|
GENERAL INSURANCE CORPORATION OF INDIA
Our Corporation was incorporated at Mumbai on November 22, 1972 as General Insurance
Corporation of India, a private limited company under the Companies Act, 1956. Our
Corporation was converted into a public limited company with effect from March 7, 2016.
For details relating to change in the registered office of our Corporation, see
'History and Certain Corporate Matters' beginning on page 175 of the Prospectus.
Registered Office and Corporate Office: 'Suraksha' 170, J Tate Road,
Churchgate, Mumbai 400 020; Tel: (91 22) 2286 7000; Fax: (91 22) 2288 4010; Contact
Person: Suchita Gupta, Company Secretary and Compliance Officer; E-mal:
investors.gic@gicofindia.com ; Website:
www.gicofindia.com; Corporate Identity Number:
U67200MH1972GOI016133; IRDAR Registration Number: 112, dated April 2, 2001.
OUR PROMOTER: THE PRESIDENT OF INDIA, ACTING THROUGH THE
MINISTRY OF FINANCE
BASIS OF ALLOTMENT
Our Corporation had filed the Prospectus with the Registrar of Companies, Mumbai and
the Equity Shares are proposed to be listed on the BSE Limited ('BSE') and the
National Stock Exchange of India Limited ('NSE') and the trading expected to
commence on or about October 25, 2017.
INITIAL PUBLIC OFFER OF 124,700,000 EQUITY SHARES OF FACE VALUE OF RS. 5 EACH
('EQUITY SHARES') OF GENERAL INSURANCE CORPORATION OF INDIA
('CORPORATION') FOR CASH AT A PRICE OF RS. 912 PER EQUITY SHARE AGGREGATING TO
RS. 111,758.43 MILLION ('OFFER') COMPRISING A FRESH ISSUE OF 17,200,000 EQUITY
SHARES AGGREGATING TO RS. 15,414.96 MILLION BY THE CORPORATION ('FRESH ISSUE')
AND AN OFFER FOR SALE OF 107,500,000 EQUITY SHARES BY OUR PROMOTER (THE 'SELLING
SHAREHOLDER') AGGREGATING TO RS. 96,343.48 MILLION ('OFFER FOR SALE'). THE
OFFER INCLUDED A RESERVATION OF 134,717 EQUITY SHARES AGGREGATING TO RS. 116,799,639 FOR
SUBSCRIPTION BY ELIGIBLE EMPLOYEES (AS DEFINED IN 'DEFINITIONS AND
ABBREVIATIONS') (THE 'EMPLOYEE RESERVATION PORTION'). THE OFFER WOULD
CONSTITUTE 14.22 % OF OUR POST-OFFER PAID-UP EQUITY SHARE CAPITAL AND THE NET OFFER SHALL
CONSTITUTE 14.20 % OF OUR POST-OFFER PAID-UP EQUITY SHARE CAPITAL
PROMOTER: THE PRESIDENT OF INDIA, ACTING THROUGH THE MINISTRY OF FINANCE
OFFER PRICE: RS. 912 PER EQUITY SHARE OF FACE VALUE OF RS. 5 EACH.
THE OFFER PRICE IS RS.912 PER EQUITY SHARE AND IS 182.4 TIMES
THE FACE VALUE OF EQUITY SHARES.
i. The five Book Running Lead Managers ('BRLMs') associated with the Offer
have handled 45 Public offers in the past three years, out of which 12 offers closed below
the offer price on listing date.
ii. The Price/Earnings ratio('P/E Ratio') based on diluted EPS as per restated
consolidated financial statements for Fiscal 2017 for the Corporation at the upper end of
the Price Band is as high as 24.97 as compared to the NIFTY 50 price earnings ratio of
23.26 (as of March 31, 2017) as there are no listed peers in India.
iii. The average cost of acquisition per Equity Share by our Promoter is Rs. 0.25 and the
Offer Price at upper end of the Price Band is significantly higher at Rs. 912.
BID PROGRAMME:
BID/ISSUE OPENED ON: OCTOBER 11, 2017/BID/1SSUE CLOSED ON OCTOBER 13, 2017
A discount of Rs. 45 on the Offer Price was offered to Retail Individual Bidders
('Retail Discount') and to Eligible Employees Bidding in the Employee
Reservation Portion ('Employee Discount').
