General Insurance Corporation of India IPO Message Board (Page 41)

Thank you sir! Do let us know if you get any response.

i heard in other blogs as well but not sure..

how come suddenly there is rumor of price band vo bhi after issue dates ?

Raj Kumar Bhuj
Humble question, whether it''s a guess of genuine bhav as yesternight I heard only 18-19 minus bhav.
Thanks in adv

I have multiple sources for trading into Grey Market. In almost every IPO I trade into GMP and hence I know what the prices are. These are the current prices.

Now it''s - 18 * - 20... After GODREJAGRO poor listing....

Poor listing !!!

Ur capital gained 30% in 10 day is not in any sense poor ????

If u see before subscription premiums were only 110/20 i.e 570/80 so listing is above expectation if not bumper!!

@gamble sir.....rajkumar just want too say that it is poor response after a splended listing now it is 590 .....soo gmp stand at 130 from 165 by other logical way..... it can effect other ipos gmp...

@Gamble: Manjitji has conveyed my answer. I am a Jain and hence didn''t really follow GODREJAGRO for obvious reasons.

I said poor listing coz it kept sliding after listing. It''s got other IPOs to slide as well.

@ Rajkumar how come -18 and -15 is Profit ??
please explain

Dear Tanmaya, I think what rajkumar sir meant was, Retail got 45rs discount in this IPO. So even if this share lists at discount of 18rs, retail investors still will be in profit.

oh ok..
So per lot 432- brokerage = 425-430 (approx).

Great kuch nahi se kuch ana to better hai... :P

-18 / -15 means 912-18 / 912-15
Hope its clear now.

Size of issue and valuation matters

Insurance companies are richly valued today because of tremendous growth opportunity in future. I feel only 10% Indians are covered by Life/Health Insurance. City % may be high. You see there is potential business growth of more than 10 times as population rises and awareness about insurance increases as time progresses...So, next 10 years earnings are factored in already.

It is like BUYING FUTURE TODAY

Traders money doesn''t chase long term growth story and hence these companies lack fancy and liquidity

Except for third party coverage in vehicle insurance it is not mandatory to go for insurance in any other thing. As such, growth in insurance sector cannot be assured in India.

Compared to the insurance coverage in advanced countries like the US, the Indian insurance coverage is a peanut before a mountain.

The insurance companies are making huge money by collecting huge premium and there are lots of hidden conditions and restricttions that even a learned man is not aware of. Only at the time of claims, the claimant comes to know of disappointing situations.

1. Medical insurance has lots of restrictions and there is no claim for outpatient visits. No claims for toothache, certain ailments etc. If you become old, after 60, there is no health coverage.

2. Only accident insurance is famous in India.

3. Lots of other types of insurances are there. People are not aware of them.


Its just my overview of the insurance sector....in spite of these odds, where insurance companies making big money......i m wondering why these insurance cos are not having fancy listing like dmart or at least like equitas.

Arjun sir say about Sheetal cool apply or not and its review. Regards.

Arjun sir i like your posts very much....mane ve gujrati avde che

5000 is good :)

Arjun sir many people are saying don’t apply in Anil Ambani’s company

I have 11 application

So whether I have sell it on kostal@600 OR
open the Same and take a risk ??

GIC Application Buyer 5400

Sir new year yani, 20th october, day after diwali or 1st january 2018 ??

Bit confused by that new year thing ????????

@ kenny saal mu barak in gujrat new year day after diwali....baisakhi in punjab new year....christians 1 st jann like that...

Manjit pajji, gaal tan thvadi vi sai aa, par arjun pajji da new year call, gujarti new year lai aa, ta christian new year lai ??

Haha

Wellcome back mam....wee all miss your knowlegable information....

I have huge Buyers at this -17/-19

Rajkot
GIC is Now in pure hands of MadanDas Group from Mumbai. They are working hard to list this above issue Price or at least at Par.

gmp is it plus ( 19 - 21 ) or minus ( 19 - 21 )

Arjun sir and Eagleye please view about Sheetal cool sme ipo. Apply or not? Regards.

-20

its on positive side not minus.. i believe same has been written by Eagle eye..

Not sure..