General Insurance Corporation of India IPO Message Board (Page 45)

what price finally fix for this issue 912 or less ??? any updates guys i applied 2 full application any buyer for this ???

I have placed my bid for 3 lots at the lowest band of the price bid.. ie 855.
Will i get any allotment as retails portion remains largely unsubscribed??

I did same thing.
I applied 3 application @ 855 -45 = 810 rs.
I think i must get allotment. as i applied in RII and it is under subscrib.

It is expected to list around 900 and it will not go down. As maximum allotment will be QIB.
Shorts keep away from GIC other wise big loss.

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

Lic will never allow any one to distroy there brand image...now lic is 6 to 7 % stake holder in gic...They r very clear from first day...

I am little bit surprised by NII figure....They have applied shares worth off rs 380 crores with what expectation...at the time when discount is 35 rs......

Grey bhav 28-30 (minus)
Application 2 lac buyer only 3100

I m from navsari and business surat

Current grey bhav is 3900 per 2 Lac app

Have I done a mistake by applying at higher band(cuttoff)? I am normal individual investor..it got subscribed only 16%. That''s y asking this question.

Pls advice..

Thanks DPCDSL...still.if price is finalised at lower band(minus 45/-), and I get allotment, will the debit from my account be final amount (855-45 *16 = 12960/-) & for rest Lien will be removed?

Some body send this msg to me......

Gic price set to 867 and for retialer it is 822 after 45 discount ......fwd msg

I want to sell my application. Any buyer

Raj Kumar Bhuj is absolutely right. My broker is a strong buyer @ 3900 , no seller. Mr. Arup , you should check with your broker and then comment.

By the way, Gamble Saab looks to loose both the battles. GIC is rocking and IEX is shocking. GIC only buyer @ 3900 for 2 L app and IEX only seller for Rs. 90 per small application.

Manjit Singh Saab is heading for double victory. Both GIC and IEX.

Before, making fun or mockery of my post, please check grey market bhav with your broker.

GIC: Another Coal India in making

If i want to sell my application .who is buying?

Contact your broker. Since its an all-cash deal, only people who know you will deal with you. Which city do you reside in?

This Government IPO was more like a OFS than an IPO. Greedy government.

Yesterday I have applied through SBI netbanking, today it is showing status as "Failure". Never it has happend earlier. What might be the reason?

Same here

I have also got message of lien failure from SBI I have applied on 12 octb9.00 pm

Guys don''t worry... While momentarily premium was down due to low subscription, it has hiked now with a surprise.

Today morning Sub 2 - 3100, late afternoon - 2700, now - 3400. Don''t worry guys listing will be good.

By mistake I mentioned Sub 2, actually the rate is for 2L application. BTW current rate is 4000. If you wanna sell, contact your broker.

@Arup Jamshed: I believe you haven''t applied for GIC and are here just for mockery of people who has applied. Bro contact your broker and get a reality check.

I am investing in IPOs since long time and have been actively trading in Grey market premium too. I know what I am saying. Don''t spread rumors and try to scare budding investors.

Hi,
GIC is not subscribed 100% in retails.I have applied for 1 lot at cut_off price.How are the chances of allotment?.

Full16 sjares

As of 8 pm, 73% of total GIC bids are placed by Domestic financial institutions.

Price      Cumulative Quantity

Cut-Off      23153872

912      166,814,048



and IPO size was 124,700,000 Equity Shares..

source:
https://www.nseindia.com/products/content/equities/ipos/ipo_bid_data.htm?symbol=GICRECUMU=nsebse

Around 97% of total bidding done for GIC is done at upper band.. only 3% did at price lower than that..

so it will get fixed at upper price band.

All said and done, the listing price will be determined by LIC, the Big Daddy of the stock market. If someone is ready to bid for 8000 crores of stock, is it a big deal for him to bid for the balance 3000 crore and change ? Once the entire free float of stock is cornered, the price can rise to any level set by LIC who can then release the stock in small manageable quantities as per demand ( Remember MMTC years ago when a few investors had cornered the floating stock ). Am looking forward to riding on Big Daddy''s shoulders.

On Both Exchanges Highest bids on 855Rs .
its mean will it will be Available on 855Rs and for retail on 810Rs .
Experts view please......??

**will it**?

Thats cumulative bidding and hence 855 has the highest which is a sum of all biddings above the price..

My 4 full applications are still "Scheduled" on SBI. Wanted to cancel but couldnt. If I make profits, I am gonna buy SBI shares with profit, if otherwise, I will sue them :)

Do not worry. Please check the application no at BSE site. If submitted will reflect there.

Still scheduled at 11.30PM. I had modified the applications from 208 to 224. BSE Site shows 208. So, the modified application failed. I wanted to actually delete the bid but wasnt able to. Lets see what price it lists at.

Gic price is been set to 867 and retail investor it is 822 ... Got a sms for lien of 13152 from idbi ...

Actually he makes. Good value by applying @822 as issue not y subscribed under retail GIC may fix issue price @822 as there may be many who applied @lower price and if considered only cut off it higher price issue wid have less subscription........

You deducted 45/- while bidding, means you applied @867 (912 - 45), since it was within price band (855 to 912), bid accepted and in retail category fund blocking done after 45/- discount means your bid price 867/- less 45/- and thus 13,152/- (16 x 822/-) blocked.

Discount of 45/- calculated twice.

The price on which allotment shall be made is to be decided by BRLMs with consultation of Stock Exchanges with in next 2-3 days just before basis of allotment.

Sorry out of the topic...
Can we buy Infy now for tender in buyback? Opinion pls

ICICI Lombard received total bid of Rs 16986 crores and dipped 3.39% below issue price on Listing day
SBI Life received total bid of Rs 29820 crores and its lowest price was 0.24% above issue price on Listing day
GIC received total bid of Rs 15638 crores. Arjun Patel has quoted GMP for buyer as minus 21, it means if someone buys for 891 in grey market then he is expecting listing over and above 891 which means we are still in 24 rupees premium. On 2 lac application profit is around 5000

Those who have not applied don’t spread negativity
Those who have applied for minimum lot, it will be neutral for you
Those who applied with full force don’t feel pity for them because then are big daddy of market; they can easily manage any consequences.
Worst case scenario if it lists 10% discount then loss is around 10000
Best case scenario if it lists 5% Premium then profit is around 20000
Risk reward ratio is favorable
It is simply a calculated risk

Good , really good observation .

Very ture