This Offer has been made through the Book Building Process, in terms of Rule 19(2)(b)(iii)
of the Securities Contracts (Regulation) Rules, 1957, as amended ('SCRR')
wherein at least 10% of the post Offer paid up equity share capital of our Corporation has
been offered to the public. The Offer was made in accordance with Regulation 26(1) of the
Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements)
Regulations, 2009, as amended ('SEBI ICDR Regulations'). The Offer was made
through the Book Building Process wherein not more than 50% of the Net Offer was allocated
on a proportionate basis to Qualified Institutional Buyers ('QIBs') ('QIB
Portion'). 5% of the QIB Portion was available for allocation on a proportionate
basis to Mutual Funds only, and the remainder of the QIB Portion was available for
allocation on a proportionate basts to all QIB Bidders, including Mutual Funds, subject to
valid Bids being received at or above the Offer Price. Further, not less than 15% of the
Net Offer was available for allocation on a proportionate basis to Non-Institutional
Bidders and not less than 35% of the Net Offer was available for allocation to Retail
Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids
being received at or above the Offer Price. All potential investors utilised the
Application Supported by Blocked Amount ('ASBA') process providing details of
their respective bank account which were blocked by the SCSBs, to participate in this
Offer. For details, see 'Offer Procedure' beginning on page 518 of the
Prospectus.
The Issue received 627,252 applications for 168,542,688 Equity Shares as per the bid book
resulting in 1.35 times subscription as disclosed in Prospectus. The details of the
applications received in the issue from Retail Individual Bidders, Non-Institutional
Bidders, QIBs and Employee reservation portion are as under (before technical rejections);
| Sr. No. |
Category |
No. of Applications |
No. of Equity Shares Applied |
Amount (Rs.) |
No. of times
Subscribed |
Shares
Reserved as
per Prospectus |
| A |
Retail Individual Bidders |
625.947 |
26,520,112 |
23,007,770,900.00 |
0.61 |
43,597,850 |
| B |
Non Institutional Bidders |
551 |
2,126,480 |
1,938,284,992.00 |
0.11 |
18,684,793 |
| C |
Employee Investors |
703 |
81,360 |
70,965,584.00 |
0.60 |
134,717 |
| D |
Qualified Institutional Bidders |
51 |
139,814,736 |
127,286,370,528.00 |
2.24 |
62,282,640 |
|
Total |
627,252 |
168,542,688 |
152,303,392,004.00 |
1.35 |
124,700,000 |
Final Demand
A summary of the final demand at different bid prices is as under.
| SLNO |
BID PRICE (RS.) |
BIDS QUANTITY |
(%) TO TOTAL |
CUMULATIVE TOTAL |
% CUMULATIVE TOTAL |
| 1 |
855 |
2,898,656 |
1.63 |
2,898,656 |
1.63 |
| 2 |
856 |
28,960 |
0.02 |
2,927,616 |
1.64 |
| 3 |
857 |
8,912 |
0.00 |
2,936,528 |
1.65 |
