Gic Ipo Allotment Status Link

Gic ipo allotment status link

Gic ipo allotment status link

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.

Gic ipo allotment status link

5 per share

GIC Price Band: Rs. 855 to 912 per share

Minimum Amount: 14592 (Approx)

GIC IPO Size: Rs.

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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.

CategoryDAY 1DAY 2DAY 3

Know About GIC IPO


This being the first public issue of GIC Corporation, there has been no formal market for the Equity Shares.

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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.

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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.

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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?

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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 PerformanceFY 2017FY 2016FY 2015
Total Revenue29,291.518,204.516,494.1
Total Expenses27,147.816,614.514,932.9
Profit After TAX3,140.62,832.42,891.0

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;

E-mail: [email protected];


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

E-mail: [email protected]

Investor grievance e-mail: [email protected]

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

E-mail:[email protected]

Investor grievance e-mail: [email protected]

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

E-mail: [email protected]

Investor grievance e-mail: [email protected]

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

E-mail: [email protected]

Investor grievance e-mail: [email protected]

Contact person: Rishabh Rajesh Garg

Website: equitiesgloablinvestmentbanking

SEBI registration number: INM000010353

Kotak Mahindra Capital Company Limited

1st Floor, 27 BKC, Plot No.

Gic ipo allotment status link


G Block Bandra Kurla Complex, Bandra (East)

Mumbai 400 051

Tel: (91 22) 4336 0000

Fax: (91 22) 6713 2447

E-mail: [email protected]

Investor grievance e-mail: [email protected]

Contact person: Ganesh Rane


SEBI registration number: INM000008704

Registrar of General Insurance Corporation IPO

Karvy Computershare Pvt Ltd,

Karvy Selenium Tow-B,

Pl-31&32 Gachibowli

Phone: 91-40-67161606

Fax: 91-40-67161791

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.

General Insurance Corporation IPO Schedule

Check also other IPO allotment status like Mas financial IPO, Indian energy IPO status, etc. at website. Although if you any query then write in the comment section, we will reply as soon as early possible.

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