General Insurance Corporation of India IPO Message Board (Page 24)

listing dated ?????

IEX OPENED ST 1500 THEN RECOVERED TO 1650.
SAME CAN HAPPEN WITH GIC SO DON''T PANIC

Received SMS from KARVY for Allotment Status.

Those who could not withdraw bid for any reason wat so ever should complain to sebi
More complaints would mean action by SEBI as its hands will be tied
There is abuse in IPO process and small investors are suffering as there is no proper bid wdl process on several bank sites and things are confusing and a more simple process should be formulated
lodge your complaint with SEBI on
http://scores.gov.in/. Alternately, you may write to SEBI at the following address:
Investor Grievance Cell, Office of Investor Assistance and Education,
Securities and Exchange Board of India
Plot No.C4‐A,''G'' Block, Bandra Kurla Complex,
Bandra (East),
Mumbai: 400051

I applied 2 lots at cut-off, but today my amount unblocked, not allotted... Why this?

I money is unblocked why share is not allotted to me

As per the Sebi circular No. CIR/CFD/POLICYCELL/11/2015 dated November 10, 2015 the time taken for listing after the closure of issue is 6 working days.

For all IPO

I have applied for one Bid and the amount deducted on 21st @867

Sabko isi rate pe allot hua hai

When the allotment is done , so that enable to see on karvy site
Karvy is too late in showing ipo

21 st october,2017 done amounts deduct from account

The amount is already deducted from my account.

Is this IPO we can keep it for long term or we have to sell out on the day of listing?

When is the listing date?

Hi,

I have applied 2 applications under 1 PAN. 1 application got allotted. Is this legally correct or can I sue Karvy for wrong allotment. Experts advice please.

U cant do much ... u may have right intentions but legally ur on weak wicket or grey area !! Plus the way legal process works ,,, King can do no wrong and gic is owned by GOI..

U should have cancelled their bid pre or post ipo .. ASBAprocess pdf from sebi website
I emailed karvy still they allotted shares

13. Can I withdraw my ASBA bids? If yes, how? (SEBI asba process sub sec V)
Retail individual investors can withdraw ASBA bids. During the biddingl period
you can approach the same bank to which you had submitted the ASBA and
request for withdrawal through a duly signed letter citing your application number,
TRS number, if any.
After the bid closure period, you may send withdrawal request to the Registrar to
the issue before the finalization of basis of allotment, who will cancel the bid and
instruct SCSB to unblock the application money in the bank account after the
finalization of basis of allotment.

Karvy is right and you are wrong. One application with one pan no.

IEX down 10% on listing ipo mkt is turning... What happens now to gic which is overvalued at 910 if mkt be my guide?? Wonder what happens to those that emailed their cancellation of bid to karvy and gic and still got allotment .. lets see if sebi takes action against gic if it gets a complaint... karvy hasnt accepted cancellation of bids in their office before allotments began...

i see govt supporting this issue at 870 else loss to small shareholder .. wonder if and mfs and others will get in and buy and what they think is the fair value of GIC.
for those that pushed 2 apps to void their apps...they should have cancelled their bid pre or post ipo .. ASBAprocess pdf from sebi website

13. Can I withdraw my ASBA bids? If yes, how?
Retail individual investors can withdraw ASBA bids. During the bidding period
you can approach the same bank to which you had submitted the ASBA and
request for withdrawal through a duly signed letter citing your application number,
TRS number, if any.
After the bid closure period, you may send withdrawal request to the Registrar to
the issue before the finalization of basis of allotment, who will cancel the bid and
instruct SCSB to unblock the application money in the bank account after the
finalization of basis of allotment.

However, Non-retail investors i.e. Qualified Institutional Buyers and Non-
Institutional Investors are not eligible to withdraw their bids at any time.

All issue should be fixed priced issue, no price band. It only creates confusion for many applicants.

Does price band allows valuing the company right?. Very Little.

At upper band GIC is valued at 11372 Crores
At lower band GIC is valued at 10661 Crores

Should much attention be given for such difference?

Actually, the price band is more for issuer rather than for buyer.

It gives them flexibility, to lower the fixed price at lower than max based on the response/demand and issue will still deemed to be successful.

They want the issue to not fail even if worst case scenario pans out. They are mostly successful in bull market barring few.....where despite having price band issue still gets cancelled due to poor demand.

After listing if available below Rs 800 than buy for 4,5 years time frame.

Bro you won''t get below 850 , 800 forget it for now .....on the top it may touch 1000 !!
GMP is still +25 to +30 & will rise for sure

~@ Bhavnagar

As per message 1013.

GIC (Discount)
(21.00) - (20.50)

karvy and bse, still not updated their website about allotment.

No massage received at yet form any where ,Karvy site demand 8digit application number but my broker email shows 16 digit , where I checked allotment status?

From HDFC BANK still amount not debited.. Don''t worry today it will happen...

GMP last heard:

GIC (Discount)
(21.00) - (20.50)

Plz guide me maine 855pe disount priss 45 ke sth 811 me. Feel kiya h 4 app. Muje allotment ayega. Ya nai. Jbkj. Freze amount 855 se hua h to allotmrnt aayegq to kus rate pe ayega. Kyunk retail sctor under sub.. Hua h to aallotment. Jis. Rate pe mangenge aana cahhiyenna. Compnny be range 855-912 mentiion ki h. Too. 855walo ko. Bi mlna. Chahqiye. Plz. Guide actually ky sahi ha

Rs. 97104 debited from my Axis Bank account. Applied for 7 lots which means 100%allocation at the price of 912-45=867/share...

Yes, I got the allotment of 1 lot & My money got deducted Rs. 13872/- which means full allotment is at 867/- per share.

Dear All, from where I can check the status, plz share the link

HI ALLOTTEES CONGRATS IT WILL LIST 900+ RETAILER WILL EARN 7-8K WHO APPLIED IN FULL.IF YOU CAN HOLD TILL NIA IPO IT WILL TOUCH 1050. ER. RK GOYAL