Friday, October 06, 2017

General Insurance Corporation IPO Grey Market Premium, GIC IPO GMP Today

   

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General Insurance Corporation (GIC) ipo has good financial and growing results. As per the current grey market premium it looks good but lets wait for the coming days. Its a big ipo so subscription numbers will be on a lower side. After ICICI Lombard and SBI Life are not doing good in last few weeks after listing and GIC also coming up with another ipo with 11500 crore. Lets see how investors will react on this ipo. Checkout daily GIC ipo gmp with kostak rates.

General Insurance Corporation (GIC) IPO grey market premium day by day with kostak rates.
  • Grey market premium as on today at Discount with Kostak at N/A
  • Grey market premium as on 23-10-2017 Discount with Kostak at N/A
  • Grey market premium as on 22-10-2017 Discount with Kostak at N/A
  • Grey market premium as on 21-10-2017 Discount with Kostak at N/A
  • Grey market premium as on 20-10-2017 Discount with Kostak at N/A
  • Grey market premium as on 19-10-2017 Discount with Kostak at N/A
  • Grey market premium as on 18-10-2017 Discount with Kostak at N/A
  • Grey market premium as on 17-10-2017 Discount with Kostak at N/A
  • Grey market premium as on 16-10-2017 Discount with Kostak at N/A
  • Grey market premium as on 14-10-2017 Discount with Kostak at N/A
  • Grey market premium as on 13-10-2017 Discount with Kostak at N/A
  • Grey market premium as on 12-10-2017 Discount with Kostak at N/A
  • Grey market premium as on 11-10-2017 Discount with Kostak at N/A
  • Grey market premium as on 10-10-2017 Discount with Kostak at N/A
  • Grey market premium as on 09-10-2017 Discount with Kostak at N/A
  • Grey market premium as on 08-10-2017 N/A with Kostak at Rs.650-700
  • Grey market premium as on 07-10-2017 N/A with Kostak at Rs.650-700
  • Grey market premium as on 06-10-2017 N/A with Kostak at Rs.650-700
  • Grey market premium as on 05-10-2017 N/A with Kostak at Rs.650-700
  • Grey market premium as on 04-10-2017 N/A with Kostak at Rs.650-700
  • Grey market premium as on 03-10-2017 N/A with Kostak at Rs.650-700

General Insurance Corporation (GIC) IPO Dates & Price Band: (Approx)
  • IPO Open: 11-October-2017
  • IPO Close: 13-October-2017
  • IPO Size: Approx Rs. 11500 Crore (Approx)
  • Face Value: Rs. 5 Per Equity Share
  • Price Band: Rs. 855 to 912 Per Share
  • Listing on: BSE & NSE
  • Retail Portion: 35%
  • Equity: 12,47,00,000 Shares 
  • Discount: Rs.45 for Retail & Employees
General Insurance Corporation (GIC) IPO Market Lot:
  • Shares: Apply for 16 Shares (Minimum Lot Size)
  • Amount: Rs.14,592 (for QIB & NII)
  • Amount: Rs.13,872 (for Retail & Employee)
General Insurance Corporation (GIC) IPO Allotment & Listing:
  • Basis of Allotment: 18-October
  • Refunds: 23-October
  • Credit to demat accounts: 24-October
  • Listing: 25-October
Disclaimer:

- IPO Grey Market Premium (IPO GMP) mention is valid for the specific date as mentioned in the header.
- We are not buying and selling IPO forms on IPO Gery Market.
- Kostak Rate is the premium one gets by selling his/her IPO application (in an off market transaction) to someone else even before allotment or listing of the issue.
- Do not subscribe for IPO by just seeing premium Price as it may change anytime before listing. Subscribe only considering Fundamental of the companies

3 comments:

  1. GIC IPO will not be listed at discount. Govt. of India wishes to further it's disinvestment process. GIC is a GOI disinvestment, if the retail investors suffer any loss in this IPO on the day of listing, the retail investors will be demotivated to subscribe to any other IPO by any PSU in a short future period. This will hamper the disinvestment target of the GOI. To avoid any such demotivation and thereby reluctance of the retail investors in the future, the GOI will ensure that the retail investors don't suffer in any manner for atleast a short forseable period. Thus GOI will put its financial institutions on standby and order them to buy at amounts that don't hurt the retail investors. The GOI can also gift the retail investors in DIWALI by giving away profits by raising the listing price, so as to promote more retail participation for future IPO's of govt. PSU's. In any manner what so ever, it does not seem that GIC will list at a discount. Also, if this opens at a discount, the retail participants who have just started to open up their wallets thereby contributing to the oversubscriptions to the IPO may again close their wallets. Institutional investors and HNI’s who have profited heavily from the IPO season this year, cannot afford to lose the retail enthusiasm, they are also well aware of the fact that if this opening hurts retail investors, they may not be able to make much earning in the forthcoming IPO’s and hence they will also ensure not to let this IPO list at a discount. This IPO was undersubscribed by retail investors and the GOI and other financial institutions will make it a point by giving huge profits to the retail subscribers so that those who missed it would regret it and not miss future IPO’s.

    ReplyDelete
  2. Sentiments not works in this industry

    ReplyDelete
  3. U r correct. No place for sentiments. But stock market is not science it is not rational.

    ReplyDelete

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