General Insurance Corporation of India IPO Message Board (Page 47)

List below 800 sure 100% got internal news

Just wait and watch, it will be like Coal India…
Everyone will make money

Yeah kuch Jada ho Gaya !

About 4.5 Cr shares worth of bids from QIB will not get allotment. Won''t they come around and buy at listing?

I have applied 240 shares @ 855-45 disc so 240*810=194400
What are my chances of allotment

Unless price of 855 is finalized, no chance of allotment.

On a lighter note : GIC & KARVY Diwali Dhamaka offer for RIIs : Buy one lot and get one lot FREE!!!

Sahi h aap le lo allotment vale or muje de do free vala

it will be next Maruti of Insurance sector,hold if alloted mid to long term....MK

Hi, I have placed my bid at 865 on GIC and as it is not fully subscribed am I going to get IPO?

NO

Expected listing price range--- 883-897
Sell as fast as you can

Purely based on sub figures
Suggestions requested...

Agreed with Nicks

Qib cann’t sell. Retail and HNI were very less so who will sell on listing day to bring it down.

अगर किसी ने अप्लाई किया है और ये मान के चले कि 5 साल की Fd कर दी तो क्या 7-8% भी पॉसिबल होगा GIC मे!!!
(well i applied one lot only)

This is certainly a Best Sector Including AMC IPO''s
Trust for coming 5-10 years view, Insurance /AMC Sector shall give u fantastic Return.

Good to see employees subscribing 90%. The real diwali cracker will be if GIC decides to price the share at 855. Will it happen? possibilities are there. If it happens then Happy Diwali folks :-)

Robust growth, healthy dividend record make GIC offer attractive
Source: Economic times

India''s largest and the world''s 12th biggest reinsurance company, General Insurance Corporation of India (GIC), plans to raise upto Rs 11,373 crore from the primary market.

Of this, upto Rs 1,569 crore will be infused as fresh capital into the company while the remaining will be collected by the central government through stake sale. Given the company''s strong growth and consistent dividend record, the demanded IPO valuation looks reasonable.

Business
Incorporated in 1972, GIC is in the business of insuring the risk taken by insurance companies in India and overseas. Its product portfolio includes agri culture, engineering, health, fire, marine, and motor among other business lines.

In FY17, it collected Rs 33,740.8 crore in gross premiums (GP) of which over 30 per cent was from international business. Its overseas GP grew at an annualised rate of 25 per cent while total GP (India and overseas) grew 48.7 per cent between FY15 and FY17

Read more at:
http://economictimes.indiatimes.com/articleshow/61015078.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Looking at the offer size, even at 53% subscription in retail category good amount of money have been bumped in.

some listing gains is likely.

Investor who could not take part in issue , enjoy, all can get ,how much they want ,on listing
day in discount of Rs 100 then original applicant .... Keep amount ready ,,,,,

RII Hit 50% Mark

Applied 2 app

No I didn''t apply.

*General Insurance Corporation of India*
FINAL DAY SUBS.FIGURE AT 05:30 pm
QIB 2.25X
NII 0.22X
RII 0.54X
EMP 0.94X
TOTAL 1.35X

Total No.of FORMS : 594893
*Apps Wise : 0.22X*

*General Insurance Corporation of India*
FINAL DAY SUBS.FIGURE AT 03:43 pm
QIB 2.25X
NII 0.22X
RII 0.48X
EMP 0.90X
TOTAL 1.32X

Total No.of FORMS : 528897
*Apps Wise : 0.19X*


*QIBs LESS THEN BEFORE*

Sir QIB can''t withdraw their bids !!

i also think like this....
lekin fir QIBs ka subscription 2.27x se 2.25x kaise ho gya

At the very first day suggested that this gonna flop show. 45 rs was the only attraction here

Questioned govt decisions why this much delay for this giant ipo. Should hv listed decade ago.

Some of forum members suggested that big foreign institutions will die to subscribe GiC, but now @3.45 it not seems!! No one dieing!!

Even my expectation was NII may subscribe in RII for discount sake but that also not seems like happning.

Lic(Finance Ministry) played big with wrong hype imo.

Still lets hope whoever applied get some profit on listing!

Sales of 11k cr trading at 77k cr m.cap , PB 20,not cheap bet, short term nothing to gain at CMP imo , given CAgR 50% it may reward good if can hold for long.

Dmart must be in FNO in short term !! waiting for it...........

Many people those have applied in GIC through SBI ASBA at yesterday night, there applications r rejected today. My both application rejected. Received message from SBI as follows -
Your request to mark lien for GENERAL INSURANCE CORPORATION XXXX IPO(Equity) issue has failed.Any lien marked on your account for this transaction, will be released.

SACH MAI, SBI ne bacha liya.

integration issues folks, SBI has become a half cooked khichadi with thiose numerous associate banks as the ingredients served to ya''ll in a hasty manner. so for those who savored it, indigestion was but obvious.

After watching final subscription figure of GIC, I think - SBI NE BACHA LIYA.

My 4 full applications are still scheduled ????

General Insurance Corporation Ltd. IPO
Subscription figures (BSE+NSE) @5PM:-
QIB - 2.25X (closed)
HNI/NII - 0.22X (closed)
Retail - 0.53X (open only for offline form)
Employees - 0.94X (open only for offline form)
Total - 1.35X
Apply for full 2 lakh.

No risk no gain. I still believe the listing will be positive

those who have taken risk may be rewarded by GIC if issue price is finalised at 855.

Disc: i have applied in this IPO