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Open
11 Oct 2017
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Close
13 Oct 2017
3
Allotment
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Listing
Wed, Oct 25, 2017
Price Band
₹855 to ₹912
Issue Size
12,47,00,000 shares (agg. up to ₹11,257 Cr)
Lot Size
16 Shares
Listing Date
Wed, Oct 25, 2017
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.34x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2017 | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|---|
| Profit After Tax | 395.91 | 2,857.85 | 2,654.92 | 2,802.69 |
| NET Worth | 17,991.67 | 16,174.16 | 14,171.57 | 11,738.16 |
| Reserves and Surplus | 18,544.31 | 18,060.64 | 16,751.59 | 14,521.75 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| ICICI Lombard General Insurance Co.Ltd. | Mainboard | ₹5,700.94 Cr | ₹661 | null | ₹681.20 | +3.06% | ₹1,612.20 (-0.67%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Augmenting the capital base | 1,149.55 |
| 2 | General corporate purposes | 383.15 |
About GIC IPO
Incorporated in 1972, General Insurance Corporation of India is the largest reinsurance company in India in terms of gross premiums. They provides various general insurance products like property, energy, marine, engineering, miscellaneous, aviation-hull/spares-rotor wing, aviation-hull/spares-fixed wing, liability, aviation treaty–hull, spares and liability insurance products. They also offers cargo and offshore energy, motor, life, agriculture, space, health, credit and financial insurance.They offers reinsurance solutions for the Afro-Asian region and reinsurance programs in South East Asia, the Middle East and Africa. They develop their overseas business through their home office in Mumbai, branch offices in London, Dubai and Kuala Lumpur, 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.Competitive Strengths1. Leader in Indian reinsurance industry with 44 years of experience2. International presence3. Diversified product portfolio and revenue streams4. Strong financial track record and a strong balance sheet5. Experienced management team+ Read More
Contact Details
General Insurance Corp.of India AddressSuraksha, 170, J Tata RoadChurchgateMumbai, Maharashtra, 400020+ (91 22) 2286 7000investors.gic@gicofindia.comVisit Website