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General Insurance Corporation of India IPO is a Book Building IPO listing on BSE,NSE exchange, with an ipo size of ₹ 11175.84 Cr. The company is based in Mumbai and caters to Insurance sector. Axis Capital , Citigroup Global Markets India , Deutsche Equities India , Hsbc Securities & Capital Markets Limited are the merchant bankers of General Insurance Corporation of India IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 7th August 2017.
General Insurance Corporation of India IPO open date is 11th October 2017 and close date is 13th October 2017. IPO Allotment Date is 18th October 2017 and Listing date is 25th October 2017.
IPO
Size:
₹ 11175.84 Cr.
Avg IPO Size (Sector Based)
: ₹
7,624.77 cr.
Sector: Insurance
IPO so far:
11
Merchant Banker:
Axis Capital
IPO by BRLM so far:
163
City:
Mumbai
IPO so far:
189
Revenue (annualised):
₹
2691.68
cr. 
PE
Ratio:
31.19x
Average Sector PE Ratio: 5.48x
General Insurance Corporation of India IPO size is ₹ 11175.84 Cr. with IPO price of ₹ 912.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Axis Capital Limited is the book-running lead manager of the General Insurance Corporation of India IPO. Kfin Technologies Limited is the Registrar for General Insurance Corporation of India IPO.
General Insurance Corporation of India IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
General Insurance Corporation of India IPO, based in Mumbai, operates in the Insurance sector with a focus on reinsurance company. The company is launching its MainBoard IPO on the BSE,NSE exchange, using the Book Building Issue method. General Insurance Corporation of India IPO size is ₹ 11175.84 Cr. with fresh issue size of ₹ 11,176 and Offer for sale being ₹ Nil
The IPO allotment date for General Insurance Corporation of India IPO is expected to be 18th October 2017, after the finalization of basis of allotment. Investors can check General Insurance Corporation of India IPO allotment status on the registrars website, Kfin Technologies Limited . General Insurance Corporation of India IPO refund dates are 23rd October 2017.
General Insurance Corporation of India IPO is expected to be listed on 25th October 2017.
The upper price band for the General Insurance Corporation of India IPO is set at ₹ 912.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on General Insurance Corporation of India IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the General Insurance Corporation of India IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 13th October 2017. After submission, funds are blocked until the basis of allotment of General Insurance Corporation of India IPO is finalised.
The merchant banker for General Insurance Corporation of India IPO is Axis Capital Limited , Citigroup Global Markets India Private Limited , Deutsche Equities India Private Limited , Hsbc Securities & Capital Markets Private limited . Axis Capital Limited , Citigroup Global Markets India Private Limited , Deutsche Equities India Private Limited , Hsbc Securities & Capital Markets Private limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the General Insurance Corporation of India IPO RHP for further details.
The registrar for General Insurance Corporation of India IPO is Kfin Technologies Limited . Investors can go to Kfin Technologies Limited registrar website for IPO allotment status, refund processing, and other queries related to General Insurance Corporation of India IPO through their official website or helpline.
General Insurance Corporation of India IPO was subscribed 1.38 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 11,175.84 Cr.
Avg IPO Size (Sector Based)
:
₹ 7,624.77 Cr.
Sector: Insurance
IPO so far:
11
Merchant Banker:
Axis Capital
IPO by BRLM so far:
163
City:
Mumbai
IPO so far:
189
Revenue (annualised):
₹ 2,691.68 cr.
PE
Ratio:
31.19x
Average Sector PE Ratio: 5.48x
General Insurance Corporation of India IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on General Insurance Corporation of India Financial Review Page
Merchant Banker(s) of General Insurance Corporation of India IPO: Axis Capital Limited , Citigroup Global Markets India Private Limited , Deutsche Equities India Private Limited , Hsbc Securities & Capital Markets Private limited
General Insurance Corporation of India IPO subscription was 1.38 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
General Insurance Corporation of India IPO listed at a listing price of 870.40 against the offer price of 912.00.
The current market price of General Insurance Corporation of India is 382.50.
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