General Insurance Corporation of India IPO Message Board (Page 5)

looking at FII purchase number, clearly they were short on psu banks, I think what accentuated the volume/price is the expiry tmr.

Thanks a lot @gamble sir.... Surely sell half tomorrow and then wait with your specified stop loss and for above 900
thanks sir..

I was not able to sell shares as i was not online after 2.30... please guide me guys what should i do tomorrow, I have 240 shares...

Samajho Jo hota hai, o achhe ke liye hota hai !
You will gain much more profit in coming days

@prashantbhai thoda chill kro,
If i were in ur position then i would like to do tomorrow/in coming days,

Sell 120 share whatever opening i.e 867-882
And hold remaining with 840 sl.

On BSE:
Quantity Traded-43,82,003
Deliverable Quantity
(Gross across client level)-16,93,058
% of Deliverable Qty. to Traded Qty.-38.64%

On NSE:
Quantity Traded-2,75,56,221
Deliverable Quantity
(gross across client level)-1,22,70,384
% of Deliverable Qty. to Traded Qty.-44.53 %

So tatal delivery- 1,39,63,442

Sold 40 shares @886 average price on 3:27pm and hold remaining. Good recovery.
A magical day for market.

Out of around 3.15 cr shares available for trading 1.40 cr shares changed the hand.
Expecting 912+ tomorrow.
Let us see whether other world market will support us tomorrow or not.
Learn a lot from today listing.
Already having good number of shares allotted in the iPo.
Still purchased 50 shares @854.20 at around 10.30.
Upset to see it tumbling to 780. Attempted to purchase 30 more at 784 but again changed the quote to 775 as I found very difficult to take further risk bcz I had to go for squaring off.
Expecting a sure loss of 3k. Luckily found turn around in the price. Started selling 10 @ 815 then 10 @ 829 then 10 @ 854 my purchase price then 5 @ 867 then 15 @ 889. Able to square off all the 50 shares by 3.25 p.m. almost at no gain no loss.
Thanks God.

Gic may pass its Issue price tmro

Age anewale kisi bhi Insurance co. mein paisa nahi lagaunga. Sab dekh lia... icici, sbi, gic... Age aur nahi, khun pasine ki kamai hain hbai.

---------------------------------------------------- NSE ------------------ BSE ----------------- Total
Quantity Traded ----------------------- 2,75,56,221 ---------- 43,82,003 --------- 3,19,38,224
Deliverable Quantity -----------------1,22,70,384 ---------- 16,93,058 --------- 1,39,63,442
% of Deliverable Quantity --------------- 44.53 % ------------- 38.64% ------------ 43.72%

GIC IPO

I have been advised that if you can hold for long term it would be good

Coz ...

1) In 6 months time ... It will be added to Nifty

2) In 12 months time ... It will be added to F&O

Insurance sector has no representation in the Nifty and GIC’s marketcap will be second only to SBI (Main)

Let me add that apart from these which are almost certain, I think in future maybe close to end of 2018 or early 2019 we might see Nifty Insurance on the lines of Nifty IT & Nifty Pharma

You saved a lot of my money Ma''am. Reading this comment of yours, I was ready to wait for 6 months and because of that I could finally exit above RII issue price.

I don''t understand, why are people giving in to fear? Why to sell something at loss only in the first few minutes of listing? You should not have applied in the first place as this was not going to be a heavily oversubscribed issue. because of a few losers, there are bulk buying orders around 850. If no one sells, Price would increase you Morons.

I salute everyone who predicted this stock would take years to reach it''s ipo level price, it''s a fact that insurance sector is at inflection point in our country which cannot be denied. This sector hence cannot be compared loosely. Another day I saved myself believing my own conviction.

IPO Super analyst.. it looks like Altamash is the real super analyst :P (please don''t mind)

popat bana diya IPO ne sab ka.. accha hai maine hold karke rakhe hain... 1-2 mahine mein accha return milega ab

Folk,
Why r you selling now ???

Already 90% shares LIC ke pass the...now LIC stake has reach to 99%.
So , don''t think it will go down tomorrow.

Hold till New India insurance opens for subscription.

I am holding my 48 shares.

What I feel ... Government is planning to raise 10k Crores via NIA. So they will try to keep GIC share price at 912+ 10 INR ( as a Gajar to us) before NIA gets open for subscription.
So I am planning to sell it at around that price.
Let''s hope for best.

Stock has closed at 898 and 892.7 on NSE and BSE. It''s the volume weighted average that is calculated at the end for reporting purposes that shows 874 as the final rate. No last minute volatility.

Good buying in last hour.
strong book value.Hold long term.

short term 867-912, should hover around it. But for long term, Good Bet..

can expect the listing around 1090

should list close to 900 up or down 20 if better sense prevails

Coal India was at the beginning of turnaround and not priced too high Not a single mf has taken a single share in gic and hardly fii subscription there as it is a overvalued at higher band ....and worse this is also a big ipo

ya man... listed at 1090...
if you dont know dont comment...
Just keep shut and follow the comments of Gamble and Eagle Eye..
Stop misguiding innocent retail investors...

