General Insurance Corporation of India IPO Message Board (Page 49)

Hello Senior Members,
What is the analysis of the 4.00pm final data for GIC of QIB & NIIs subscription?
Should we, the retail category investors take risk and put money?
Please guide me.

Subscription at 2.50 pm
BSE + NSE

QIB : 2.01x
NII : 0.12x
Retail: 0.39x
Emp: 0.78x

Total : 1.16x

Flop Show...hope retail discount is safe by listing day.....????????????

Too early to make judgement. Wait till EOD

WHAT EOD ?
Its a flop Show now.....not expect anything now

I applied through ASBA of Federal Bank. What is the process for withdrawing and till when can I do that? Help please..

should i apply for 2 lakh for taking 9-10K listing gain if i get even 5% gains due to discount or whatever......just a risky deal...?

@Lokes: Retail has discount of Rs. 45/-. Punters are giving 3000 for a 2L application. Which means that it will give minimum profit of 4000 or more as otherwise they wouldn''t offer 3000 to us. Apply without any fear.

i have applied for 10 lots.....

Latest SUBS.FIGURE please????

Kya karna hai if gic is listing discount?????

Any one pls reply

@pratik With all good companies what would you do would be the same thing you would do here. Dont panic and run but dip and average at considerable lows if any.

What if I apply at lower price band in Retail category as it is under subscribed?

What will be the discounted issue price if I do so?

The discounted issue price would have been 810.

Applied only cut off if I want allotment

In spite off -35 rs means full 4 % discount in grey market ...still they have made bid FII rs 500 crore and MUTUAL FUNDS rs 565 crore.....low participation is due to grey market discount....now in grey market discount was trimed to -26 rs....

Hopefully we will get upcoming psu ipo''s at better price , after this flop show !!

Since the overall subscription is above 1x, no one will get shares below 912 (discount applicable in Retail & Employees). Don''t apply at lower price or your application will be rejected.

By mistake I replied the below msg to someone else....

@newbeearound: First allotment preference will be given to the people who have bid at 912 (including retail and employee discount). If any shares are left, irrespective of category, they will be allotted to the next higherst bidder.

In the current case nobody bidding below 912 (except retail and employee) will get any allotment for sure

@Rajkumar: Thanks. You have a point. In fact the preference order between "highest bidder" and "issue category" should be defined in the SEBI regulations. I will check.

GIC at 3 pm:-
Q      N      R
2.01      0.121      0.393

So tight slap on Govt.. out of so far bidding done both NSE and BSE , domestic institutions have done 82% of that.. hope they go back to drawing board and think better statergy how to do better in upcoming IPOs like IRCTC and all.

Day dream

This is result of greedy FM n as well as Govt strategy ,they think name is important but investors r not fool at all ,so govt manage so difficult there image on listing day.agree with big slap on the face of Govt.

After seeing the pathetic response by HNI & RII categories, I am happy that finally individual investors have become alert about the valuations and boldly said NO. A solid slap on face of a popular Govt who wants to sell the peoples'' assets to the people at the maximum price like a greedy private promoter!

*General Insurance Corporation of India*
FINAL DAY SUBS.FIGURE AT 03:43 pm
QIB 2.27X
NII 0.13X
RII 0.45X
EMP 0.88X
TOTAL 1.31X

Total No.of FORMS : 499861
*Apps Wise : 0.18X*

is se achha subscription to Green Signal Bio Pharma ka hi ho gya tha Retail me :/

bhai isme total number of shares pata hai kitne hai....how can you compare....it is possible that much more people has applied in this in comparision to green signal bio pharma etc...but due to its high size, subscription figure will be low.....

application wise 0.18 ,,,,haha people going for big bids

Yes , gamble sir

subscription of qib not as per expectations evn not 4-5 times ,,,,,!!

i thnk its like a sbi life insurance which give profit on listing after that price decreased when lic sold its portion. ..any suggestion please...this is my another worst dicission to apllied this ipo after sbi life insurance ??? or it will give me profit in long term but as per economy times its highly priced it is so?????

Against quota of 62,282,640 shares in QIB bids for 125,186,384 shares have been received till 3 pm. Hence I feel who ever are left to get a piece of the pie, will buy at listing, so no need to worry in my opinion.

Interest + Expense of a 2L worth allotment is not more than 1.5k in any condition for a week or 10 days time. One is getting 3k and a chance for extra "potential" profit. Apply with full force, if things turn sour at later stage, just sell your application at anyprice higher than 1500 and you are safe. Take some risk.

list near 955

Planning to apply 6 lots.. whether its good decision or AVOID??

Apply with full force. If possible make a 2L application so that you may be able to sell it quickly if things look bad later on.

It is good for long term.

I have a feeling that GIC will price the share at the lower end of the band i.e Rs 855 due to poor subscription numbers. And if that is done then it could be a cracker of a diwali. Cheers :-)

General Insurance Corporation Ltd. IPO
Subscription figures (BSE+NSE)@3:30PM:-
QIB - 2.21X
HNI/NII - 0.13X
Retail - 0.44X
Employees - 0.87X
Total - 1.29X
Apply for full 2 lakh.

First allotment preference will be given to the people who have bid at 912 (including retail and employee discount). If any shares are left, irrespective of category, they will be allotted to the next higherst bidder.

In the current case nobody bidding below 912 (except retail and employee) will get any allotment for sure.

On such a low subscription you are still maintaining to subscribe for full quote of 2 Lakhs for retail, strange