General Insurance Corporation of India IPO Message Board (Page 44)

AT WHICH CITY

Dont say that they will buy to average

They will buy coz an IPO isn''t over till it has a good listing. Bidding is just one part.

IPO is over & LIC has already performed its part. As far as the image is concerned govt cant be worried if any ipo gets listed at discount bcoz They will still get votes.

If you think its about votes, you are grossly mistaken my friend.

Many more PSUs are in line to float their IPOs. A weak response will give them huge trouble for rest of the IPOs. After seeing the response to GIC they will think again about future IPOs.

Money realized from IPOs will be used to fund the mega infrastructure dream of Modiji and I believe everyone knows that once Modiji decides something, nothing stops him. Maybe next IPO will have more Retail discount or there may be no HNI or it will be priced more attractive. They need money and PSUs are cash cows they have.

According to you If it goes down say two days after listing govt''s image will not get spoiled ?. As you said that the govt is collecting funds for modi''s dream then again you are self contradicting why should LIC buy more shares as LIC is also a govt organization. If LIC is buying then it will keep shares for long term nooo

RAJKUMAR BHUJ YOU ARE ABSOLUTLY RIGHT

Its like saying.... Fund ki jarurat thi family ko to house ko bechne auction market mai laga diya lekin auction mai kisine interest nahi jataya to reputation ke vaste mere hi ek family member ne uuche dam par vaps karid liya...

Family ko fund to nahi mila ....fund kha heee..Its a game being played by arun jaitely. He wanted to bring into confidence the public on very first day of IPO. As far as other Upcoming PSU IPO are concerned, the public will run to buy irrespective of GIC listing provided reasonable valuation.

When people loose money, it leaves scars. If you don''t believe checkout the Reliance Nippon IPO Page. Half of the members are still complaining about losses of RPower IPO.

Arun Jaitely isn''t as stupid as you may assume. If listing of GIC goes sour, nobody will apply for next PSU IPOs.

Nippon valuation is also high & past track record is just a rhetoric. Still public will apply with full force looking at GMP. Eee to ek do logone rpower ki gadiii start kiii or baki sub logg chalti gaddi mai chad gaieee

& I m not saying that arun jaitely is a stupid. In fact he is a master mind & right hand of modijiiii. As you rightly mentioned, He will take every possible step to collect maximum money to build infrastructure to show to the public in next election.

Sir, there is no confirmation about reducing in allotment price. Please don''t spread rumors otherwise share the source of your info.

Dear puri

from where did you get the news of issue price?
as per your message, issue price is 867/-

From where u got this news ?

SOURCE OF GOOD NEWS PLEASE

Puriji how to verify that GIC has finalise the cutoff price as 822, what is the basis? Would U please link supporting your statement ?

If price is fixed above 855/-, you shall not be allotted any shares. Chances are bright that price may be fixed below 912/-.
If you have applied at ''cut off'', you shall be allotted shares which may be between 855/- to 912/- and 45/- discount on that price.

Can you explain how the price is fixed. Since it has been oversubscribed in QIB category and undersubscribed in retail. Will their be a single allotment price for both retail and QIB category or different.

Yes single price for all bidders retailers will get a discount of Rs 45 on final price

As per me ,you will get 1 lot of RII

Your Understanding is wrong Ravi Shah.

Overall Demand is considered to arrive at Cut Off Price. All bidders are allotted Shares at Cut Off Price.


Any bid below the Cut Off Price will not be allotted Shares. And there is practically loss in Bidding at Cut Off.

I applied 4 lot in 3 account @ cut off price .... if my allotment done than what price will done for me??? pls tell me ...experts

what is single price ?
I had applied at 855-45=81 - 3 lot . I will get allotment or not?
if not then y?
if yes then y?

Debraj

Since you applied at Cut Off (retail category ).

Retail Category is under subscribed.

Therefore you will get 100% Allotment at Cut Off Price. Here the Cut Off Price is expected to be Rs 912. You will get allotted at Rs 912 minus Rs 45 ( Retail Discount)

##########
Cut Off Price is decided according to the overall demand by bidders across all categories.

**Cut Off Price is the highest price at which the issue is subscribed minimum 1 times.**

You can refer to the Demand Schedule on NSE or BSE Websites. Or wait for the Basis of Allocation to be updated on the Registrar Website.

For retail investors it is always best to Apply at Cut Off Price and Sit silently for next 6 Working Days. As worrying won''t change anything.

The Allotment Process is pretty fair as per the SEBI Guidelines be it Karvy or Linkintime. Exception was during @2005 -2006 there was some rigging with Issues like IDFC and Yes BANK. But after a few years Bidders were compensated on a proportionate basis I also got @ 200 against my bid for 1 issue.

DEBRAJ DEBNATH MOST PROBEBLY YOU WILL GET AT THE PRICE 912-45=867

RAVI SHAH MOST PROBEBLY YOU WILL NOT GET ANY SHARE

thanks Vijay M Agarwal ji

Ravi Shah

NIL Allotment as Cut Off Price expected to be higher then your Bid Price.

Cut Off Price expected to be Rs 912 /-.

But the portion reseved for RII is must to be alloted to RII and also if HNI portaion is remained after allotment this portion is alos alloted to RII e. g. see crain india ltd IPO compont alloted firm allotment to RII at lower price band.

As RII is not fully subscribe then who will get this share?
What is meaning of qouta if QIB is getting share?
As RII having range of 855-912 , there 35% should be divided into RII ?
If QIB getting all share that means RII always have to bid at highest level ?
In this kind of ipo , QIB are making money?

In SBI insurance ipo ,i had applied in RII @700 upper band then also i didn''t got alloment by karvy.
It seems to be golmal

????????????????????????

Very true..will call everyone to hold for week on so..

LIC already bid shares of around 7000-8000 crores rs in this ipo...

QIB was subscribed 2.25x so even after adjusting the balance retail and NII quota, QIB will not get 100% allotment as per their demand. Biggest bidder was LIC and hence I believe the money that will be returned to LIC due to Non-allotment may be used to provide a decent listing. I am not very bullish but I feel listing around 890 is definitely possible. This will give 5k plus profit on a 2L application.

Absolutly not.it will list around 920.its game of qib .they will decide which price to be list .