General Insurance Corporation of India IPO Message Board (Page 23)

Allotment results are available on Karvy Website and KPrism android App.

who is registrar of GIC IPO?

Karvy Computershare Private Limited

Allotment is now at Karvy website.

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. In any case GIC will be a huge success.

Got msg at 4 pm- from Bse
DEAR INVESTOR,SUCCESSFUL ALLOTMENT OF 32 SHARE AT RS.867.00 TO APPLICATION NO.80053098 FOR GENERAL INSURANCE CORPORATION OF INDIA LTD( GICRE ). FOR DETAILS, PLEASE VISIT YOUR REGISTERED MAIL BOX. REGARDS, BSETEAM

Those who know about general insurance industry will vouch for the fact that GIC has the best financials amongst various insurers listed or non listed.In last 8 years its profit before tax has been more than 20000 crores. It is also rated A- consistently by AM Best. Its employees cost is lowest as itas just 600 employees.GIC has investment income of more than 7 crores per day.

Yes I can see my Allotment at 867.00.

Regards,

Allotment done pl. Visit BSE site

Just now received email from karvy regarding allotment. Applied and Received 32 shares at Rs,867/- per share.
32 shares credited on 23/10/2017,
Amount adjusted towards allotment 27,744/-
Expected Date of Listing      25/10/2017

I hv applied 7 lot @ 810.but amount blocked @867 what should I do .plz send me the solution.

For RII amonut is @867

Check the below link for GIC Allotment
http://www.bseindia.com/investors/appli_check.aspx

No allotment message.
Amount is still blocked.
Karvy is not updated with GIC .
What to do ?

Guys please stop looking for Allotment if applied at cut-off. If not applied at cut-off you will not be allocated!!

Else please go to

https://kosmic.karvy.com/invreg.aspx

register on the above link and give a miss call on 9210993399

Completely Agreed with Amar Deep Agarwal,
My amount has been debited from HDFC Bank. and also received message from karvy after giving missed call to this number 9210993399..

Please current GMP if you have it.

Amount तो A/c से कट गया....
Karvy office कह रहा है कि अभी तक Allotment नही हुआहै.....
any one can clear the picture.

Allotments done. Forget karvy :)

Please go to

https://kosmic.karvy.com/invreg.aspx

register on the above link and give a miss call on 9210993399

Got message that shares have been alloted at 912. Is it possible that under individual retail category shareholders can be alloted shares at different prices

NO DIFFERENT PRICE. PRICE FOR ALL CATEGORIES IS 912 AND AS SPECIAL DISCOUNT OF 45 IS GIVEN TO RETAIL BIDDERS

Mainay kaha bhara bhai GIC and INX both naha bhara.

Hi All,
Just now received message from HDFC Bank, This Amount 83232/- has been debited from bank for 6 lot of GIC.

Allotment nahi hua samjho lottery laggai enjoy.

To bhara hi ku bhai jab you have so much negativity about GIC .

listing date is 25/10/2017 of GIC

Down Premium nippon MLL
66~68
123~125

Have anyone heard GIC Grey market rate

It is in negative... -30 Rs.

Discount 12 -15