In a way it''s good that GIC didn''t get proper subscription. Government will be careful and come up with reasonable pricing for the other upcoming IPOs... Let us see...
--------General Insurance Corp. Ltd.----------- IPO subscription figures as on Final day at 3.00 pm(BSE+NSE) QIB---2.0101x NII---.1229x RII---.4036x Emp---.7922x Total---1.1651x
Apply GIC RE IPO at lower band, the cost price will be 810.00 per share. Everybody in the RETAIL section will get allotment irrespective of total Retail and Non QIB (HNI) portion remaining under subscribed. There is very low risk of loosing money in such a situation.
This time no one will have complaints on KARVY! Apply one lot and get one lot free scheme is on GIC!!! Diwali Dhamaka offer APPLY ONE LOT AND GET ONE FREE!!!