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Products & Services    >   IPO   >   Synopsis Details
General Insurance Corporation of India
Registered Office:    Suraksha 170 J Tata Road ,   Churchgate ,   Mumbai - 400020 ,   Maharashtra , India.  
Phone: 91-22-22867000   Fax:91-22-22884010
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
11-Oct-17 13-Oct-17 Rs 912.00-0.00 Rs 0.00-0.00
Minimum Application for shares in Nos : 16   Further Multiples of : 16
General Insurance Corporation of India
  Rs Cr Lead Managers to the Issue
Project Cost 1541.50
Axis Capital Ltd
Citigroup Global Markets India Pvt Ltd
Deutsche Equities India Pvt Ltd
HSBC Securities & Capital Markets (India) Pvt Ltd
Kotak Mahindra Capital Company Ltd
Project Financed through Current Offer 11175.84  
Post Issue Equity Share Capital 438.60  
Issue Price Rs. 912.00  
Augmenting the capital base of the corporation to support the growth of the business and to maintain current solvency levels General corporate purposes
Promoted By
President of India
Listing At
Registrar to the Issue
Karvy Computershare Pvt Ltd
SEBI REGISTRATION NO:NSE CM INB 230696230       NSE F&O:INF 230696230      BSE CM:INB 010696236          MCX MEMBERSHIP ID:12535 MAPIN NO:10014845        CDSL : IN-DP-CDSL-291-2005
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