10 Oct 2017 General Insurance Corporation of India IPO

The issue of General Insurance Corporation of India opens on October 11th and closes on October 13th. The company is offering shares of in the price band of Rs 855 to Rs 912 per share. A discount of Rs 45 will be applicable for retail investors. The issue comprises of a fresh issue of 17,200,000 equity shares aggregating to Rs 1,568.6 cr and an OFS of 107,500,000 equity shares aggregating to Rs 9,804.0 cr.

Issue details
IPO size: Rs 11,372 cr crores at the upper price band
Face value: Rs 5
Retail portion: 35%
Lot size: 16 shares and in multiples thereafter
Maximum subscription amount: Rs.2,00,000
Listing on: both NSE and BSE

IPO schedule
Basis of allotment Oct 18
Unblocking of funds Oct 23
Credit to demat accounts Oct 24
Listing on stock exchanges Oct 25

To apply for an IPO follow these steps: http://bit.ly/GICIPO
Keep track of all the upcoming IPOs here: http://bit.ly/upcomingipos
Allotment details can be checked here: http://bit.ly/ipostatuscheck