| 4 |
858 |
4,160 |
0.00 |
2,940,688 |
1.65 |
| 5 |
859 |
1,792 |
0.00 |
2,942,480 |
1.65 |
| 6 |
860 |
3,535,424 |
1.98 |
6,477,904 |
3.63 |
| 7 |
861 |
5,520 |
0.00 |
6,483,424 |
3.64 |
| 8 |
862 |
1,888 |
0.00 |
6,485,312 |
3.64 |
| 9 |
863 |
2,096 |
0.00 |
6,487,408 |
3.64 |
| 10 |
864 |
1,504 |
0.00 |
6,488,912 |
3.64 |
| 11 |
865 |
16,256 |
0.01 |
6,505,168 |
3.65 |
| 12 |
866 |
1,712 |
0.00 |
6,506,880 |
3.65 |
| 13 |
867 |
80,624 |
0.05 |
6,587,504 |
3.69 |
| 14 |
868 |
1,680 |
0.00 |
6,589,184 |
3.69 |
| 15 |
869 |
528 |
0.00 |
6,589,712 |
3.69 |
| 16 |
870 |
25,504 |
0.01 |
6,615,216 |
3.71 |
| 17 |
871 |
1,696 |
0.00 |
6,616,912 |
3.71 |
| 18 |
872 |
1,040 |
0.00 |
6,617,952 |
3.71 |
| 19 |
873 |
864 |
0.00 |
6,618,816 |
3.71 |
| 20 |
874 |
448 |
0.00 |
6,619,264 |
3.71 |
| 21 |
875 |
36,816 |
0.02 |
6,656,080 |
3.73 |
| 22 |
876 |
960 |
0.00 |
6,657,040 |
3.73 |
| 23 |
877 |
928 |
0.00 |
6,657,968 |
3.73 |
| 24 |
878 |
3,200 |
0.00 |
6,661,168 |
3.73 |
| 25 |
879 |
944 |
0.00 |
6,662,112 |
3.74 |
| 26 |
880 |
26,720 |
0.01 |
6.688,832 |
3.75 |
| 27 |
881 |
432 |
0.00 |
6,689,264 |
3.75 |
| 28 |
882 |
720 |
0.00 |
6,689,984 |
3.75 |
| 29 |
883 |
102,832 |
0.06 |
6,792,816 |
3.81 |
| 30 |
884 |
5,504 |
0.00 |
6,798,320 |
3.81 |
| 31 |
885 |
10,912 |
0.01 |
6,809,232 |
3.82 |
| 32 |
886 |
176 |
0.00 |
6,809,408 |
3.82 |
| 33 |
887 |
288 |
0.00 |
6,809,696 |
3.82 |
| 34 |
888 |
3,296 |
0.00 |
6,812,992 |
3.82 |
| 35 |
889 |
1,008 |
0.00 |
6,814,000 |
3.82 |
| 36 |
890 |
3,953,936 |
2.22 |
10,767,936 |
6.04 |
| 37 |
891 |
720 |
0.00 |
10,768,656 |
6.04 |
| 38 |
892 |
3,152 |
0.00 |
10,771,808 |
6.04 |
| 39 |
893 |
288 |
0.00 |
10,772,096 |
6.04 |
| 40 |
894 |
64 |
0.00 |
10,772,160 |
6.04 |
| 41 |
895 |
4,992 |
0.00 |
10,777,152 |
6.04 |
| 42 |
896 |
192 |
0.00 |
10,777,344 |
6.04 |
| 43 |
897 |
240 |
0.00 |
10,777,584 |
6.04 |
| 44 |
898 |
272 |
0.00 |
10,777,856 |
6.04 |
| 45 |
899 |
1,280 |
0.00 |
10,779,136 |
6.04 |
| 46 |
900 |
70,288 |
0.04 |
10,849,424 |
6.08 |
| 47 |
901 |
2,768 |
0.00 |
10,852,192 |
6.08 |
| 48 |
902 |
1,424 |
0.00 |
10,853,616 |
6.09 |
| 49 |
903 |
336 |
0.00 |
10,853,952 |
6.09 |
| 50 |
904 |
688 |
0.00 |
10,854,640 |
6.09 |
| 51 |
905 |
7,856 |
0.00 |
10,862,496 |
6.09 |
| 52 |
906 |
624 |
0.00 |
10,863,120 |
6.09 |
| 53 |
907 |
1,040 |
0.00 |
10,864,160 |
6.09 |
| 54 |
908 |
2,384 |
0.00 |
10,866,544 |
6.09 |
| 55 |
909 |
1,248 |
0.00 |
10,867,792 |
6.09 |
| 56 |
910 |
30,336 |
0.02 |
10,898,128 |
6.11 |
| 57 |
911 |
22,864 |
0.01 |
10,920,992 |
6.12 |
| 58 |
912 |
144,070,112 |
80.78 |
154,991,104 |
86.90 |
| 59 |
CUTOFF |
23,367,984 |
13.10 |
178,359,088 |
100.00 |
|
TOTAL |
178,358,088 |
100.00 |
|
|
The Basis of Allotment was finalized in consultation with the Designated Stock
Exchange, being NSE on October 18, 2017.
