October 11, 2017 - October 13, 2017

General Insurance Corporation IPO Subscription Details

General Insurance Corporation IPO Subscription Status Live

General Insurance Corporation IPO subscribed 1.38 times. The public issue subscribed 0.63 times in the retail category, 2.25 times in QIB, and 0.22 times in the NII category by October 13, 2017 (Day 3).

Investor Category	Subscription (times)	Shares Offered
Qualified Institutions	2.25	62,277,900
Non-Institutional Buyers	0.22	18,683,371
Retail Investors	0.63	43,594,532
Employees	0.94	144,197
Others	[.]	0
Total	1.38	124,700,000

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.

General Insurance Corporation IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	Retail	EMP	Total
Day 1 October 11, 2017	1.55	0.01	0.06	0.13	0.80
Day 2 October 12, 2017	1.68	0.02	0.16	0.42	0.90
Day 3 October 13, 2017	2.25	0.22	0.63	0.94	1.38

General Insurance Corporation IPO Shares Offered

General Insurance Corporation IPO is a public issue of 124,700,000 equity shares. The issue offers 43,594,532 shares to retail investors, 62,277,900 shares to qualified institutional buyers, and 18,683,371 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
QIB	62,277,900	5,679.74	49.94%
NII	18,683,371	1,703.92	14.98%
Retail	43,594,532	3,975.82	34.96%
Employee	144,197	13.15	0.12%
Total	124,700,000	11,372.64	100%

IPO Investor Categories

Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Non-Institutional Investors(NII)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.
NII category has two subcategories:
1. sNII (bids below Rs 10L)
  The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).
2. bNII (bids above Rs 10L)
  The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).
Retail Individual Investors(RII)
The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

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General Insurance Corporation IPO Subscription FAQs

The General Insurance Corporation IPO is subscribed 1.38 by October 13, 2017.