General Insurance Corporation of India IPO Message Board (Page 39)

GIC Ipo allotment prep has started but seems karvy is not quite ready https://kosmic.karvy.com/eipo/ipoapp.aspx

GIC is a massive IPO and delay in finalizing price shows govt and GIC s nervousness as this is a mega ipo like coal India and more Imp like ONGC (which tanked below ipo) and worst case Rpower.. Time will tell which way this ipo goes as such poor figures means big problem for govt and it will need to absorb retail selling vide LIC etc now that UTI is out of bounds once trading begins big brokerages will short ...
Will govt not care about small investor (history shows otherwise)? will it focus on financing the next ipo instead ?
time will tell....

karvy is not ready because they have no option but to allot shares to every legit retail applicant. and for them it must be very hard to reconcile with as there won''t be no evil satisfaction this time of depriving people of allotment and rights. a slaughterer has been asked to set the lambs free.

If the govt or gic does the stupidity of not pricing it at low band then
1. Gujju bhais will loose trust in Modi govt ipos
2. Govt cos NIC etc will have to give substantial discount in short term
3. only stupid people would subscribe henceforth in govt ipos

There can be legal cases and pils etc as this issue price discovery is just lic and lic which is one of the owners of this co !

Is the allotment out,it is today or tomorrow

I expect this to list near to issue price. Discl: applied for 4 lots...

When is the allotment??

When will the cut off amount declared by the Government for the GIC Re IPO.

Gic kab allotment hoga?

Allotment aaj hai ya 23 ko?

23

need to know only listing date, as confirm allotment on it.

Last night premium of MAS was 228-232. Today''s listing has disappointed the Grey market sentiment. GIC premium has fallen to -21 / -19

I cannot remember i single govt ipo which was listed in discount....in last 10 years ..

I agreed with Manjit & GIC is also listing above 1100/- very nice gain of all retails investor

when will allotment happen ?? Today ??

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.

If u remember nhpc fiasco
Hope u forgot
Oil india
Coal india

Rs 2 Lac applicants have come for listing gains only.

NHPC listed at 42 and made a low of 36.65 versus issue price of 36. Premium Listing. It did what IPO aspirants want. Game over in one day. Those who held for long term have their other reasons to do so.

I have applied on cut off..if price is set which is lower of the cut off....then what price of one share will be considered for me.? It will be cut off price or the decided price..?

''Cut Off Price'' is the lowest price in the price band at which issue is fully subscribed. All the allotment shall be done on this fixed or ''cut off'' price.

If said ''cut off'' or fixed price is below 912/-, say 892/-, you account shall be debited for only with that amount, means 13,552/- (892 - 45 x 16) and remaining 320/- (13,872/- - 13,552/-) shall be unblocked.

Thanks...dpcdsl

I applied 3 a lot at price 855-45=810 rs?
Is any chance to get allotment in RII?

Very remote chance of price to be decided on lowest of price band, hence bleak chances of allotment to you irrespective of the fact that RII''s portion is not fully subscribed.

If I remember right, GIC PE is around 30 as against Lombard 50+ and SBILIFE 60+. GIC should list above 1,000 mark.

Yes, u remembered right,
But
@2020 lombard PE 27,sbi life PE 40,GiC PE 30!!

Means in 2020 all gonna trade like this
Lombard 1.2k
Sbi life 1.1k
Gic 1k

Imo

You are right Gamble .. But the PE OF GIC will be same as it is today on account of hefty dividend payment... So valuation wise if we consider present value of future cash flows, it is a good investment option as good as ICICI lombard

Retail investor.
Don''t get panic to book profit as because GIC can trade in discount even if it opens in premium.
Wait for atleast 5 days and you all will have better opportunity to book profits.
I don''t know what others are saying but as per my view, I don''t think GIC will open above 920. Yeah but it will not go below 880 , atleast on the listing day itself.
Set a stop loss, all those who fear to loose money.
If you have enough money, please consider it for long term.

Many[RII] have sold icici lombard on listing day other hv sold due to sequential ipo is about to come,
but kash hold kiye hote!!

Decisively up 10% in 20 days, or 0.5% each day.

Result update(YOY) :

EPS 4.5 vs 3.80
PAT 204cr vs 171cr(up 19%)

Going at perfect speed,''''within 1 month'''' task(task no 2) has completed today,only tgt remains is now 810 i.e (13 % upside pending ) and it has 340 days(i.e each day 27 paisa!!) , let see if can complete or not

Refer this ????


20. gamble Sep 14, 2017 8:29:23 AM IST Reply
ICICI Lombard General Insurance Company Ltd IPO

... .... Lombard general insurance........

@661
2018 estimated EpS = 18-19 => PE : 37

06,2017 Bv 86. 54 => P/B : 7.6

BOTTOM LINE CAGR : 16%
TOP LINE CAGR : 24%

RONW = 18%

.....RII FORMS reqd near 14L..so yes full allotment under RII category.

...... No actual comparable peer but compare with prudential

..... ........ ...........prudential..... Lombard

, PAT CaGr : 4% 16%
, P/Bv : 10x 7.6X
, PE(2018) 36 37

, PE(2020) 33 27

........ So imo lombard general insurance ipo is fairly(if not attractive) priced given MKt conditions. Pru is lagging in terms of financials.

.......... Pru. Vs lombard is just like iphn 8 vs 10.....but All want 10 despite of valuation.

...... So @40 PE = 720* rs(within 1 mnth tgt if not listing)

@45PE = 810*rs(till 1 yr after listing)

* in my opinion only


.. .. ConcL.. .... ..

Short-mid-long term investment may consider.
Listing gain should be more than ½ FD imo.

7 day 3.5% return kaun deta hai bhai?? Or
365 days 23% return kaun deta hai bhai?

@majitji All the very best to people talking 1.1k on listing (isn''t it bit earlier to talk)

@mittalji at present scenario sbi life is in no trade zone, will strt buying now onwards in downsides, hold (kip view mr thn 6-8 mnths, remove frm ur watchlist till 6 mnth, pretend that u never had sbi life till 6 mnths!!)

Yes really,,,interesting bet this time....waiting for GIC listing !!

A debeatable bet that was.......Lets see wht will happen on 25th oct.

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.

Right

GIC (19.50) buyer

Is it +19.50 or -19.50
Please clarify

It is -19.5. so 45-19.5= + 25.5 GMP for retailers.

Since QIB will corner major share, less than 2000cr of retail will come into market and supply will be limited