General Insurance Corporation of India IPO Message Board (Page 43)

Plz can anyone tell how to sell application of gic??

Please add ipo group 9414513347

Please add ipo group 9414513347

Please add any ipo group
9414513347

My application is successful in SBI. please contact your SBI demat customer care.

My SBI ABSA bid failed in respect of GIC IPO. This is the first time happened to me in IPO history. What will be reason????

me too. I made only 1 application, still rejected. What can be reason?

I HAD ALSO APPLIED FOR 13 LOTS. EVEN THOUGH SUFFICIENT BALANCE IS AVAILABLE IN THE ACCOUNT, THE LIEN MARKING HAS FAILED

Many ASBA applications through SBI online failed. What happened?? Any clarification from the Bank? No.
Who cornered these shares as the data shows the retail investors category was grossly under subscribed. But remember there was a discount of Rs.45 on each of these shares so that the Company might have played foul and manipulated the SBI ASBA to take out the discount from the scheme of things. My guess is that, with its reach across the geography of the nation, SBI will most probably having the maximum ASBA applications from the retail category. Is SEBI taken note of the developments???

All investors are gone mad, infact HNI too.
No one is interested in applying good companies like SBI LIFE or GIC RE IPO.
Why you guys are skipping or withdrawing your bid applications.
These are good companies.
Insurance sector is in developing stage in India.
Wait for 2 years and the nifty 50 as well as SENSEX index must take insurance sector for its index calculation.
These are long term gems.
It may happen that insurance sector has a good weightage in index calculation in near future as the banking and financial institutions are not much worthy as of now.

Hi
I have applied as HNI in GIC IPO at 912. But I am apprehensive now that due to discount and general sentiment in market, it will list between 870-880 and I will get at 912. I will have to hold for long time to recover my money. I admit that I applied for listing gains only and had no intention for investment. looking for an advise on should I wait or cancel the bid by approaching the registrar. Thanks in advance.

YOU SHOULD WITHDRAW YOUR BIDS BECAUSE SHARES WILL AVAILABLE BELOW 900 ON LISTING. IF YOU WANT TO CANCEL THE BID YOU SHOULD MAIL LATTER IMMEDIATLY TO REGISTRAR.

GIC should fix the price of IPO at its minimum range (855/-)as it is neither filled by employee, retail investors...& ...Others

GOI and LIC are working as a team here. GIC ipo will be followed by New India Assurance Ipo in due course. For sentiment to stay positive it is logical to expect the team to ensure the price is in the green before the next ipo. All other factors such as grey market preminum /discount , underscription,,etc,etc do not appear relevant here.

Nice Observation.

Very nice well said

Mass ipo out now

Smart peoples have put in there money in this ipo ...and full 2 lac applcation ....what lic will loose or another domestic institutions at 912....nothing but retailers will get full 5.25 % .....how can u say that lic have bailed out this ipo....they have invested in the first 2 hour of ipo...we can use bailed out words if issue is undersubscribed at last 15 minutes and than lic have put in the bids of 7000 crore....who knows may be list at 950 rs......

@ABG there are many instances , where LIC controlled Govt company share price on listing day. i think you are new comer to the market.

Price of ipo fixed 822 (including retail discount)
Is it true?

This is article was in buisness standard on 29 july 2017. Anybody can google it. Stop saying Lic has bailout this ipo. 3 month back they have decided to invest in GIC ipo.


Life Insurance Corporation (LIC), country’s largest insurer, is planning to invest in General Insurance Corporation’s (GIC) Initial Public Offering (IPO), which is expected to file its initial share sale prospectus in the next couple of weeks.
However, LIC has no plans of investing in the upcoming IPO of SBI Life Insurance as it is a competitor of the country’s biggest institutional investor in the life insurance business, said V K Sharma, Chairman of LIC.
However, he mentioned that there is no restriction by regulator Insurance Regulatory and Development Authority of India (IRDAI) on LIC to participate in the upcoming IPOs of insurance companies.

Very True ..had read similar article on ET Markets app as well

MAS Allotment out..

Kitne lage?

0

Issue price will be 912 , no doubt in it........for retailers after discount it will be 867 !!

How u finalize upper brand,in book building price brand decided that which price mostly like or bided, here Lic is biding 75% of total size,if they lower price brand tn price settled lower brand.

@Arun Jamshe, LIC will definitely bid in upper band as it cannot go against Govt''s interest.

ONLY VERY SMART INVESTOR APPLIED IN THIS IPO WITH FULL AMT OF 200K,DEFINATELY THEY WILL EARN 8K AS IT WILL LIST 900+ ER RK GOYAL SLIET LONGOWAL

T

HI, NOBODY SHOULD TRY TO SPREAD OVER RUMORS IT WILL LIST AROUND 900,THE FELLOW WHO APPLIED IN RETAIL WILL EARN 7-8K FOR FULL APPLICATION.IT WILL BE DIWALI BONUS ENJOY IT RK GOYAL

Now look at gmp -20 only ......... it actually means 25 rs ......25×16=400.....this 400 is equal to mass financial....kosak....soo i mean why cannoy believe in lic.