Gamble, manjit and uchrit folks have excellent ananlyzing and you bang on your predictions. Hatsoff folks.

Fantastic comeback by GIC. Who ever short stock Burned there hands. Huge ipo impressive comeback. Shares changed to goodhands. Expect share reach 1000 before December. Advise retail folks don''t sell Ur shares. Insurance is the beautiful story in making. Hold tightly.

Were Little busy profit bookin in psu bnk,
Btw gic as expected turn out to be disaster,
All lic, 2L applications gone maze as predicted,

Let see if comes to my fair value 750 or not..

Anyone not take it personally, this type wrong decision will come and go, forget and let''s try to improve ourselves with some lesson

Refer????

35. gamble Oct 8, 2017 7:15:34 PM IST Reply
General Insurance Corporation of India IPO

............ GiC - The big boy........
Slogan - आपत्काले रक्षिष्यामि


Ratings
: A - '''''''' Excellent '''''''' by AM best(a USA rating firm)
: AAA by CARE

.... ... PRESIDENT(The Promoter) diluting 14.5% shares in this offer which brought @25 Paisa per share !!

..... GiC Premium growth in segment like motor, fire, marine etc increased 5-10% over last 3 yr, But strangely agricultural premium climed from 544 cr to 9073 cr( Thanks to present govt!)

PAT caGr = 6%(last 5yr),
......... .... 4%(last 3yr)

______-_______________________________=_______

@867 rs(RII price)

2017 EPS 36.52 => PE =24 (good!)

But,.... but,..... but

2018 EPS 29.24(mentioned in RhP, low due to FY18Q1 lower profit)

=> PE =29.7

NAV(BV) on june 2017 = 234.22 rs,
=> P/B ratio = 3.7x


________________________________________________
No comparable peers, but somewhat similar businesses like lombard

.... Firstly u can''''t compare directly with private firm(lombard), so here hudco(just for fun)(HF psu player) taken along with a lombard for better understanding


............ ...... GiC............. Lombard.......... Hudco

PAT caGr..... 4%. ................ 16%.............4.5%
PB(2018...... 3.8................... 7.8...............1.8
PE(2018....... 30.....................37................20

Concl frm above table :
1) lombard growing 4x then GiC, plus it''''s private firm so PE, PB commendable should be high obviously , imo should be 2-3 times, hence GiC is not cheaper then lombard (imo)
2) Buy HudCo at CMP(83) for better gain then GiC over a yr, available at much comfortable level

___________________________________________
...... GiC''''s 2018 yr gonna give it 1-2% CAGR over 3 yr(not good!), Expected PAT Lower then 2017

.... Ronw also seeing step back

........ ..2015......2016.......2017...... 2018
........... 19%........16.2%.... ..16%.......12.4%

...... Imo being a Wholly owned by government firm and FLAT growth , 30 PE, 4PB is
# fully priced.

If ipo comes at price of 25PE my views would hv different

i.e 25*29.4 = 735(15% less) [My Fair value]

.. ...... RII full allotment is confirmed(11.7K cr issue man!) , many decided to apply for max application i.e 2L (after seeing sbilife 5% listing gain) but i suggest to think twice abot that!!!
________________________________________________

Concl...

Being a PSU firm and discussed parameters above, issue seems to b fully price,

My view :
- Avoid or
- Apply with sell in kostak, subject to or
- subscribe for Atleast 1.5 yr

...... If want earn more than GiC over medium term then U may Prefer stock given on sbi life thread, or
Buy hudco at CMP or BuY lombard at CMP or even u can buy sbi life after some corrections

.. If u already decided firmly to apply then go ahead, as per current grey u can earn 2-3% on listing(on 867rs)

....... GiC should hv come up with ipo earlier, why this much delay, and why suddenly came up frm nowhere ????

Note : Above all views/recommendations are my personal opinions, take decision only as per ur personal opinions ????

...................................... ..........................................

Respected Gamble sir please share your view i will do now... i have 240 shares sir... i was not online today after 2.30....not able to sell them....please through some light sir... really needed...
thanks

sir please share your view... then only i will decide after your call... please guide what to do now???

Patience is the key to sucess .jisne bhi sabr rakha usne gic me paisa kamaya ..touched 899 day high .
Jisne bhi subah short kiye wo sab fas gaye ..
At last all retail investors benifited .

Sold @ 880 ( 224 * 3 + 208 = 880) shares on 880 rs, bach gaye ( lower price 867- 780 = 87 * 880 = 76560 + brokerage loss ) bhai, in Profit 11440 ( - brokerage)

Gamble Sir please share your view... what we should do with this... i have 240 shares... kindly share your view sir...