IPO

General Insurance Corporation of India IPO

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Initial public offer of 124,700,000* equity shares of face value of Rs. 5 each (equity shares) of General Insurance Corporation of India (Corporation) for cash at a price of Rs. 912 per equity share aggregating to Rs. 11175.84* crores (Offer) comprising a fresh issue of 17,200,000* Equity shares aggregating to Rs. 1541.50* crores by the corporation (fresh issue) and an offer for sale of 107,500,000* equity shares by the Promoter (the selling shareholder) aggregating to Rs. 9634.35* crores (offer for sale). The offer included a reservation of 134,717* equity Shares aggregating to Rs. 11.68 Crores * for subscription by eligible employees (as defined in definitions and abbreviations) (the employee Reservation portion). The offer would constitute 14.22 % of the post-offer paid-up equity share capital and the net offer shall constitute 14.20 % of the post-offer paid-up equity share capital. The face value of the equity shares is Rs. 5 each. The offer price is Rs. 912 per equity share and is 182.4 times the face value of equity shares. *subject to finalisation of the basis of allotment. *A discount of Rs. 45 on the offer price was offered to retail individual bidders (retail discount) and to eligible employees (defined below) bidding in the employee reservation portion)(employee Discount)

General Insurance Corporation of India IPO Subscription Details

Company

General Insurance Corporation of India

Issue Type

(Book Built Portion)

Open Date

11 Oct

Close Date

13 Oct

Offer Price

912.00

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  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a notification to block funds in your UPI app
  • Approve the block request

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Contact Details of General Insurance Corporation of India IPO

Company Contact Information

General Insurance Corporation of India IPO
Suraksha 170 J Tata Road,
Churchgate,
Mumbai, Maharashtra 400020.

Phone: 91-22-22867000
Email: investors.gic@gicofindia.com

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General Insurance Corporation of India IPO Lead Manager(s)

  • Axis Capital Ltd
  • Citigroup Global Markets India Pvt Ltd
  • Deutsche Equities India Pvt Ltd
  • HSBC Securities & Capital Markets (India) Pvt Ltd
  • Kotak Mahindra Capital Company Ltd

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