General Insurance Corporation of India IPO Message Board (Page 56)

Subscription @ 12 Noon:

QIB: 1.53X + 0.15X = 1.68X (NSE + BSE)
NII (HNI): 0.01X + 0.02X = 0.03 X (NSE + BSE)
RII : 0.08X + 0.19X = 0.27X (NSE + BSE)
Employee: 0.19X + 0.37X = 0.56X (NSE + BSE)
Total : 0.80X + 0.14X = 0.94X

Though lot of negativity on table for this scrip, without debating on it, let me put some positive points

-Its diversified portfolio, spread well across segments, thus risk divided, with proven track record of years
-Growth seen substantially in it’s “agri -segment” since last two years, due to PM’s agri insurance scheme. Health insurance is next.
- Further this is reinsurance business, and such stellar show is worthy, even overall growth may look stagnant - its displaying strong position after entry of such aggressive competitors over year
- Presence outside India with tie-ups

On subscription figures, REMEMBER THE SIZE OF IPO and hence the money to flow-in for one time subscription in each category
-Also there had been queue of IPOs upfront which absorbed some amount
- HNI/NIIs generally comes afterwards at EOD of last day, after yesterday''''s Godrej allocation this point have higher weightage
- DII can even buy later-on in such assured business, fortunately QIB filled on Day-1 (whatsoever reason discussed) so others are going to fill their portfolio with this in due course of listing. Such stable profit giving scrip could not be ignored in MF portfolios.

In my opinion, these points are enough to justify that there is nothing wrong in applying at least one lot per account as we do for other IPOs

Current subscription data please???

Don''t apply at lower price. If ipo is undersubscribe in retail then retail portion is allocated to QIB. QIB is already over subscribe at cutoff price.

If LIC not invested this subscription figure not even make 50%.

because of discount, many are invested..

Latest subscription only focusing on RII
RII is now 0.26

Please reply how much lot a retail person can apply 13 or 14...please reply guys

Apply at upper band and 1 lot, RII quota to subscribe 1X for sure. Thus no point in blocking more amount

@cut off price you may applied for 14 lots 224shares X 867 (912-45discount) =194208.00

As per market news GIC subscriber 1.80-2.25 Times at cut off rate.
So don''t apply at lower price band... If apply lower price band than no chance to get allotment of any shares...

At one time rcom .share was at 850. In 2007 now at 16 complete wealth destroyer beware of Anil ambani jp. Amtek Essar group These promoters are big. time cheaters

Sr.No.      Category      No.of shares offered / reserved      No. of shares bid for      No. of times of total meant for the category
1      Qualified Institutional Buyers (QIBs)      6,22,77,900      88,19,072      0.1416
1(a)      Foreign Institutional Investors (FIIs)      -      10,976      
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)      -      88,07,360      
1(c)      Mutual Funds      -      -      
1(D)      Others      -      736      
2      Non Institutional Investors      1,86,83,371      2,77,264      0.0148
2(a)      Corporates      -      80,544      
2(b)      Individuals (Other than RIIs)      -      1,92,160      
2(c)      Others      -      4,560      
3      Retail Individual Investors (RIIs)      4,35,94,532      78,30,400      0.1796
3(a)      Cut Off      -      68,28,304      
3(b)      Price Bids      -      10,02,096      
4      Employee Reserved      1,44,197      52,720      0.3656
4(a)      Employee (Cut off)      -      44,864      
4(b)      Employee (Price)      -      7,856      
5      Reservation PortionShareholder      -      -      
5(a)      RPS (Cut off)      -      -      
5(b)      RPS (Price)      -      -      
Total      12,47,00,000      1,69,79,456      0.1362



NSE Details
Bid Details for GICRE as on 13-Oct-2017 11:30:00 IST
Sr. No      Category      No of Shares
offered/Reserved      No of shares bid for      No of times of total meant for the category
1      Qualified Institutional Buyers(QIBs)      6,22,77,900      9,55,25,888      1.53
1(a)      Foreign Institutional Investors(FIIs)            0      
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)            9,55,25,888      
1(c)      Mutual funds            0      
1(d)      Others            0      
2      Non Institutional Investors      1,86,83,371      1,41,392      0.01
2(a)      Corporates            8,624      
2(b)      Individuals(Other than RIIs)            1,26,816      
2(c)      others            5,952      
3      Retail Individual Investors(RIIs)      4,35,94,532      35,05,488      0.08
3(a)      Cut Off            27,86,080      
3(b)      Price bids            7,19,408      
4      Employees      1,44,197      26,144      0.18
4(a)      Cut Off            21040      
4(b)      Price Bids            5,104      
Total      12,47,00,000      9,91,98,912      0.80

As retail segment subscribed only for 16%, will I get allotment of I bid on lower band(-45)? Any chances of allotment OR it always has to be on highest value?

