General Insurance Corporation Of India IPO
General Insurance Corporation Of India was a mainboard IPO in the General Insurance sector, offered at ₹427.5–₹456 per share to raise ₹11,373 crore. The issue was subscribed 1.38× overall (QIBs 2.25×, NIIs 0.22×, retail 0.63×). It listed on 25 Oct 2017 at ₹425 and closed its first day at ₹437, a listing loss of -4.1% versus the ₹456 issue price. It now trades around ₹311 (-31.8% versus the issue price).
Frequently asked questions
- How many times was the General Insurance Corporation Of India IPO subscribed?
- The General Insurance Corporation Of India IPO was subscribed 1.38× overall — 2.25× in the QIB category, 0.22× among non-institutional investors, 0.63× in retail.
- What were the General Insurance Corporation Of India IPO listing gains?
- General Insurance Corporation Of India listed on 25 Oct 2017 at ₹425, closing its first day at ₹437 — a listing loss of -4.1% versus the ₹456 issue price.
- What were the retail allotment odds for the General Insurance Corporation Of India IPO?
- Retail was subscribed 0.63×, so a single-lot application had roughly a 100% chance of allotment — most applicants were allotted, and allotment was finalised on 19 Oct 2017.
- What was the price band and lot size of the General Insurance Corporation Of India IPO?
- The price band was ₹427.5–₹456 per share, with a minimum lot of 16 shares (₹7,296 at the upper band).
- Who were the registrar and lead manager for the General Insurance Corporation Of India IPO?
- Karvy Computershare Private Limited was the registrar, and Citi was the book-running lead manager.