IPO SnapShot

GENERAL INSURANCE CORPORATION OF INDIA

IPODATE
Oct 11, 2017 TO Oct 13, 2017
LISTINGDATE
10/25/2017 12:00:00 AM
APPLY NOW
FACEVALUE
₹ 5

per share

ISSUESIZE
₹ 11372.6 Cr
PRICEBAND
₹ 855 - ₹ 912

per share

MARKETLOT
16

shares

OBJECTIVE

OBJECTS OF THE OFFERThe Offer comprises of the Fresh Issue and the Offer for Sale.The Allotment of Equity Shares to Eligible Employees under the Employees Reservation Portion would not result in an increase,directly or indirectly, in the shareholding of our Promoter.Offer for SaleOur Corporation will not receive any proceeds from the Offer for Sale.Fresh IssueOur Corporation proposes to utilize the Net Proceeds from the Fresh Issue towards:(i) augmenting the capital base of our Corporation to support the growth of our business and to maintain current solvencylevels and(ii) General corporate purposes, subject to applicable law.

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BUSINESS DESCRIPTION

OverviewWe are the largest reinsurance company in India in terms of gross premiums accepted in Fiscal 2017, and we accounted forapproximately 60% of the premiums ceded by Indian insurers to reinsurers during Fiscal 2017, according to CRISIL Research.We are also an international reinsurer that underwrote business from 161 countries as at June 30, 2017. According to CRISILResearch, we ranked as t...

ADDRESS

Address: Suraksha
170
J Tata Road
Churchgate
City: Mumbai,
State: Maharashtra
Pincode: 400020
Phone: 022 22867000
Email: investors.gic@gicre.in
Website: www.gicre.in

LISTED AT

BSE, NSE

LEAD MANAGER

Axis Capital Ltd.
Citigroup Global Markets India Pvt Ltd.
Deutsche Equities India Pvt Ltd
HSBC Securities & Capital Markets (India) Pvt Ltd
Kotak Mahindra Capital Co Ltd

PROMOTERS

The President Of India

PROMOTER'S HOLDING

Total Share Capital

Offered to Public

-

Promoter's Holding (Pre-Issue)

Promoter's Holding (Post-Issue)

REGISTRAR

K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
105-108
Arunachal Building
19
Barakhamba Road
New Delhi

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RISK DISCLOSURES ON DERIVATIVES

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to ₹ 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

Source:

1. SEBI study dated January 25, 2023 on “Analysis of Profit and Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment”, wherein Aggregate Level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22.