General Insurance Corporation of India IPO Message Board (Page 63)

First of all i am happy to join this community of Investors. I have alo applied for IPO and expected to get listed.

This IPO seems to have great potential of return, i think. On comparing the past performance ( https://tinyurl.com/yb2w6f85 ) and growth, i will prefer to hold this for some reason period of time. Let hope for the best.

If I apply in lower price and issue not over subscribe in retail then should I get allotment or not

If anybody applying 2 App.
Apply 1 at upper band other at lower band
I think its better...

if we apply at lower price band can retail invester get 45 rs. discount?

*855-45=810 price at lower price band??
amount will filled with 810*16= 12960??

Yes

Reliance Nippon IPO opens on October 25; price band fixed at Rs 247-252

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What does negative GMP means? Do i have to pay for selling my application? Sorry for basic question?

No demand of applications in Grey market means zero premium. How does this negative figures matter?

Godrej allotment out !! u can check now

https://corpreg.karvy.com/ipostatus/

--------General Insurance Corp. Ltd.-----------
IPO subscription figures as on 2nd day at 12.10 pm(BSE+NSE)
QIB---1.5618x
NII---.0067x
RII---.0917x
Emp---.2282x
Total---.814x

if godrej not allot, can i use godrej IPO money in GIC ??

Most likely, yes.

Yes, as it’s your money, there won’t be any restrictions.
If your question is about allotment status of Godrej and if it would be out soon and amount be released before GIC closes, you need to wait till today evening for that or may be tomorrow morning.

Can any one share subscription figure of Gic or link to watch it..??? And if possible gmp of all godrej, mas, Iex and gic...

Retail will only get benefitted in this IPO if they bid at Floor Price, else there is nothing much in this IPO for retail except Discount provided and that too retail cant avail fully as the GMP OF General Insurance Company is negative.

Gamble
Net worth 50k Cr
MC @912 80K Cr
Investments with GIC over 57k Cr Valuation

Have you seen such Company at these Valuation. With Growth 10%+

Global Re INS are trading at 4-7 X it''s BV.
GIC is at 3.9X
Global Peers Avg. ROE 3-5% GIC 9%

Won''t FIIs Apply in this...

Apply And Relax
Worse case:
It can List @850 Hold or even if u book Loss 3808+ Brkg

If it list at @950 profit of 18044/-

Company like Matrimony Tejas Eris GTPL PCL QH CCD managed to list at Par.

Cant this list at 900/- Give Retail a Exit.

Good point but i believe if growth slow then ur investment will rise very much slower, not much to loose but i got better option in secondary which possibly can turn my 2L in 2.5L over a yr, so skipping GiC

BTw
Psu firm vijaya bank(54)trading m. Cap 5400cr with NW 8100+ cr, 6PE, 0.75PB,2.5% Dividend yeild, cagr 15% +

R. Cap(542) Nw 15k cr, M. Cap 13.7k cr caGr 14%

I am also avoiding Gamble sir
Why to invest in such a company which is growing very slow and demanding high pe

Latest Grey Mkt:
Godrej: 159-161
Mas: 221-225
IEX: 12-15
GIC_ -30

On 2 lac application of GIC Kostak 2700-3000

In normal case brokerage will b around Rs 1200 with taxes for 2 lac as all get full allotment.

1200 seems way way higher.
0.25-0.30% delivery charges Plus 0.15% Taxes
Max should not b more then 900

Can we all , on this board agree to apply at the lower band ( Ie. 855 ) and spread the same message on other website as well ??????

One one will get at lower band...

Yes we all can apply at lower price band
I feel @ Rs912/= Issue is very costly
Always better to buy from market you may get at discount to Issue price of Rs 912/=

What''s GMP for GIC in different markets? Will it give some listing gains or muted listing is expected like ICICI Lombard and SBI Life?

LIC sitting on tons of money to invest in markets- Makes Rs8,000 crore bid in GIC Re IPO.

Not relating to this issue:

Only for information:

NEW DELHI: Reliance Nippon Asset Management on Thursday said that its Rs 2,000 crore initial public offer (IPO) will open on October 25.

The firm, which is jointly owned by Reliance CapitalBSE 0.29 % and Japan''s Nippon Life and is the asset manager to Reliance Mutual Fund, has fixed the price band at Rs 247-252 per share for the issue. The IPO will close on October 27.

The public issue would comprise of fresh issuance of 2.45 crore shares, besides an offer for sale (OFS) ..

CLSA, Axis Capital, Nomura and JM Financial are the global coordinators and book running lead managers for the initial share sale.

Reliance Nippon is the third largest asset management company in India. The company was managing a total AUM of Rs 3,62,550 crore as of June 30 as per its draft prospectus. The company has pan-India network of 171 branches, of which 132 were in B-15 cities, as of June 30.

It intends to increase its branch network by addin ..

The Reliance Capital-promoted company saw its revenues and profit after tax (PAT) rising at compound annual growth rates of 18.2 per cent and 15 per cent, respectively, over FY13-17.

As of June 2017, there are 41 active AMCs actively operating in the current market comprising of 7 entities sponsored by public sector banks, 2 entities sponsored by financial institutions, 25 AMCs sponsored by the private sector and other financial companies and 7 entities sponsored by foreign players ..

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One Should Apply with Maximum Limit in retail category of 2 lacs.

How to get Rs 45 benefit applying through SBI ASAB ?

Same question I had with South Indian Bank , can someone please help by answering . I am sure there are many experienced traders here who will be knowing .

Apply at cut off
It will automatically take discounted price
You can confirm it
Rs 13872 will block..

Sorry to deviate from topic:
What is the best & cheapest demat account just to apply for IPO? No other trading to be done than selling IPO allotted shares.

Then open with zerodha. Good for intrday too

Zerodha/Upstox
Compare and decide.

Does Reliance Nippon Insurance IPO had separate share holder quota or discount for shareholder of Reliance Capital?

it should be there and it is mostly common practice

No