A. Allocation to Retail Individual Bidders (After Technical Rejections)
The Basis of Allotment to the Retail Individual Bidders, who have bid at cut-off or at
the Offer Price of Rs. 912 per Equity Share (less discount of Rs.45), was finalized in
consultation with the NSE. This category has been subscribed to the extent of 0.5884
times. The total number of Equity Shares Allotted in Retail Individual Bidders category is
25,665,904 Equity Shares to 602,878 successful applicants. The category-wise details of
the Basis of Allotment are as under.
| Category |
No. of
Applications
Received |
% of
Total |
Total No. of
Equity Shares
applied |
% to
Total |
No. of Equity
Shares Allotted
per Applicant |
Ratio |
Total No. of
Equity Shares
Allotted |
| 16 |
445,595 |
73.91 |
7,129,520 |
27.78 |
16 |
1 : 1 |
7,129,520 |
| 32 |
43,889 |
7.28 |
1,404,448 |
5.47 |
32 |
1 : 1 |
1,404,448 |
| 48 |
17,628 |
2.92 |
846,144 |
3.30 |
48 |
1 : 1 |
846,144 |
| 64 |
10,293 |
1.71 |
658,752 |
2.57 |
64 |
1 : 1 |
658,752 |
| 80 |
7,531 |
1.25 |
602,480 |
2.35 |
80 |
1 : 1 |
602,480 |
| 96 |
5,397 |
0.90 |
518,112 |
2.02 |
96 |
1 : 1 |
518,112 |
| 112 |
8,167 |
1.35 |
914,704 |
3.56 |
112 |
1 : 1 |
914,704 |
| 128 |
2,501 |
0.41 |
320,128 |
1.25 |
128 |
1 : 1 |
320,128 |
| 144 |
1,214 |
0.20 |
174,816 |
0.68 |
144 |
1 : 1 |
174,816 |
| 160 |
3,581 |
0.59 |
572,960 |
2.23 |
160 |
1 : 1 |
572,960 |
| 176 |
1,191 |
0.20 |
209,616 |
0.82 |
176 |
1 : 1 |
209,616 |
| 192 |
1,468 |
0.24 |
281,656 |
1.10 |
192 |
1 : 1 |
281,856 |
| 208 |
9,899 |
1.64 |
2,058,992 |
8.02 |
208 |
1 : 1 |
2,058,992 |
| 224 |
44,524 |
7.39 |
9,973,376 |
38.86 |
224 |
1 : 1 |
9,973,376 |
| TOTAL |
602,878 |
100.00 |
25,665,904 |
100.00 |
|
|
25,665,904 |
Unsubscribed portion of 17,954,798 Equity shares spilled over to QIB Category
B. Allocation to Non-Institutional Bidders (After Technical Rejections)
The Basis of Allotment to the Non-Institutional Bidders, who have bid at the Offer
Price of Rs. 912 per Equity Share or above, was finalized in consultation with the
NSE. This category has been subscribed to the extent of 0.1103 times. The total number of
Equity Shares allotted in this category is 2,062,432 Equity Shares to 458 successful
applicants. The category-wise details of the Basis of Allotment are as under: (Sample)
| Category |
No. of
Applications
Received |
% of
Total |
Total No. of
Equity Shares
applied |
% to
Total |
No. of Equity
Shares Allotted
per Applicant |
Ratio |
Total No. of
Equity Shares
Allotted |
| 224 |
39 |
8.52 |
8,736 |
0.42 |
224 |
1 : 1 |
8,736 |
| 240 |
59 |
12.88 |
14,160 |
0.69 |
240 |
1 : 1 |
14,160 |
| 256 |
15 |
3.28 |
3,840 |
0.19 |
256 |
1 : 1 |
3,840 |
| 1680 |
1 |
0.22 |
1,680 |
0.08 |
1,680 |
1 : 1 |
1,680 |
| 1744 |
1 |
0.22 |
1,744 |
0.08 |
1,744 |
1 : 1 |
1,744 |
| 2848 |
1 |
0.22 |
2,848 |
0.14 |
2,848 |
1 : 1 |
2,848 |
| 2880 |
1 |
0.22 |
2,880 |
0.14 |
2,880 |
1 : 1 |
