for the listing of the Equity Shares pursuant to letter bearing number, dating, etc.
About General Insurance Corporation
The entire general insurance business in India was nationalised by General Insurance Business (Nationalisation) Act, 1972 (GIBNA).
The Government of India (GOI), through Nationalisation took over the shares of 55 Indian insurance companies and the undertakings of 52 insurers carrying on general insurance business.
General Insurance Corporation of India (GIC) was formed in pursuance of Section 9(1) of GIBNA.
It was incorporated on 22 November 1972 under the Companies Act, 1956 as a private company limited by shares.
GIC was formed for the purpose of superintending, controlling and carrying on the business of general insurance.
As soon as GIC was formed, GOI transferred all the shares it held of the general insurance companies to GIC.
Simultaneously, the nationalised undertakings were transferred to Indian insurance companies.
After a process of mergers among Indian insurance companies, four companies were left as fully owned subsidiary companies of GIC.
- National Insurance Company Limited.
- The New India Assurance Company Limited.
- The Oriental Insurance Company Limited.
- United India Insurance Company Limited.
The next landmark happened on 19th April 2000, when the Insurance Regulatory and Development Authority Act, 1999 (IRDAA) came into force.
This Act also introduced amendment to GIBNA and the Insurance Act, 1938. An amendment to GIBNA removed the exclusive privilege of GIC and its subsidiaries carrying on general insurance in India.
In November 2000, GIC was refortified as the Indian Reinsurer and through administrative instruction; its supervisory role over the four subsidiaries was ended.
General Insurance Corporation Financial Performance
You know GIC financial performance? If you don’t know then here we shared company last three year performance so you decided either you take part in General Insurance Corporation IPO (GIC IPO) or not. (All figure in RS. Crore)
|GIC Performance||FY 2017||FY 2016||FY 2015|
|Profit After TAX||3,140.6||2,832.4||2,891.0|
General Insurance Corporation Office Address
Registered Office and Corporate Office:
‘Suraksha’ 170, J Tata Road,
Churchgate, Mumbai 400 020;
Tel: (91 22) 2286 7000;
Fax: (91 22) 2288 4010
Contact Person: Suchita Gupta,
Company Secretary and Compliance Officer;
Corporate Identity Number: U67200MH1972GOI016133;
IRDAI Registration Number 112, dated April 2, 2001
GIC IPO Book Running Lead Managers
Citigroup Global Markets India Private Limited
1202, First International Financial Centre,
G-Block Bandra Kurla Complex
Mumbai 400 098
Tel: (91 22) 6175 9999
Fax: (91 22) 6175 9961
Investor grievance e-mail: email@example.com
Contact person: Ashish Guneta
SEBI registration number: INM000010718
Axis Capital Limited
1st Floor Axis House
C-2, Wadia International Centre,
Pandurang Budhkar Marg, Worli
Mumbai 400 025
Tel: (91 22) 4325 2183
Fax: (91 22) 4325 3000
Investor grievance e-mail: firstname.lastname@example.org
Contact person: Lohit Sharma
SEBI registration number: INM000012029
Deutsche Equities India Private Limited
The Capital, 14th floor,
C -70, G Block, Bandra Kurla Complex
Mumbai 400 051
Tel: (91 22) 7180 4444
Fax: (91 22) 7180 4199
Investor grievance e-mail: email@example.com
Contact person: Viren Jairath
SEBI registration number: INM000010833
HSBC Securities and Capital Markets (India) Private Limited
52/60, Mahatma Gandhi Road Fort,
Mumbai 400 001
Tel: (91 22) 2268 5555
Fax: (91 22) 2263 1284
Investor grievance e-mail: firstname.lastname@example.org
Contact person: Rishabh Rajesh Garg
Website: www.hsbc.co.in/1/2/corporate/ equitiesgloablinvestmentbanking
SEBI registration number: INM000010353
Kotak Mahindra Capital Company Limited
1st Floor, 27 BKC, Plot No. 27
G Block Bandra Kurla Complex, Bandra (East)
Mumbai 400 051
Tel: (91 22) 4336 0000
Fax: (91 22) 6713 2447
Investor grievance e-mail: email@example.com
Contact person: Ganesh Rane
SEBI registration number: INM000008704
Registrar of General Insurance Corporation IPO
Karvy Computershare Pvt Ltd,
Karvy Selenium Tow-B,
Conclusion of GIC IPO Allotment Status
Any confusion regarding General Insurance Corporation IPO Allotment Status? We shared information on GIC subscription , company financial performance, book running lead managers, registrar Karvy, etc. Check also other IPO allotment status like Mas financial IPO, Indian energy IPO status, etc. at tawp.in website. Although if you any query then write in the comment section, we will reply as soon as early possible.