General Insurance Corporation of India IPO Message Board (Page 27)

All recent Listings were in line with the GMP. From iLombard to MAS. Grey market is getting efficient at price discovery. Listing hence shoulder be aground 890-5. I''m gonna sell my 4 full allotments at 900+.

Those small investors that bid at cut off or 910+ should get allotment in full .. If not then technical issue like wrong pan or demat details errors so u can complain to sebi , for non allotment...

Finally lets see if and for how long will the govt bodies like LIC manage the market to keep GIC afloat above 900 ... else this will be a huge embarrassment for Modi govt ... as small investors will feal cheated if it goes below 875..

sorry 912+

I applied for 1lot at cut off price frm hdfc sec. App my amt. Is still on hold, not debited and there is no info about allotment on karvy website, how to know i got allotment or not??

Bhai when ipo is not even fully subscribed and you have applied at cut off price then obviously you will get allotment....HDFC bank is taking time...my amount also still blocked in that but many other banks have debited amount...

Got 2 lots at 867 from sbi.

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.

@stkanlyst.. if it lists at 600.. means we see one of the worst market crashes in history..11k crore ipo is not small ipo .....

@stkanlyst: ha ha ha.. Mugeri lal ke haseen sapne.. Bhai su su kar ke soja @ Sapno me milega GIC @ 550

GIC allotment done, tomorrow credited in demat and on Wednesday listing at around 942-952 if huge mutual fund buying come then 1011. GIC is food for big players and party for retialers, retailers applied single lots can hold for long term. It must list in Green colour.

Kuch bhi.....GMP discount me hai.......u r dreaming of 940....seems very difficult....

WhAt is the link to check box allotment

I got 6/6 Allotment @ 867/- in retail category ...

If applications of all retail Wil be alloted, then UBI and HDFC yet to give allotment as amount is still under lien..

Yes 855 no allotment. I think only 912 allotment done(without discount). So even if someone bid at 911, didn''t get any allotment. That''s why wanted to check basis of allotment. I think for price discovery, all bids are included (RII+HANI+QIB). If including all 3 category complete issue is subscribed at upper band, than price will be set at upper band only. Doesn''t matter if Retail quota subscribed or not.

Would like to know experts comments here of if anyone has link to basis of allotment ?

Ok ... Thanks for confirmation ... I got 2 lots at 912 .....

Got mail from ICICI direct, applied 1 lot at lower band 855. No allotment.

I applied at 912 n 856 ... R u sure 855 not allotment ....

i had applied for 2 lot using ASBA of central bank I got msg that 27444 rs has been deducted
please tell me your opinion about opening price. This is my first IPO

It must be Rs 27744/

I got 1lot 867rs

Igot one lop at867 rs 16

Amount still not debited from my bank of baroda amount and amount is unblocked . does these mean i will not get allotment ??

I think allotment is not yet completed by Karvy. My HDFC sec account is not showing any updates. Karvy site also not having allotment status shown.

I''ll file a complaint with SEBI if no allotment is done I have applied under retail with cut off price.

Allotment done , money debited from SBI account

Allotment already done. Received mail from icicidirect.com.

Amount not debited in HDFC Bank. As usual, they are very slow in these matters. Have to wait till Monday.

Hi HDFC BANK Account Holders,
Could you guys confirm me whether amount debited from HDFC bank since mine 6 lot amount still not debited...

Appreciated for your quick reply.

Have checked @ 8pm..no debits yet from HDFC bank.

Still not debited

Today amt debited for 2 lots from my Corporation Bank account.

Good news for allotes.
2 lac application trading at 6500 today.
Chances of listing at premium increasing

Premium jumps from -5 to +10 to +5 to +15
Net gain of 45+15 = 60rs
Enjoy listing

????

Thanks that will be no pressure selling from nii portion which usallly borrow money...