General Insurance Corporation of India IPO Message Board (Page 74)

Number of application expected in this IPO. 15 lac
Remaining 12 lac lots will be distributed among retailers who apply up to 2 lac.
Those who believe in the story should apply full 2 lac . You may get 35% to 100% allotment at 5% discount.

Dear member considering large issue size....... Whether this issue will be fully subscribe (application wise) in reatail category? Because if application wise it can not be fully subscribed we should go for 2lac per application...... And one more thing ....How to get real time application wise data? Experts reply will be highly appreciated....

Price Band 855 to 912 Looks Expensive Face value Rs 5/-

Kya Bat Jo Sir aap ne to PE k alag hi tariqa nikal liya if EPS is 35 than does''t matter with face value to consider PE. PE is 25 not 50

I AGREE NOW A DAYS NOTHING WILL GET CHEAP IN SHARE MARKET

Kosak started at 700 rs ......but 2200 per sauda llittle bi confusing as i know every applicant will get allotment....by this way gmp must statt near to 140 rs

If we compare offer price of GIC with ICICI Lombard & SBI Life it is quite cheap. GIC is not a direct insurer but a reinsurance company providing reinsurance coverage to all PSU''s insurance companies and private sector insurance companies. It has number of good properties in Mumbai which is having a negligible book value but a great market value. With a offer price of Rs. 867/ to retail applicant, it is a must apply. In addition to listing gains it will be multi beggar in medium to long term. Its growth is bound to increase with more penetration in general insurance sector. It is a re-insurer of various insurance companies abroad and having foreign branches.
For Retail it is a must apply.

Quote - With a offer price of Rs. 867/ to retail applicant, it is a must apply. In addition to listing gains it will be ##multi beggar## in medium to long term - Unquote

Multi beggar ..??$%#^%^&?

Keep this share as a portfolio stock. After 3 years ( medium) it will be 3 times. After 5 years its adjusted value will be at least 5 times. Adjusted means you may get bonus as huge retained earnings are with the company.

*General Insurance Corporation Of India IPO Update*

Opens On: *11-Oct-2017*

Closes On:  *13-Oct-2017*

Price Band: *Rs. 855 to Rs. 912*

Bid Lot: *16 Shares* & in multiple thereafter

Discount: *Rs. 45 per Shares* to Retail Investors & Eligible Employees

Face Value: *Rs. 5 per Share*

Issue Size: *12,47,00,000 Equity Shares*

Employee Reservation: *Rs. 11.68 Crs*

Net Issue Split: *QIB 50%, HNI 15% & Retail 35%*

AS per msg recd by me

Hellow, Eagle eye mam we need your comment... It is help for our decision for subscribe IPO
Regularly please update your grey market premium....because someone''s are posted ruff languages here... & your comment is really helpfull to all the readers of chittorgarh..it is sign of good for investors.

If Retail Quota is undersubscribed you will get allotment, if over-subscribed you may or may not get allotment.

for better chances of allotment better to go with cut-off price (at least that''s what I do..).. In that case you get whichever price the allotment gets fixed too..

I''ve read some people saying to go with lower band if chances of oversubscription as it goes with lottery.. I don''t understand the rationale though..

Any veterans out here to put more light ?

Administrator...Pls update the price & Financial Information.

Its already out.

Also disclose PE in every IPO. Make it a standard for you.

Investing in IPO for listing gains - for insurance sector companies in the current trend..

Don''t think you will get good listing gains (>10-15%)..

But if the intent is to hold for medium-long term, I believe its a wise decision as insurance (and particularly general,travel insurance ) is a very unpenetrated market in India

What are your views/thoughts..?

Cip.

SINCE WE HAVE RETAIL DISCOUNT, NO NEED TO WORRY,. APPLY TO GET SURESHOT ALLOTMENT

If we apply full quota, can we get full allotment as the IPO size is quite big.

can we fill this IPO?? its very huge, i think everyone will get allotment..

what should be gmp??

Sorry Jo for interfering

But we can not look face value while analysis.

Eg Infosys trading @ 15 pe

It''s face value is 5 Rs only

EPS For the June quarter is 15 rs.

Market price is 900 .

*General Insurance Corporation Of India IPO Update*

Opens On: *11-Oct-2017*

Closes On:  *13-Oct-2017*

Price Band: *Rs. 855 to Rs. 912*

Bid Lot: *16 Shares* & in multiple thereafter

Discount: *Rs. 45 per Shares* to Retail Investors & Eligible Employees

Face Value: *Rs. 5 per Share*

Issue Size: *12,47,00,000 Equity Shares*

Employee Reservation: *Rs. 11.68 Crs*

Net Issue Split: *QIB 50%, HNI 15% & Retail 35%*

27,27,000 Applications needed for 1x subscription. super hot.

Around 25 PE.

Back to back 4th IPO but good thing is that if it comes to October 11-13 than the refund of Godrej Agrovet can be used to apply in this IPO. No separate fund required.

Let''s see the Financial detail to make some analysis in the evening.

*General Insurance Corporation Of India IPO Update*

Opens On: *11-Oct-2017*

Closes On:  *13-Oct-2017*

Price Band: *Rs. 855 to Rs. 912*

Bid Lot: *16 Shares* & in multiple thereafter

Discount: *Rs. 45 per Shares* to Retail Investors & Eligible Employees

Face Value: *Rs. 5 per Share*

Issue Size: *12,47,00,000 Equity Shares*

Employee Reservation: *Rs. 11.68 Crs*

Net Issue Split: *QIB 50%, HNI 15% & Retail 35%*

http://timesofindia.indiatimes.com/business/international-business/india-seeks-to-raise-up-to-1-7-bln-from-state-run-reinsurer-gic-res-ipo/articleshow/60933064.cms

who is the registrar this time?

*GIC Re''s Rs 11,500 cr IPO to hit markets next week*

???? General Insurance Corporation of India (GIC Re), a government-owned general reinsurer, will launch its Rs 11,500 crore initial public offering (IPO) next week, said people with the direct knowledge of the development.

???? The offering will be biggest since Coal India’s Rs 15,200-crore IPO in October 2010. 

???? It will also be the third-largest IPO in the history of domestic market. GIC Re’s comes close on heels of two successful big-ticket IPOs from the insurance sector. Last month, IPOs of SBI Life Insurance Company and ICICI Lombard had raised Rs 8,400 crore and Rs 5,700 crore respectively. Both the offerings had seen healthy demand from institutional investors.

???? GIC Re’s IPO is part of the government’s 2017-18 disinvestment programme. So far this fiscal, the centre has raised close to Rs 15,000 crore as against targeted Rs 72,500 crore. The success of GIC Re''s offering will give a boost to the disinvestment kitty.

???? The centre is also looking to list four other non-life insurance companies which include New India Assurance, National Insurance, Oriental Insurance, and United India Insurance. Investment banking sources say New India Assurance is next in line to hit the market.

???? Citigroup, Axis Capital, Deutsche, HSBC and Kotak Mahindra Capital are the investment banks handling the GIC Re IPO.