2,880 |
| 3008 |
2 |
0.44 |
6,016 |
0.29 |
3,008 |
1 : 1 |
6,016 |
| 3152 |
1 |
0.22 |
3,152 |
0.15 |
3,152 |
1 : 1 |
3,152 |
| 3168 |
1 |
0.22 |
3,168 |
0.15 |
3,168 |
1 : 1 |
3,168 |
| 3200 |
3 |
0.66 |
9,600 |
0.47 |
3,200 |
1 : 1 |
9,600 |
| 3296 |
2 |
0.44 |
6,592 |
0.32 |
3,296 |
1 : 1 |
6,592 |
| 3360 |
1 |
0.22 |
3,360 |
0.16 |
3,360 |
1 : 1 |
3,360 |
| 3408 |
1 |
0.22 |
3,408 |
0.17 |
3,408 |
1 : 1 |
3,408 |
| 4384 |
2 |
0.44 |
8,768 |
0.43 |
4,384 |
1 : 1 |
8,768 |
| 5008 |
2 |
0.44 |
10,016 |
0.49 |
5,008 |
1 : 1 |
10,016 |
| 5040 |
1 |
0.22 |
5,040 |
0.24 |
5,040 |
1 : 1 |
5,040 |
| 5360 |
1 |
0.22 |
5,360 |
0.26 |
5,360 |
1 : 1 |
5,360 |
| 5472 |
4 |
0.87 |
21,888 |
1.06 |
5,472 |
1 : 1 |
21,888 |
| 5488 |
1 |
0.22 |
5,488 |
0.27 |
5,488 |
1 : 1 |
5,488 |
| 6352 |
1 |
0.22 |
6,352 |
0.31 |
6,352 |
1 : 1 |
6,352 |
| 6432 |
1 |
0.22 |
6,432 |
0.31 |
6,432 |
1 : 1 |
6,432 |
| 6640 |
1 |
0.22 |
6,640 |
0.32 |
6,640 |
1 : 1 |
6,640 |
| 7456 |
1 |
0.22 |
7,456 |
0.36 |
7,456 |
1 : 1 |
7,456 |
| 8880 |
1 |
0.22 |
8,880 |
0.43 |
8,880 |
1 : 1 |
8,880 |
| 10880 |
1 |
0.22 |
10,880 |
0.53 |
10,880 |
1 : 1 |
10,880 |
| 10960 |
4 |
0.87 |
43,840 |
2.13 |
10,960 |
1 : 1 |
43,840 |
| 10976 |
1 |
0.22 |
10,976 |
0.53 |
10,976 |
1 : 1 |
10,976 |
| 11200 |
1 |
0.22 |
11,200 |
0.54 |
11,200 |
1 : 1 |
11,200 |
| 12048 |
1 |
0.22 |
12,048 |
0.58 |
12,048 |
1 : 1 |
12,048 |
| 17056 |
1 |
0.22 |
17,056 |
0.83 |
17,056 |
1 : 1 |
17,056 |
| 21760 |
1 |
0.22 |
21,760 |
1.06 |
21,760 |
1 : 1 |
21,760 |
| 21888 |
1 |
0.22 |
21,888 |
1.06 |
21,888 |
1 : 1 |
21,888 |
| 22000 |
1 |
0.22 |
22,000 |
1.07 |
22,000 |
1 : 1 |
22,000 |
| 32880 |
1 |
0.22 |
32,880 |
1.59 |
32,880 |
1 : 1 |
32,880 |
| 32896 |
1 |
0.22 |
32,896 |
1.60 |
32,896 |
1 : 1 |
32,896 |
| 35200 |
2 |
0.44 |
70,400 |
3.41 |
35,200 |
1 : 1 |
70,400 |
| 65600 |
1 |
0.22 |
65,600 |
3.18 |
65,600 |
1 : 1 |
65,600 |
| 219296 |
1 |
0.22 |
219,296 |
10.63 |
219,296 |
1 : 1 |
219,296 |
| 355248 |
1 |
0.22 |
355,248 |
17.22 |
355,248 |
1 : 1 |
355,248 |
| 710512 |
1 |
0.22 |
710,512 |
34.45 |
710,512 |
1 : 1 |
710,512 |
Unsubscribed portion of 16,632,155 Equity shares spilled over to QIB Category
C. Allotment to QIBs (After Technical Rejections)
Allotment to QIBs, who have bid at the Offer Price of Rs.912 per Equity Share or above,
has been done on a proportionate basis in consultation with the NSE. This category has
been subscribed to the extent of 1.3990 times of Net QIB portion. As per the SEBI
Regulations, Mutual Funds were allotted 5% of the Equity Shares of Net QIB portion
available i .e. 4,440,896 Equity Shares and other QIBs and unsatisfied demand of Mutual
Funds were allotted the remaining available Equity Shares i.e, 92,461,344 Equity Shares on
a proportionate basis. The total number of Equity Shares allotted in the QIB category is
96,902,240 Equity Shares, which were allotted to 48 successful Applicants.
