General Insurance Corporation of India IPO Message Board (Page 58)

My personal advice,. Go for GIC ipo, as Every Government company IPO or ofs back up by LIC. and for IPO base price -912 will sustained after LISTIING as government already having backup plan with LIC to maintain base price of 912. So don''t sell on panic on listing....will not seen down fall.

I agree with you. every govt companies either ofs or ipo is supported by LIC.

Can I apply 14 Lots instead of 13 in Retail Category as 16 bid quantity X (912-45 discount) X 14 lots = 194208 which is < 200000 ?

You can bid for 14 lots

Application No. Bank Reference No. Category Status Rejection Reson
53309784 573813 IND Accepted By Exchange
You can apply for 14 lots. Please find my application details:


Application No. Bank Reference No. Category Status Rejection Reson
5xxxxxxx xxxxx IND Accepted By Exchange

Bid Details
Bid No Bid Status Shares Applied Rate CutOff Bid Amount Exchange order ID.
1 ExchangeVerified 224 867 YES 194208 2017101100079789

Reliance Nippon Life Asset Management (formerly Reliance Capital Asset Management) has fixed the price band at Rs 247-252 per share for its upcoming initial public offering that is scheduled to open for subscription on October 25.

The company is expected to raise Rs 1,511.64-1,542.24 crore through the issue that will close on October 27.

The initial public offering of up to 6.12 crore equity shares comprises a fresh issue of up to 2.448 crore shares by the company and an offer for sale up to 3.672 crore shares by the selling shareholders.

Guys stay away from this chor company. Please remember Reliance Power debacle. Issue of 269/- in 2007 is now quoting at 40. Beware of these chor brothers.

QIB can apply only at upper price ie 912rs or they can apply lower?

GIC will be bumpper gift for Diwali.......Great if list above or at 1OO1

BAPU KI COMPANY HAI KYA.....
RAVI KANT NEW MEMBER AAP KAHA THAI ABHIII TAK...NEW MEMBERS TO PROMOTE COMPANY..... CHEATING
..LOTT LEGA RETAIL KA PAISA

Diwali will be over till it lists.
And Your allotment will be a gift from Karvy!
And then firecrackers will burn!

There are 4,35,94,532 shares for RII. If 2 crores were applied at cut off, 1 crores at 900 price and 1 crores at 880 price and remaining unsubscribed then what will be the allotment price for retail investors. And what is the mechanism of it?
Please help me out of this .
Thanks.

That will be decided by BRLMs ,Gic

QIB subscription is only important for sailing through any IPO.
The highest price at which whole issue is fully subscribed is the "cut off'' price and when LIC is supporting it must be bidding @912/-.

If cut off is decided @912/- anyone having made bid below 912/- shall not be allotted shares in spite if the fact the category is undersubscribed. Unsubscribed portion shall be given to applicant of other category.

Which is more beneficial , If I apply at the cutoff price of 867 and suppose the issue remains undersubscribed or if I apply at 810

Apply using full bidding options:
Bid 1: 16 shares @912/-
Bid 2: 32 shares @883/-
Bid 3: 48 shares @855/-. after discount total 48x810/-=38880/- shall be blocked.

Cut off is decided at price on which whole offer is fully subscribed and if LIC is supporting, it is almost decided that they shall bid @912/-.

If allotment is below 912/- you shall have better chance to corner more shares at lower price, else 16 shares shall be allotted to you even in case of under subscription.

Unsubscribed portion of RII shall firstly been given to ''employees'', then to NII and lastly to QIB. It is certain that issue shall be fully subscribed in spite of lesser participation by RII and NII.

I HAVE APLLIED 3 LOTS AT CUTOFF PRICE

Really confusing....Some saying apply, some saying not.

But GIC is quite larger in business as compared to icicilombard, i just compared.
It''s price band is worth it.I expect there should be atleast 100 rs listing gain.

infosys ke buyback ka fayada liya ja sakta hai kya

currently no any share of infosys
Any expert view

Hi All,
What will be the GMP for this share?

GMP : Rs.-35 to -50

For taking risk(GIC Re)
Secondary market is better
Good companies are available
There is much more clarity...than primary market

Admin please open seprate page of Reliance nippon. Regards.

Avoid. Not worth it. SBI life insurance wali baat hai isme bhi. 11000 cr IPO mazakk nahi hai. Aapme koi baat honi chahiye itna Paisa market se uthane me. India me reinsurance abhi nascent stage pe hai. Koi peers nahi hain. Long term k liye le sakte hain. Listing gain toh ghanta kuch hone wala Hai. Faaltu ek hafte paise fansane wala IPO hai.

Many discussion finally v have only tomorrow 12 hours time left
In just 1 word apply or not 4 ipo giant GIC ''re

Subscribe or avoid:

Fundamental:
While it clear that GIC cant be compared with ICICI Lombard or SBI Life since GIC is majorly into reinsurance so the kind of valuation a consumer insurance co gets cant be given to a merchant insurance co.
Cash flows for GIC can go for a toss if there are multiple big claims so it is very difficult to forecast embedded value for the company.
Despite decent growth in topline, bottomline seems muted.

Valuation and Pricing:
As discussed valuation for ICICI Lom and GIC cant be compared, however on valuation front there is slight comfort since P/B is not very aggressively decided.

The retail disc of Rs 45/- proves to be a margin of safety for retail clients.

Verdict:
Looking at Grey mkt discount and very low fancy for GIC, I would avoid to skip the issue, since chances of GM disc falling or coming to premium is very low. For retailers the issue may get you 20-30 Rs per share but then its your call whether to apply only for such small gains.

Dont expect price to shoot post listing as compared to Dixon, CDSL, AUBANK etc

Risk:
Chances of loss to retailers is 15-20%.

Please experts guide me can I apply at lower price band in retail category please reply

Can we apply on lower price band in retail category

No allotment would be there if issue overall subscribed more than 1 time on cut-off. In this case its already oversubscribed overall. No chance for allotment at lower price

Qib catagery mein kitna lockin period hota hai ?

I think listing of gic will be positive.. Bcoz after Diwali 10-15 psu are coming with ipo this is Diwali. Gift from govt.