Wednesday, October 25, 2017

General Insurance Corporation (GIC) IPO Listing Date & Price Details

General Insurance Corporation (GIC) is going to list at discount as the grey market premium shows in red. It was good to have some discount for retailers but still there is some negative about GIC listing as it might list in discount. The retail subscription was not good even HNI and QIB was not interest more in that. One can expect a listing around 850-860 level. We can expect upside around 910-930 while down side around 810-830 level. Happy Investing!

GIC IPO Listing Date, Listing Price, NSE Code, ISIN Number & Other Details are given below:

BSE Code 540755
Group B
ISIN No INE481Y01014
Offer Price Rs.855 / 912
Face Value Rs.10
Listing Date 25-Oct-17, Wednesday

GIC IPO Listing Price: Live Quote

Details BSE Listing NSE Listing
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GIC IPO Subscription: (Fully Subscribed)

Day 11.560.
Day 2 1.680.020.160.420.90
Day 3

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 Retailers and 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