General Insurance Corporation of India IPO Message Board (Page 25)

3/3 Got thank god I applied !!
It will open in premium no need to worry !!
Insurance is booming & wide scope plus it is only Reinsurance company in India !!

Dear eagle eye, pls post GMP of GIC RE, can I hold half qty for 10 days after listing, pls suggest.
Thanks in advance

Gmp Pls...

Now guys please don''t send negative messages and please talk positive for this counter.... Can anybody tell the current GMP for GIC????

Current Gmp of GIC is 250-280.
A very very positive message for you only.

Retailers need not sell below 10% (5%disc.+5% on issue price) gain. Surely touch 1000 mark by 3rd November, 2017 when National Insurance''s 10,000 cr. issue open for subscription. Good luck to all retail allottes, please be patient for 10 days after listing.

Correction : National Insurance is to be read as New India Assurance.

NIA is coming out with 10000 cr IPO in first week of November. out to loot public after GIC

I have taken 96 shares at 912.still no amt debited. Neither karch msg says no application found.. Through bank of baroda account no information.... Amt still only in blocked stage.. Wt to do.. Any suggestions?!

For me BOB amount debited..

In hdfc sec, no allotment done ,karvy site and karvy app no allotment status updated . I have checked in bse site no allotment done in this site . Then conclusion that no allotment done till now . Tomorrow allotment out at upper band 912-45 =867: that''s final conclusion

I happen to see many of the boarders mentioning they have applied 224 shares as full application in the RII category. Just thought of clearing the misunderstanding in case if any.

224 shares = 204288 INR. This application will be considered as HNI and no retail discount will be given.
For retail the max application to be considered is 208 shares.

Majority of the friends who are already aware please ignore.

For retail category(max limit) final allotment price (after deducting discount) is considered. If final price comes less than 2 lakh then it is considered as Retail not HNI. If apply price is more than 2 lakh then don''t worry. After discount it should be less than 2 lakh.

Same thing in OFS.

Guys,

I really apologize for my mistake. I got misguided as some of the online banks permitted only max 208 shares.

Thank you Satish Prasad, Prashant Hemrajani & Uchit Patel for clarifying for everyones benefit.

Hi good news....got a sms from Karvy...allotted 32shares of GIC.....account has not be debited at HDFC....maybe they will do it tom.

send sms to Karvy mobile no.....good suggestion...thanks a lot

How to send SMS?

There is little chance for negative listing of GIC as only three crore shares roughly will be available for trading. Moreover, all the retailers will not be interested or in a position to off-road their shares. Then available shares for delivery would be around two crore.
I am therefore expecting a favourable listing.

Dont know howcm HDFC and UBI left behind the race this time?

All the best to all investors with allotment. Suggest timely exit on listing if it list with premium. Gains are not expected to continue for long.

your mobile must be regd. with karvy

Hi AHT,
Thank you so much for mobile number, I have allotted 6/6 shares from GIC.

What aspects about GIC on 25 th

According to me , only 2.75 cr ( 22% ) share will be available in market on listing day . Rest shares will be in hand of QIB which cannot sell due to lock in period . I think listing will be above Rs 912 .....Let''s hope for good listing .

I am not understanding why investors are applying at lower price and then making questions why they are not allowed?

There is simple rule you always have to apply at cut off if you want allotment. No research no comment no questions.

In ipo issue price is same for retail and other categories.

In GIC retail category was undersubscribed and other categories were over subscribed and overall ipo was oversubscribed. Then why GIC will allocate shares at lower price ? I am not understanding. Company will always swap allocations to different categories to get maximum price. Same way here GIC allocated retail portions which were applied at lower price is allocated to QIB which were applied at cutoff.

When QIB is ready to pay cutoff then why GIC will allocate shares to retail at lower price ? GIC is not fool.

There are chances investors will get allotment at lower price or middle price in the range when issue is undersubscribed overall. This is one condition only. If issue is more than 75% subscribed overall at cutoff then chances are more that company will reduce the whole ipo size to 75% and allocate shares to cutoff only. This way investors will not get anything if they apply at lower price.

Wah sir

Concept clear ho gaya..

Thanks a lot

For retail category -max limit, final allotment price (after deducting discount) is considered. If final price comes less than 2 lakh then it is considered as Retail not HNI. If apply price is more than 2 lakh then don''t worry. After discount it should be less than 2 lakh.

Same thing in OFS.

I had applied 224 in retail category in BOB and allotted 224 shares @912-45=867 but in SBI online bidding was maximum for 208 shares and in offline successful bidding was for 224 shares

Guys pls check this site

http://www.bseindia.com/investors/appli_check.aspx

It shows status of allotment of GI....in my case there is nothing mentioned in allotment column....those u have got messages can check this...maybe the allotment shares will be reflected for them.

Yes I have an account with HDFC BANK. I don''t know whether they have different procedure, but I checked all the IPOs in which I applied. Those where I have not been alloted, didn''t show paid amount. And for allotment it shows amount paid proportionate to allotment.

Don''t worry brother. It is thumb rule to allot 100% if you applied at cut off in retail portion when it is not fully subscribed. And in GIC shares have been alloted at 912. So for retail category it is 912-45=867. U will definitely get allotment provided that your application is proper.

Those who hv applied at cut off got full allotment in GIC.retailers r allotted @ 867