General Insurance Corporation of India IPO Message Board (Page 67)

Heavy profit booking mostly in stocks in secondary market !!

In October 2010, The Coal India IPO of Rs.15,200 crores in which retail portion was approx 4875 crores and it was subscribed 2.3 times that means total amount applied by retailers was Rs. 11,212 crores.

In May 2011, The PFC FPO of Rs.4578 crores in which retail portion was approx 1630 crores and it was subscribed 2 times that means total amount applied by retailers was Rs. 3260 crores.

In December 2013, The Powergrid FPO of Rs.6958 crores in which retail portion was approx 2332 crores and it was subscribed 2.17 times that means total amount applied by retailers was Rs. 5061 crores.

In ICICI Prudential Life Insurance IPO, total amount applied by retailers was Rs. 2710 crores.

In SBI Life Insurance IPO, total amount applied by retailers was Rs. 2200 crores.

In ICICI Lombard General Insurance IPO, total amount applied by retailers was Rs. 2370 crores.

Now in GIC IPO of 11175 (after discount of Rs.45) crores, the retail portion (35%) is Rs.3780 crores that is 27,24,865 lots of 16 shares each are available for allotment in retail category. It means 27,24,865 applicants can get single lot so very much chances of full allotment.

Now most important point is that should we apply for maximum upto 2 lakh.

I think we can go for it because a discount of Rs.45 per share is a safeguard so even in worst case of 5% below listing you will not loose a single paisa but a little risk of market crash at listing time due to any mis happening (man-made or natural) may cause some loss which is very rare chance. If you are in share market than you have to bear such things.

So go for it.
It''s a good chance to earn 10K+ without any lottery if you have enough funds.

All the best and
I am inviting more comments/suggestions/likes/points/analysis...

your views seems to be correct if HNI and QIB subsciption is more than 5 times..........if they are less than 5 then who will be buyer......

Apply full application of 2 lakh for sure return of 10K.

What are chances of allotment if I apply for single lot at 855

You will not get. Retail investors can bid only at upper band

Investors can bid at whatever price they want otherwise it would be a fixed price issue. Applying at 855 might get you the lot if the cut-off is 855. The chances of 855 are less as there is a lot of interest from the people with such a big name coming for an ipo plus there is a discount of 45 for retail. Best option, apply at cut-off so whatever cut-off is decided, the price will reflect in the amount debited for a total of 16 shares (net of discount of course)

Hello,
Good Afternoon.
I wanted to know that, can i filled at price 855 (-45 rs discount) = 810 per share?

Can i apply that way?

No sir u will get a big zero according to your idea.

How many shares an individual can book as a retail investor. Pls advise

In a lot we have to book 16 shares and then after in multiple of 16. Then how many bids we can book pls tell me.

13 LOTS

Grey market premium is naturally in discount to hni rate. But on RII rate it''s a premium of above 25/. So one who applied full portion of 2 lac will get a good return. Kostak rate is also at a good premium.I think, All retail applicants will apply.

To All Experts,
Its surely make sense to apply full application of 2 lacs in retail category
Even if it gets listed 20-25 Down after adjusting Discount of 45/-, one can get
(208 Shares * 20) = 4160
Pl advise

Arjun sir please view on GIC.

Apply Apply Apply.......................
Who can do should go for Maximum Application in Retail Category

||Brokerage view on GIC:||

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*Source: Moneycontrol

General Insurance Corporation of India Ltd IPO subscribed 75% with in 2 hours of IPO opens

General Insurance Corporation of India

Subscribed 71 % in fist 1.5 hours.

Wow......................

https://nseindia.com/products/content/equities/ipos/ipo_current_gicre.htm

one qib put all the money..
so dont get excited..
Its a trap to lure retail investors..
wit a anual profit of 30k cr..its easy to fund an qib wit 1000cr to put in its own ipo.
Its basically a bait that is tide in cage...letssee how many of u get trapped

The bid is of 8K crore. If someone can take risk of 8K crore than we can take risk of 1L or 2L.

Reliance Nippon Life IPO gets Sebi go-ahead
Reliance Nippon Life Asset Management Limited has received the go-ahead from Sebi for its estimated Rs 2,000 crore initial public offer. The Anil Ambani-led Reliance Group firm''s IPO would be the first by an asset management company (AMC) in India. The IPO size would be around 10 percent of the post issue paid-up capital of the company. Jointly owned by Japan''s Nippon Life and Reliance Capital, PTI reported.

what happened to reliance media works, broadcast, power, now infrastructure?

what happened to reliance media works, broadcast, power, now infrastructure?

THEY WANT TO ATTRACT RETAIL INVESTOR BECAUSE NORMALLY IN ALL IPO''S QIB COMES ON LAST DAY. IT WILL FOLLOW SBI PATTERN SBI IS NOW UNDER 700/- AND GIC IPO SIZE IS EVEN MORE THAN SBI IPO AND IT IS TRADING AT DISCOUNT IN GM AS I HAVE SEEN ON SOME WEBSITE

Very good subscription figure coming from GIC with the help of LIC.
LIC GIC BHAI BHAI. ... ..

General Insurance Corporation Ltd. IPO
Subscription figures (BSE+NSE)on day 1 @11:20AM:-
QIB - 1.41X (Full)
HNI/NII - 0
Retail - 0.01X
Employees - 0.03X
Total - 0.71X
Wow what a start in QIB
Six on firs ball.

*General Insurance Corporation of India*

1ST DAY SUBS.FIGURE AT 10:51 AM
QIB 1.41X*
NII 0.00X
RII 0.01X
TOTAL 0.02X
*Excluding Anchor

Total No.of FORMS : 6161
*Apps Wise : 0.00X*

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

*estimated subscription for G.I.C. 13 TO 15 Times*

IST I Like It. 1 | Report Abuse Reply
QIB and NII subscription data shows IEX IPO becomes a failure and all those, who applied will surely get allotment. Listing rate will be at around 1300-1350.

I gives a lesson to common investors.

8,77,20,000 bid comes from LIC as per my veiw.

Subscribed 0.7 times because of this in NSE.

Apply is it could get 15 times subscription.

Overdub. by 1.41 times

Guys as in case of sbi life, because of under subscription, many people got allotment at lower price band.

Now in GIC, the issue size is even bigger than sbi life, i expect GIC to be under subscribed as well. So is it possible to apply at lower price band of 855 on last day, and also taking advantage of 45 rs retail discount. The final price will come down to 810... In that case, one can get good returns....

Please correct me if i am wrong somewhere...

I am not spreading any false news, some people here in this forum said that they got allotment at lower price band... So just asking that is this possible? Or what?

You can always aply with cut-off price so even if company allots at lower band you get the benefit of cut-off price.

GIC already subscribed 1.41 times in QIB category.

Retailers, be dear free and apply full 2 lac.

Fear free

No anchor list in this IPO. Will it following the trend of Hudco & Cochin where Anchors were missing.

The company has chosen non anchor route. So, no anchor. QIB quota already subscribed by 1.41 times on day 1 first 1 hour.