Wednesday, October 11, 2017

General Insurance Corporation (GIC) IPO Subscription Numbers & Status, IPO Subscribed 1.37 times

General Insurance Corporation (GIC) ipo subscription to start from 11th October. The things are not looking good for GIC as already negative listing news are on the streets. There are 45 Rs. discount for retail and employees which is good to attract the when we look at the grey market premium it shows less interest and going in discount day by day. We recommend to apply for long term gain. Shot term investors might leave it for sure. QIB quota will be the one which get good subscription and its on the cards. Check GIC ipo gmp by day to day.

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