If I applied at lower price band and retail quota do not subscribe full, will I get allotment?

Thanks in advance

The amount invested should not be more than Rs. 2 lac. for RII.

You can apply higher rate ,if rates decided on lower end then share will be alloted at lower rate and excess amount refunded. Now a days refunds are made within 7 days of IPO closure and 95% applications are of 1 lot only in retail, so better apply at cut off rate

GIC SOLVENCY RATIO LAST YEAR 102
THIS YEAR 100

MEANS COMPANY MAKES GROSS LOSS
PREMIUM IS LESS CLAIM IS MORE
RE INS BUSINESS RISKY NO ONE APPLY
GIC AGRICULTURE BUSINESS MORE
NO MONSOONS MEANS LOSSS

IT WILL LOOT U
IT WILL KOOT U

RAVI M GUPTA ALL MAKING FOOL
RETIAL PRESSUREE HOGAI 860 IS NICHAE LIST HOVAAA

MARK MY WORDDSSSSSS NOT TAKE RISK
OPERATING LOSS HAI COMPANY ME PLZ CHK NO ONE WILL APPLY RETAIL KO DISCOUNT DEKE BEBKOFFF BANAYAI GAYAI HAI........SORRY FRIENDS GOVT SELL KAR KE BHOOLL JAYEHA RISKY HAI......

LIC KO CHOOOD KE KOI NAHI LAGAAYGA...LIC GOVT PRESSURE ME LAGAI GAYA HAI SAFE CAPITAL......

It''s not solvency ratio....it''s combined ratio fallen to 98 this quarter...look at loss ratio to know what you want...it is 81....so premium received is more than claim settled.....

ha ha ha u don''t know the retro business of reinsurance, Gic not only spread his all risk to the whole world through the retro session but also making the good profit from his investment.
all insurance company in India pass their risk (part risk) and premium to Gic.

Slowly picking up.

No marked improvement today.

definitely disappointing.

Just crossed 92%

Demat Account with Zeroda, it is possible to Apply this IPO

yes through net banking u can easily apply.......

@ shubhash
my demet account is in Zerodha. Bank account is in ICICI. I don''t know how to apply from ICICI net banking. if u apply from net banking, contact me on 9769 720 366. you teach me how to apply.

@prashant , 14 lots u can apply

@ankur , i am applying ,,,,,,in worse case listing will be @850 around.....17 rs. exit with loss not a big........

market se khub kmaya h to ...itna loss to bear krna ana chahiye !! risk loge tbi paisa bnega

So many different view on this ipo..some saying apply some avoid.....better to not listen anyone....& apply as risky bet !!

if no discount to retailers...i clearly avoid....but here 45 rs. discount so its a safe point to exit if listing below estimation.

BIG SCHOL OF ECONOMIC SAYS NEVER PUT MONEY IN RE INSURANCE COMPANY THEY CAN MAKE HUGE LOSSSSSS.......BACHAIIII

https://seekingalpha.com/article/1069051-an-introduction-to-investing-in-reinsurance-companies

Please read this, Reinsurance or for that matter insurance companies will face losses during black swan events, so that does not mean we will not invest in insurance companies.

PinkyJain ji (forgive me if mistaken identity), you should be made guru to Warren buffet to teach him economics as he is surviving on reinsurance business....aap India mein kya kar rahi hai....

Subscription details GIC IPO :-

QIB 1.53+0.1416 = 1.6716
NII 0.01+0.0132 = 0.0232
RII 0.08+0.1462 = 0.2262
Employee 0.17+0.3517 = 0.5217

Total 0.79+0.1242 = 0.9142

What should we do?

Apply or avoid considering listing gain in RII category?

please reply that retail can apply for how many lots...

Applied 2 lots

*General Insurance Corporation of India*
FINAL DAY SUBS.FIGURE AT 11:03 AM
QIB 1.68X
NII 0.02X
RII 0.23X
EMP 0.53X
TOTAL 0.92X

Total No.of FORMS : 262151
*Apps Wise : 0.10X*