General Insurance Corporation of India RHP
Registered Office : Suraksha 170 J Tata Road , Churchgate , Mumbai - 400020 , Maharashtra , India.
Phone : 91-22-22867000 Fax : 91-22-22884010
Email :investors.gic@gicofindia.com Website : www.gicofindia.in
Initial public offer of 124,700,000* equity shares of face value of Rs. 5 each (equity shares) of General Insurance Corporation of India (Corporation) for cash at a price of Rs. 912 per equity share aggregating to Rs. 11175.84* crores (Offer) comprising a fresh issue of 17,200,000* Equity shares aggregating to Rs. 1541.50* crores by the corporation (fresh issue) and an offer for sale of 107,500,000* equity shares by the Promoter (the selling shareholder) aggregating to Rs. 9634.35* crores (offer for sale). The offer included a reservation of 134,717* equity Shares aggregating to Rs. 11.68 Crores * for subscription by eligible employees (as defined in definitions and abbreviations) (the employee Reservation portion). The offer would constitute 14.22 % of the post-offer paid-up equity share capital and the net offer shall constitute 14.20 % of the post-offer paid-up equity share capital. The face value of the equity shares is Rs. 5 each. The offer price is Rs. 912 per equity share and is 182.4 times the face value of equity shares. *subject to finalisation of the basis of allotment. *A discount of Rs. 45 on the offer price was offered to retail individual bidders (retail discount) and to eligible employees (defined below) bidding in the employee reservation portion)(employee Discount)
Issue | Money Payable On | ||
---|---|---|---|
Opens On | Closes On | Application | Allotment |
10/11/2017 12:00:00 AM | 10/13/2017 12:00:00 AM | Rs 912 - 0 | Rs 0 - 0 |
Minimum Application for shares in Nos : 16 Further Multiples of : 16 | |||
Rs Cr | Lead Managers to the Issue | |
---|---|---|
Project Cost | 1541.5 | Axis Capital Ltd |
Project Financed through Current Offer | 11175.84 | |
Post Issue Equity Share Capital | 1541.5 | |
Issue Price | Rs. 912 |
Projects |
---|
Augmenting the capital base of the corporation to support the growth of the business and to maintain current solvency levels |
Promoted By | Listing At | Registrar to the Issue | |
---|---|---|---|
| - | KFin Techologies Ltd |