General Insurance Corp.of India IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 62,282,640 (50%) | — | ₹568,018 Cr |
| NII (HNI) | — | 18,684,793 (15%) | — | ₹170,405 Cr |
| Retail | — | 43,597,850 (35%) | — | ₹397,612 Cr |
| Employee | — | 134,717 (0%) | — | ₹123 Cr |
| Σ Total | — | 124,700,000 (100%) | — | ₹11,372,640 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 16 | ₹14,592 |
| Retail (Max) | 13 | 208 | ₹189,696 |
| S-HNI (Min) | 14 | 224 | ₹204,288 |
| B-HNI (Min) | 67 | 1,072 | ₹977,664 |
Financial Statements Amount in Crore
| Metric | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
|---|---|---|---|
| Revenue | 3,644 | 3,234 | 3,100 |
| Profit After Tax | 2,858 | 2,655 | 2,803 |
| Total Assets | 48,527 | 40,638 | 43,099 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Augmenting the capital base – 1,149.55
- 2 General corporate purposes – 383.15
Company Overview
Incorporated in 1972, General Insurance Corporation of India is the largest reinsurance company in India in terms of gross premiums. They provides various general insurance products like property, energy, marine, engineering, miscellaneous, aviation-hull/spares-rotor wing, aviation-hull/spares-fixed wing, liability, aviation treaty–hull, spares and liability insurance products. They also offers cargo and offshore energy, motor, life, agriculture, space, health, credit and financial insurance.
They offers reinsurance solutions for the Afro-Asian region and reinsurance programs in South East Asia, the Middle East and Africa. They develop their overseas business through their home office in Mumbai, branch offices in London, Dubai and Kuala Lumpur, a representative office in Moscow, a subsidiary in the United Kingdom that is a member of Lloyd’s of London and a
subsidiary in South Africa.
Competitive Strengths
1. Leader in Indian reinsurance industry with 44 years of experience
2. International presence
3. Diversified product portfolio and revenue streams
4. Strong financial track record and a strong balance sheet
5. Experienced management team