General Insurance Corporation of India IPO
State-owned reinsurance company General Insurance Corporation of India (GIC) on 7th August 2017,had filed DRHP for its initial public offering (IPO) .The IPO will see a total stake dilution of 14.22%. The IPO is likely to raise over Rs10,000 crores
General Insurance Corporation of India(Leading Government PSU)(incorporated in 1972) is the largest Re-insurance company in India . It provides various general insurance products like property, energy, marine, engineering, miscellaneous, aviation-hull/spares-rotor wing, aviation-hull/spares-fixed wing, liability, aviation treaty–hull, spares and liability insurance products.
The company takes up reinsurance business for its counter-parts in the Afro-Asian region ,in South East Asia, the Middle East and Africa. GIC has developed its overseas business through its office in Mumbai & branch offices in London, Dubai and Kuala Lumpur, a representative office in Moscow, a subsidiary in the United Kingdom which is a member of Lloyd’s of London and a subsidiary in South Africa.
Rs10,000-crore GIC IPO will be the second largest public offering in India. In 2010, state-owned company Coal India Ltd had set the record for India’s largest IPO, raising Rs15,200 crores.
- Open: 702.00
- High - Low: 706.35 - 695.00
- Previous Close: 704.00
- Total Traded Volume: 21021
- Updated On: 21-May-2018
Objects of the Issue:
Listing Date: Oct 25 2017
Issue Details:
| Open Date: | Oct 11 2017 |
| Close Date: | Oct 13 2017 |
| Total Shares: | 124,700,000 |
| Face Value: | ₹ 5 Per Equity Share |
| Issue Type: | Book Built Issue IPO |
| Issue Size: | 11,372.64 Cr. |
| Lot Size: | 16 Shares |
| Issue Price: | ₹ 855-912 Per Equity Share |
| Listing At: | NSE,BSE |
| Listing Date: | Oct 25 2017 |
Promoters And Management:
Company Financials:
| Particulars | For the year/period ended (in Rs. million) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 485,269.54 | 406,375.76 | 430,986.15 | 332,005.86 | 281,390.59 | |
| Total Revenue | 36,441.79 | 32,340.78 | 30,995.34 | 26,985.09 | 25,111.20 | |
| Profit After Tax | 28,578.52 | 26,549.18 | 28,026.85 | 23,218.42 | 22,888.64 | |
