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.gicre.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 |
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.