Share the post "General Insurance Corporation Of India’s IPO Launches Offer for Sale 04-09-2024!"
General Insurance Corporation Of India IPO of Offer for Sale type offers an equity issue (inclusive of premium) with a face value of ₹ 5.00. The issue is live from 04 Sep 2024 to 05 Sep 2024 , with a market lot of shares. This call notice includes , covering ₹5.00 towards face value and the remaining towards securities premium. This is a chance to invest in a well-established company known for its quality and innovation.
| Security Name | GENERAL INSURANCE CORPORATION OF INDIA |
|---|---|
| Offer Price () | |
| Face Value | 5.00 |
| Type Of Issue | OFS |
| Issue Status | Forthcoming |
| Security Type | OFS |
| Symbol | GICRE |
| Issue Period | 04 Sep 2024 to 05 Sep 2024 |
| StartTime | 09:15 |
| EndTime | 15:30 |
| Offer Size – No. Of Shares | 5,95,12,000 |
| Offer Size For Retail Investors | 59,51,200 |
| Offer Size For Non Retail Investors | 5,35,60,800 |
| Floor Price | 395.00 |
| Lot Size | 1 |
| Tick Price | 0.05 |
| ISIN No | INE481Y01014 |
| Minimum Bid Quantity | 1 |
| Maximum Bid Quantity | 5,95,12,000 |
| Allocation Methodology | Price Priority |
| NOTES | 50000 equity shares reserved and intimated to Stock Exchanges on T-1 day by the company may be offered to Eligible employees |
| LTP | 421.25 |
| Selling Member | 1) IDBI Capital Markets & Securities Ltd ( Clg.No 84 )2) SBICP Securities Limited ( Clg.No 95 )3) BOB Capital Markets Limited ( Clg.No 3258 )and 4( Elara Securites (India) Private Limited ( Clg.No 3241 ) |
| Seller Promoter | The President of India,acting through and represented by the Ministry of Finance,Government of India |
| Exchange Notices | 1) Opening of Offer for Sale for General Insurance Corporation of India (the "Company")2) Opening of Offer for Sale for GENERAL INSURANCE CORPORATION OF INDIA – Live Activities Schedule |
General Insurance Corporation Of India IPO opens on 04-09-2024, and closes on 05-09-2024
| Start Date | 04-09-2024 |
|---|---|
| End Date | 05-09-2024 |
| Issue Period | 04 Sep 2024 to 05 Sep 2024 |
