General Insurance Corporation of India IPO

Closed

Subscription Details

  • Open Date 11 Oct
  • Close Date 13 Oct
  • Lot Size 16
  • IPO Size ₹ 11175.8 Cr
  • IPO Price Range ₹ 912
  • Min Investment ₹ 14592

General Insurance Corporation of India IPO Timeline

Open Date
11 Oct
Close Date
13 Oct
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

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)

How to apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • 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 mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of General Insurance Corporation of India IPO

Contact Information

Address

Suraksha 170 J Tata Road,
Churchgate,
Mumbai, Maharashtra 400020

Open Demat Account