General Insurance Corporation of India Limited: The company will introduce its IPO soon to get listed at both of the Exchanges i.e. Bombay Stock Exchange and National Stock Exchange. An interested client can fetch all the information of IPO as Price Band and Dates, Company Profile, Allotment Status, Listing Dates etc. The firm got “in principal approval” from BSE and NSE for the listing of the equity shares after proposing a Red Herring Prospectus.The IPO is set to launch as on October 11, 2017 with a price band of Rs.855-Rs.912 per equity shares. The lot size of applying the IPO is for 16 shares. One can apply via ASBA to avail the benefit of listing this IPO. The maximum application of amount for retail investors stood at Rs. 2 lacs.

Company Profile:- The company was incorporated on November 22, 1972 at Mumbai, India. It isthe biggest reinsurance company in terms of gross premium. The firm offers its services and plans in domestic as well as international markets. Fire (property), marine, motor, engineering, agriculture, aviation/space, health, liability, credit and financial and life insurance are the main business lines for its plans and services. GIC has an Indian investment portfolio like fixed income debt securities including Government securities, equity securities including exchange traded funds, and other investments except fixed term deposits for its business written outside of India at its branches. The firm deals its overseas business via home office in Mumbai, branch offices in London, Dubai and Kuala Lumpur along with a representative office in Moscow, a subsidiary in the United Kingdom that is a member of Lloyd’s of London and a subsidiary in South Africa.

 

Positive Outlook of the Firm:-

1) Strong brand image as a market leader in Indian reinsurance industry along with 44 years of experience;

2) Available in International markets via strong networks and channels;

3) Offering various product portfolio and revenue streams;

4) Competitive risk management framework;

5) Diversified investment portfolio generating strong growth and attractive yields;

6) Robust financial track record along with managed balance sheet;

7) Highly qualified and educated management team.

 

Objects of The Issue:-

The object of the IPO is for both (Fresh Issue and the Offer for Sale) :-

  1. Offer for Sale:-Corporation will not receive any proceeds from the Offer for Sale.
  2. Fresh Issue:-Corporation is in view to use the Net Proceeds from the Fresh Issue as below:
    (i) Augmenting the capital base of the Corporation.
    (ii) General corporate purposes. 

Summary Of Issue:

Issue Open:- Oct 11, 2017 To Oct 13, 2017
Issue Type Book Built Issue IPO
Issue Size (Shares) · 124,700,000 Equity Shares of Rs 5 aggregating up to Rs 11,372.64 Cr

· Fresh Issue of 17,200,000 Equity Shares of Rs 5 aggregating up to Rs [*] Cr

· Offer for Sale of 107,500,000 Equity Shares of Rs 5 aggregating up to Rs [*] Cr

Issue Size in (Value) (Rs.11370 crore)
Face Value Rs. 5 Per Equity Share
Issue Price Rs. 855 – Rs. 912 Per Equity Shares
Market lots 16 Shares
Minimum Order Quantity 16 Shares
Listing At NSE, BSE

{* Indicates to be updated}

Important dates for General Insurance Corporation of India Limited IPO Allotment Status

  • The Allotment date for General Insurance Corporation Of India Limited IPO issue is expected to be Oct 18, 2017
  • The amount will get unblocked on Oct 20, 2017
  • The Shares are expected to credited in DP accounts on Oct 20, 2017
  • The Shares of General Insurance Corporation Of India Limited are likely to be listed on Oct 23, 2017 on both BSE and NSE.

General Insurance Corporation Of India Limited IPO Allotment Status

General Insurance Corporation of India LimitedIPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.

one can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-

  1. Click on the given link See Allotment Status here
  2. Go to Application Status
  3. Select IPO as General Insurance Corporation Of India Limited IPO
  4. Enter you PAN Number or Application Id or DP Client Id.

It takes little time to fetch information so you need to be little patient.

 

Promoters Of the Company:-

The Promoter of the company is President of India, acting through the Ministry of Finance.

 

Financials:-

Particulars   For the year/Period ended (Rs. in Million)
Financial Year 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 485,269.54 406,375.76 430,986.15 332,005.86 281,390.59
Total Revenue 36441.79 32340.78 30995.34 26985.09 25111.20
Total Expenses 3,739.54 2,474.50 2,674.92 3,936.32 2,008.41
Profit After Tax (PAT) 28,578.52 26,549.18 28,026.85 23,218.42 22,888.64

 

Book Running Lead Managers Details:-

1) Citigroup Global Markets India Private Limited 1202,

First International Financial Centre,

G-Block BandraKurla Complex

Mumbai 400 098

Tel: (91 22) 6175 9999

Fax: (91 22) 6175 9961

E-mail: gic.ipo@citi.com

Investor grievance e-mail: investors.cgmib@citi.com

Contact person: AshishGuneta

Website: www.online.citibank.co.in

SEBI registration number: INM000010718

2) Axis Capital Limited# 1st Floor Axis House C-2,

Wadia International Centre,

PandurangBudhkarMarg, Worli

Mumbai 400 025

Tel: (91 22) 4325 2183

Fax: (91 22) 4325 3000

E-mail:gic.ipo@axiscap.in

Investor grievance e-mail: complaints@axiscap.in

Contact person: Lohit Sharma

Website: www.axiscapital.co.in

SEBI registration number: INM000012029

3) Deutsche Equities India Private Limited The Capital,

14th floor, C -70, G Block, BandraKurla Complex

Mumbai 400 051

Tel: (91 22) 7180 4444

Fax: (91 22) 7180 4199

E-mail: gicofindia.ipo@db.com

Investor grievance e-mail: db.redressal@db.com

Contact person: VirenJairath

Website: www.db.com/India

SEBI registration number: INM000010833

 

4) 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: gicreipo@hsbc.co.in

Investor grievance e-mail: investorgrievance@hsbc.co.in

Contact person: Rishabh Rajesh Garg

Website: www.hsbc.co.in/1/2/corporate/ equitiesgloablinvestmentbanking

SEBI registration number: INM000010353

 

 

5) Kotak Mahindra Capital Company Limited

1st Floor, 27 BKC, Plot No. 27 G Block BandraKurla Complex,

Bandra (East)

Mumbai 400 051

Tel: (91 22) 4336 0000

Fax: (91 22) 6713 2447

E-mail: gicre.ipo@kotak.com

Investor grievance e-mail: kmccredressal@kotak.com

Contact person: Ganesh Rane

Website: www.investmentbank.kotak.com

SEBI registration number: INM000008704

 

Registrar To The Issue:-

Karvy Computershare Private Limited

Karvy House, 46, Avenue 4, Street No. 1,
Banjara Hills, Hyderabad – 500 034
Andhra Pradesh, India

Tel: +91-40-23312454

Fax: +91-40-23311968

Email: gic.ipo@karvy.com

Investor grievance e-mail: [*]

Contact person: [*]

Website: http://karisma.karvy.com

SEBI registration number: INR000000221

 

RegisteredOffice Details:-

‘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: investors.gic@gicofindia.com;

Website: www.gicofindia.com

Corporate Identity Number: U67200MH1972GOI016133;

IRDAI Registration Number 112, dated April 2, 2001


To Invest In IPO, Submit Details Given Below

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