| Category |
FIs/Banks |
FII |
MFs |
ICs |
Others |
Total |
| QIB |
16,565,144 |
3,512,448 |
4,440,896 |
72,190,467 |
193,285 |
96,902,240 |
Unsubscribed QIB MF portion of 404,126 Equity shares spilled over to Other QIB Category
D. Allotment to Eligible Employee unoV Employee reservation (After Technical
Rejections)
The Basis of Allotment to the Eligible Employees under Employee reservation portion, who
have bid at cut-off or at the Offer Price of Rs. 912 per Equity Share (less discount of
Rs.45), was finalized In consultation with the NSE. This category has been subscribed to
the extent of 0.5153 times. The total number of Equity Shares Allotted in Employee
category is 69,424 Equity Shares to 384 successful applicants.
The category-wise details of the Basis of Allotment are as under:
| Category |
No. of
Applications
Received |
% of
Total |
Total No. of
Equity Shares
applied |
% to
Total |
No. of Equity
Shares Allotted
per Applicant |
Ratio |
Total No. of
Equity Shares
Allotted |
| 16 |
26 |
6.77 |
416 |
0.60 |
16 |
1 : 1 |
416 |
| 32 |
31 |
8.07 |
992 |
1.43 |
32 |
1 : 1 |
992 |
| 48 |
19 |
4.95 |
912 |
1.31 |
48 |
1 : 1 |
912 |
| 64 |
34 |
8.85 |
2,176 |
3.13 |
64 |
1 : 1 |
2,176 |
| 80 |
25 |
6.51 |
2,000 |
2.88 |
80 |
1 : 1 |
2,000 |
| 96 |
11 |
2.86 |
1,056 |
1.52 |
96 |
1 : 1 |
1,056 |
| 112 |
38 |
9.90 |
4,256 |
6.13 |
112 |
1 : 1 |
4,256 |
| 128 |
11 |
2.86 |
1,408 |
2.03 |
128 |
1 : 1 |
1,408 |
| 144 |
7 |
1.82 |
1,008 |
1.45 |
144 |
1 : 1 |
1,008 |
| 160 |
13 |
3.39 |
2,080 |
3.00 |
160 |
1 : 1 |
2,080 |
| 176 |
13 |
3.39 |
2,288 |
3.30 |
176 |
1 : 1 |
2,288 |
| 192 |
4 |
1.04 |
768 |
1.11 |
192 |
1 : 1 |
768 |
| 208 |
2 |
0.52 |
416 |
0.60 |
208 |
1 : 1 |
416 |
| 224 |
58 |
15.10 |
12,992 |
18.71 |
224 |
1 : 1 |
12,992 |
| 240 |
28 |
7.29 |
6,720 |
9.68 |
240 |
1 : 1 |
6,720 |
| 256 |
5 |
1.30 |
1,280 |
1.84 |
256 |
1 : 1 |
1,280 |
| 272 |
1 |
0.26 |
272 |
0.39 |
272 |
1 : 1 |
272 |
| 288 |
3 |
0.78 |
864 |
1.24 |
288 |
1 : 1 |
864 |
| 304 |
2 |
0.52 |
608 |
0.88 |
304 |
1 : 1 |
608 |
| 320 |
2 |
0.52 |
640 |
0.92 |
320 |
1 : 1 |
640 |
| 352 |
5 |
1.30 |
1,760 |
2.54 |
352 |
1 : 1 |
1,760 |
| 368 |
1 |
0.26 |
368 |
0.53 |
368 |
1 : 1 |
368 |
| 384 |
1 |
0.26 |
384 |
0.55 |
384 |
1 : 1 |
384 |
| 400 |
2 |
0.52 |
800 |
1.15 |
400 |
1 : 1 |
800 |
| 416 |
1 |
0.26 |
416 |
0.60 |
416 |
1 : 1 |
416 |
| 432 |
1 |
0.26 |
432 |
0.62 |
432 |
1 : 1 |
432 |
| 448 |
2 |
0.52 |
896 |
1.29 |
448 |
1 : 1 |
896 |
| 464 |
1 |
0.26 |
464 |
0.67 |
464 |
1 : 1 |
464 |
| 480 |
3 |
0.78 |
1,440 |
2.07 |
480 |
1 : 1 |
1,440 |
| 512 |
2 |
0.52 |
1,024 |
1.47 |
512 |
1 : 1 |
1,024 |
| 544 |
4 |
1.04 |
2,176 |
3.13 |
544 |
1 : 1 |
2,176 |
| 560 |
1 |
0.26 |
560 |
0.81 |
560 |
1 : 1 |
560 |
| 576 |
27 |
7.03 |
