General Insurance Corporation of India IPO Message Board (Page 55)

If RII and NII categories are under subscribed, will those applicants who bid at lower prices get allocations?

Take out LIC bid, the subscription numbers are way too low. Better to skip or just go with 1 lot instead going with 2Lacs to minimize losses if it gets listed in discount.

Please advise on how to cancel the bid from SBI online ASBA application. Not seeing any option there.

Go to ASBA - ipo equity - ipo history or edit ipo then do whatever u want . Do it before 2pm today

1dimet and asba > ipo> edit > eares it

0.95X

Tortoise Walk

As a retail investor, can I apply for more than one lot? If yes then wouldn''t that surpass the maximum limit of INR 200,000?

yes you bid, but if ipo over subscribe you will get a singel lot. its no possibel in gic, gic get firm allotment.

One lot = Rs. 14592/- You can easily apply for 13 lots(189696/- Rs) without crossing 2lac limit.

Very poor subscription in all categories.. good for long teem but it will be available at lower cost after few days.

Speculators have always looked for listing gain. Nothing else is on their radar. This is a good long term investment, and not speculators cup of tea. Actually IEE was a better bet but people withdrew their applications due to the mess created in anchor allotment.

Speculators have always looked for listing gain. Nothing else is on their radar. This is a good long term investment, and not speculators cup of tea. Actually IEE was a better bet but people withdrew their applications due to the mess created in anchor allotment.

if no good subscription ,,,,, vhi bat ho jayegi...

Shares govt. se govt. k pas hi rhe gye lol !!.....only hands changing ha ha

Negativity Comes in Primary Market (IPO) specially Insurance IPOs. I have 10 A/c but im not applying for this IPO even i''m not in loss in any of the Insurance IPO . In SBI i got through employee category , ICICI is up by 4-5% .
It is better to watch on listing day and start trading and purchase on discount after 3-month if you are planning to hold this IPO.
Hold you Laxmi(Money) with you in coming diwali

Extremely Poor Response..
Just coz of Lic it has reached this level...else seems its completely Flop Show

Thinking must after read this ####
1st day subscription 0.8
2nd day subscription 0.9
Last day up to 12.pm 0.94
Just lic participation showing big factors n help them manage at least 0.94figure .
1st day to 2nd day rise only 0.1 n 2nd day to till rise only 0.4 !!!

Random allotment received by all applicants ,up to 10 lot 1 application possible.

No listings gain expected in GIC ,imo.but good for after 3rd qtr result.go for 6months view n get 15%gain surely.

Gamble sir is not applying ,Uchit Patel applying.
What''s ur view

General Insurance Corporation Ltd. IPO
Subscription figures (BSE+NSE) @12:10PM:-
QIB - 1.68X
HNI/NII - 0.04X
Retail - 0.28X
Employees - 0.56X
Total - 0.95X
Apply full application of 2 lakh.

*General Insurance Corporation of India*
FINAL DAY SUBS.FIGURE AT 12:07 pm
QIB 1.68X
NII 0.03X
RII 0.27X
EMP 0.56X
TOTAL 0.94X

Total No.of FORMS : 302810
*Apps Wise : 0.11X*

12.pm subscribe figure is below 1×
BSE 0.14
BSE 0.8
Total 0.94
Big question arises here who not allotted In godrej , should they face double loss on applying GIC, instead non allotment pain may rise after allotment in GIC

Total subscription ------------ 104%

from where NSE data taken ?

it''s show .80% on NSE site.

I Appolize for incorrect figure.

It is mistake on my part of taking 0.80 as 0.90, and mistake somehow occured.

I correct my self and the same be read as 94% (Total)

OK Guys. The crunch time has come to take a call o whether to invest or not in Re Insurance.
We common folk may not be able to use our limited knowledge about insurance and re-insurance business.
Shall we go by the world''s number one investor Warren Buffet''s choice on investment.
He says insurance industry investment is his back bone.
Should we say more??

If you Google "Has warren buffet invested in Insurance Industry?" you will get a whole lot of links to his love for Insurance.
I have copied and pasted from one such link:

Matthew Frankel (TMFMathGuy) Mar 18, 2017 at 8:22AM
Warren Buffett has a long and successful history in the insurance industry, and it has been a cornerstone of Berkshire Hathaway''s (NYSE:BRK-A) (NYSE:BRK-B) growth strategy since the 1967 acquisition of National Indemnity. In fact, Buffett specifically referred to the insurance industry as Berkshire''s "most important sector" in his latest letter to shareholders. Here''s a rundown of Berkshire''s insurance operations, and why Buffett loves the insurance business so much.

Berkshire Hathaway''s insurance businesses
Berkshire Hathaway has three main insurance subsidiaries and a collection of smaller companies that mainly write commercial coverages.

BRK Subsidiary 2016 Float Size 2016 Underwriting Profit
Berkshire Hathaway Reinsurance $45.1 Billion $822 Million
General Re $17.7Billion $190Million
GEICO $17.1 Billion $462 Million
Other $11.7 Billion $657 Million

I don''t think Warren Buffet was wrong in betting on the insurance Industry as the above table shows.
If it is good for him hopefully it should be good for us too.

Insurance companies are the newest entrants to the capital markets.
Not much is known about them and serious analysis is yet to happen.

Suffice to say Insurance industry is surely to grow as the policy holders to the population of the country is one of the lowest.
Just like mobile phones sooner than later, more and more people will get insurance coverage.
No Insurance company in the world will keep the entire risk to itself. It shares the risk by going to a reinsurer, pay a premium and sleep well at night.
For the reinsurer one line of income is the surplus premium collected over claims paid.
But the main source is the income from investments made on the float money at their disposal.
All claims will not happen at once. The money till then is invested to earn returns.
As the insurance industry grows, so will the reinsurance business along with more and more float money.

insurance companies collect sums of money known as float in advance for claims to be paid later, and invest this money in the in-between time for their own benefit.
For Example: Berkshire''s insurance customers are letting them hang on to nearly $100 billion, which Berkshire can invest for the benefit of its shareholders.
($100 Billion is actual figure obtained from Google and not my imagination).
So you can see how it is always profitable on the float money investment and returns on it.

Be the early investors in Re Insurance and reap rewards in times to come.

BOTTOM LINE: APPLY