General Insurance Corporation of India IPO Message Board (Page 48)

GIC IPO alike DLF IPO wait and watch.
It''s listening gain will very good and best for sort term to long term....

After Reliance , Next IPO is Mahindra Logistics & Khadims

Gamble Sir

I have applied 5 applications of Rs 13000/- each at lower band @855

It will be reject or not?

I take decision due to non subscription of retail quota but overall subscription is more than 1 time.....

Please guide

Thanks for replying


Thats why put applications at lower band....

Aaya to theek nahi aaya to bhi theek

You have a non-zero probability of getting shares at 855.

Considering the overall poor response, It will be difficult for the government to keep the "Cut off" price at high end (912) but can you really trust the government.

After Reliance , Next IPO is Mahindra Logistics & Khadims

Looking at overall subscription numbers, Government should set the price at 855 per share.

They may.

If LIC didn''t take 71%
Overall subscription till now would have been a mere 62 % !!!

Some stocks are for long term. It is such a huge issue and the response has been mixed. I still feel many mutual funds will start accumulating this stock. Keep it for life long and forget it. I am sure it will come up with good dividends In the near future. Many members are just creating panic for no reason. Whole stick market is expensive. Sbi, Icici Lombard and GIC are safe bets. Accumulate at every dips.

who knows, GIC may reduce the price , bcas LIC has bailed them out

Applied for 4 lots. Now profit or loss, will take it as it comes..! It is done for me till listing..

It will definitely list at a discount. Still people who have applied at lower band will make money as the cost will be 810.00 and it is likely to list at a discount of say maximum of Rs. 62 that is around 850.
Rs. 40 per share on 240 shares applied is 9600. If multiple application then multiples of 9600.......
This is the what I expect after going through various interactions with brokers, dealers and other available information.

@Dhruv Kathpalia, those who have applied in lower bid value will get allotment only if the cutoff price is fixed in lower one, otherwise their application will be rejected irrespective of retail quota is fully subscribed or not. If majority of QIBs applied in lower bid value then only the chances of fixing in lower bid value as cutoff price may be considered. My guess is that the issue price will be 912 with admissible discount to retailers. But, listing price could not be judged in view of prevailing market condition.

Larger Players and operators change their game every time to ensure that they do not lose money on their investments. Due to this un-predictability stock market investments are relatively high risk - high return investments.

Retail investors are mere followers in the market and not much role in price discovery post listing. Price after listing will depend upon the demand (mostly large investors and operators) of this stock after listing which may or may not be as bad as demand scenario in IPO.

I think retail portion will not fill more than 65%
HNI due to 0 GMP will not be encouraging..
So unfilled will go to QIBs
So Why they will heavily buy on listing day...
Retailers will sell

Abhi take KA response dekhkar lagta hai
----Qibs waiting for retailers to apply
RIIs waiting for Qibs to apply...----
Hahaha


What is your opinion???

HNi is nt gng to apply full forcely

After this miserable figures
Selling application is better choice
Why to take risk??

Follow this mantra, never ever invest in any IPO: Mohnish Pabrai

Read more at:
http://economictimes.indiatimes.com/articleshow/61064733.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Good article... thanks for sharing... But I don''t agree with this mantra "never ever invest in any IPO". One should be careful and apply in selected IPO after proper homework and research....

Then You should not be a part of this Forum.... ;)

Retail Investors have no reason to complain about allotment of shares in this issue . As the issue is not fully subscribed under retail category , all applicants will get firm allotment . Rejection may be on technical grounds . Other than that no other ground for rejection of application. Still keeping fingers crossed .

Rii ने ईट का जवाब पत्थर
पुंगी बज गई रे

I have doubt that it''ll be alloted at lower price (855). If anyone remember, Indigo was also undersubscribed but allotment was done on upper band only.

/ipo_basis_of_allotment/indigo_ipo/492/

Sir/Madam, I do not see Indigo being undersubscribed in any of the categories. Could you please explain your statement?

Hi if retail category is under subscribe should i apply at lower price???

I applied at 855 bt after ur reply i cancelled that bid n now i applied new at cut off price

Thank friends

General Insurance Corporation Ltd. IPO
Subscription figures (BSE+NSE)@4PM:-
QIB - 2.25X
HNI/NII - 0.22X
Retail - 0.48X
Employees - 0.9X
Total - 1.32X
Apply for full 2 lakh.

Foks,
DON''T WORRY ABOUT ANYTHING. JUST SEE EMPLOYEE QUOTA SUBCRIPTIONS FIGURES IT ALMOST SUBCRIBED ONE TIME. SINCE IPO SIZE HUGE SUBCRIPTION WILL BE BELOW PAR. WE WONT LOOSE OUR MONEY. KEEP INVESTED.

applied for 10 lot. let see on listing day

I''m vey sure that people investing in retail category at Rs. 855 will get the shares at Rs. 810 irrespective of the overall subscription more that 1 times.
If Retail is not fully subscribed all the eligible applicants (after removing technical defaults) will be alloted shares at the rate they have applied and the balance shares will be passed on (transferred) to the HNI and QIB at the rate between 855 and 912, as applied by them and will be distributed from 912 to 855 in the decending order, meaning who has applied at the highest price gets at that price .....

The final price is always a single number in any IPO.

All investors in Retail should be allotted shares at the same price after determination of "Cut Off" price.

what are the latest subscription figures at 4pm....