15,552 |
22.40 |
576 |
1 : 1 |
15,552 |
| TOTAL |
384 |
100.00 |
69,424 |
100.00 |
|
|
69,424 |
Unsubscribed portion of 65,293 Equity shares spilled over to QIB's, NIB's and Retail
Individual Categories in the ratio of 50:15:35 The IPO Committlee of our Company at its
meeting held on October 23, 2017 has taken on record the basis of allotment of Equity
Shares approved by the Designated Stock Exchange, being NSE and has allotted the Equity
Shares to various successful applicants. The Allotment Advice Cum Refund Intimation will
be dispatched to the address of the Investors as registered with the depositories on or
before October 24, 2017. Further, instructions to the SCSBs have been dispatched/mailed
for unblocking of funds and transfer to the Public Offer Account on or before October 18,
2017. In case the same is not received within ten days, investors may contact the
Registrar to the Offer at the address given below. The Refund Advices have been
over-printed with the bank account details as registered, if any, with the depositories.
The Equity Shares allotted to the successful allottees have been uploaded on or before
October 23, 2017 for credit into the respective beneficiary accounts subject to validation
of the account details with the depositories concerned. The Company is in the process of
filing the Listing application with BSE and NSE on or before October 24, 2017. Our Company
is taking steps to get the Equity Shares admitted for trading on the BSE and NSE within 6
working days of the closure of the Issue. All capitalized terms used and not defined
herein shall have the respective meanings assigned to them in the Prospectus dated October
17, 2017.
INVESTORS PLEASE NOTE
The details of the allotment made will be hosted on the website of the Registrar
to the Offer, Karvy Computershare Private Limited at http://www.karisma.karvy.com
All future correspondence in this regard may kindly be addressed to the Registrar to the
Offer quoting full name of the First/ Sole applicant, Serial number of the
Bid-Cum-Application form, number of Equity Shares bid for, name of the Member of the
Syndicate, place where the bid was submitted and payment details at the address given
below
Karvy Computerehare Private Limited
Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda,
Hyderabad - 500 032.
Tel: (91 40) 6716 2222; Fax: (91 40) 2343 1551; E-Mail:
gic.ipo@karvy.com
Investor Grievance E-Mail: einward.rti@karvy.com;
Website: https://karisma.karvy.com
Contact Person: Mr. Muralikrishna; SEBI registration no:
INR000000221
Place : Mumbai
Date : October 23, 2017 |
For GENERAL INSURANCE CORPORATION OF INDIA
On behalf of the Board of Directors
Sd/-
Company Secretary and Compliance Officer |
|
Zerodha (Trading Account)
RHP
