General Insurance Corporation of India IPO Message Board (Page 62)

Can we apply more than one application from different PAN in ICICI Bank ASBA....???

I think no. I tried it on MAS and Godrej IPOs. The logic is although you can fill in other person''s demat account details, it gets submitted on your PAN number which makes the application invalid. I looked for an option to edit the bid and update the correct PAN number but could not find it.

Thanks bhai...

Why all sites are showing GMP of this issue in DISCOUNT. Is it so bad? LIC is putting huge amount. Whether any expert boarder can offer a logical conclusion for applying or not. I am bit confused. All earlier insurers viz SBI Life, ICICI Lombard etc had low GMP but not in discount. Though it is reinsurer having very good financials yet showing negative GMP.

Its Due to Discount offered to Retail and Employee.

Subscription is low because (a) this is a big issue (b) there is hardly any increase in Net Profit in the last 3 years inspite of bumper increase in Premium Collected. The above is weighing heavily inspite of reasonable price.

RETAIL COMFORT
Retail have comfort of Rs 45 discount so the Risk for retail is low from loss on listing point of view.

LIC is a long term player in addition to being a Cash Cow to bailout PSU IPO /OFS. It should be a big comfort for Retail if LIC has bid so heavily in the first hours of issue opening implying the underlying value. Normally Bailout by LIC comes in later part of the Issue which does not seem to the case here.

The huge size of the Issue will naturally limit Over subscription thus the resultant low expectation of Listing Gains.

All in all Retail should expect good allotment and downside being capped if one applies for full 2 lakhs. Mere 5% Premium listing could result in Gains of upto @19-20 thousand on listing.

How many shares in 2 Lakh application?

*General Insurance Corporation of India*

2nd DAY SUBS.FIGURE AT 4:00 pm
QIB 1.67X*
NII 0.02X
RII 0.15X
EMP 0.35X
TOTAL 0.89X
*Excluding Anchor

Total No.of FORMS : 163731
*Apps Wise : 0.06X*

NO Anchor in gic agggrawal sir.....

QIB here in this issue should be read as LIC.

Finance ministry have given instructions to LIC to apply in full force in GIC Issue. So now basically there is GIC and LIC in picture with some retail participation. Too risky to apply if FII are not bidding

Sir, Can I bid on line through my bank account using D mat account details of my brother. Please suggest. Thanks.

YES YOU CAN

In Case QIB and HNI quota is oversubscribed and RII quota is undersubscribed and overall IPO is oversubscribed. And suppose if placed my bid some 20 rs below the ceiling prize under RII quota. In that case will i get the allotment under the RII quota as RII quota is undersubscribed or QIB/HNI having higher bid prize will be alotted the shares of RII quota. Hence I need to place my bid at the highest prize?

Thanks a lot PSR!

Under subscriptio in retail will be transferred to QIB and HNI. Price discovery is collective from all the 3 categories. Undersubscription in retail will not entitle retail investors to get below discovered price. Price is same for all categories except Retail Discount. Most likely price discovered will be 912 and will be same for QIB, HNI and retail (but for retail discount). Even if the price is decided lower than 912, say 900, that will be same for all three categories (but for retail discount) .

If you apply @ 911 and retail remains undersubscribed, and price is fixed at 912, you will get zero shares. If you bid at cut off and price is fixed at 890, you will get shares @ 845 (890-45).

Bidding, below highest of the band or other than cut off is a futile exercise for retail.

I applied 1lot of Godrej agrovet IPO from SBI ASBA but I can''t get allotment, I had 3 demat account, can I apply from all 3.
Plz suggest me..

Single PAN
Single Application only

Next ipo...nippon..date finalised..25th to 27th

General Insurance Corporation Ltd. IPO
Subscription figures (BSE+NSE)on day 2@3:10PM:-
QIB - 1.61X
HNI/NII - 0.0117X
Retail - 0.13X
Employees - 0.3359X
Total - 0.8516X

Godrej has released the allotment & so the blocked money.

Now GIC will see the surge in application.

Sbi, icici n now gic wll be good bets for long terms

GIC IPO: *SOURCE NEWS* 8,77,20,000 Shares bid comes from LIC

Remember a major part of Warren Buffet s portfolio is insurance....with a market as big as India he will be watching with a hawks eye which co. To target ....sooner or later ....and then all will follow the pied Piper....

5 years from now these insurance cos. Will be the darlings of the mkt with FII s owning major stakes....all will be in the fno and FII S WILL BE dictating which of them to be in the nifty and index....

So accumulate in a systematic way for the next generation....

General Insurance Corporation Ltd. IPO
Subscription figures (BSE+NSE)on day 2@2:10PM:-
QIB - 1.61X
HNI/NII - 0.007X
Retail - 0.11X
Employees - 0.27X
Total - 0.84X
Apply full 2 lakh application.

what is the analysis? Sub figures are less? Please give your calculations about listing.

Tried to apply using ASBA from South Indian Bank ,. was applying for 208 shares but bank is not adjusting 45 rs discount and holding 189696 , will 45 rs discount get applied on allotment and refund around 9000 rs if all shares are alloted ? anyone pls guide .
Thanks in advance .

If bank doesn''t adjust before than in case of allotment amount will be deducted after adjusting discount.

Thanks for your reply , highly appreciated for help.
I will go at cut of price without discount as bank site is not adjusting 45 rs discount.
I feel more likely that discount will be adjusted once allotment is done from exchange .

Its always safe to apply IPO at cutoff as if company desicedes lower than cutoff then all will get same price. But if company decides cutoff proice then your bids lower than cutoff will get rejected.

Does final allotment price (discovery price) is different for each of RII, NII, QIB category ?

Or this price is arrived using all category subscription data ?

Discovery price is same for all cateogry

Cutoff nd 3 bid options how it''s work any idea

E.i.
If i will apply aa under

Option 1. 16 *855
Option 2. 16*cutoff

Price decided 912

Will i get allotment?

If price decided 855

How much i get 16 or 32

Nd

Unsubscribe retail portion allotted to Qib?

What about retail portion unsubscribe

E.i rii 0.75 then 0.25 alloted to qib? And price must 855?

Unsubscribed quota allotted to other oversubscribed category
Discovery price same for all category.

In case all category undersubscribed, company have right to cancel the issue

what is the current GMP for this?