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The OFS opened for non-retail investors on 16 June and will be available to retail investors and eligible employees on 17 June. The floor price has been fixed at Rs 352 per share, a discount of about 9.4% to the previous day's closing price of Rs 388.35 on the BSE.
The President of India, acting through the Ministry of Finance, is the promoter and seller in the transaction. Up to 20,000 shares have also been reserved for eligible employees, who can bid for shares worth up to Rs 5 lakh.
According to exchange data, bids were received for 1.43 lakh shares by 10:55 a.m. on the first day, translating into subscription of 0.45% of the base non-retail offer size of 3.16 crore shares. The indicative bid price stood at Rs 353.50 per share.
GIC Re is the largest reinsurer in the domestic reinsurance market in India. Internationally, GIC Re is an effective reinsurance partner for the Afro-Asian region, leading the reinsurance programmes of several insurance companies in Middle East and North Africa, and Asia including SAARC countries. As on March 2026, the Government of India held 82.40% stake in the company.
On a consolidated basis, GIC Re's net profit rose 1.35% to Rs 2,532.59 crore on 2.31% increase in total income to Rs 13,663.35 crore in Q4 March 2026 over Q4 March 2025.
General Insurance Corporation of India, Cholamandalam Financial Holdings Ltd, Gujarat Fluorochemicals Ltd, Aditya Birla Real Estate Ltd are among the other stocks to see a surge in volumes on BSE today, 16 June 2026.
Torrent Power Ltd notched up volume of 2.41 lakh shares by 10:47 IST on BSE, a 21.7 fold spurt over two-week average daily volume of 11103 shares. The stock rose 0.60% to Rs.1,397.20. Volumes stood at 15598 shares in the last session.
General Insurance Corporation of India registered volume of 1.99 lakh shares by 10:47 IST on BSE, a 9.9 fold spurt over two-week average daily volume of 20085 shares. The stock slipped 6.32% to Rs.363.80. Volumes stood at 33997 shares in the last session.
Cholamandalam Financial Holdings Ltd registered volume of 82376 shares by 10:47 IST on BSE, a 9.47 fold spurt over two-week average daily volume of 8696 shares. The stock slipped 0.43% to Rs.1,560.40. Volumes stood at 15935 shares in the last session.
Gujarat Fluorochemicals Ltd recorded volume of 77383 shares by 10:47 IST on BSE, a 5.57 times surge over two-week average daily volume of 13903 shares. The stock lost 0.46% to Rs.3,672.45. Volumes stood at 1.03 lakh shares in the last session.
Aditya Birla Real Estate Ltd witnessed volume of 62021 shares by 10:47 IST on BSE, a 4.85 times surge over two-week average daily volume of 12793 shares. The stock increased 3.44% to Rs.1,282.45. Volumes stood at 37781 shares in the last session.
Rain Industries Ltd, PTC Industries Ltd, National Aluminium Company Ltd and Lumax Auto Technologies Ltd are among the other losers in the BSE's 'A' group today, 16 June 2026.
General Insurance Corporation of India lost 8.14% to Rs 356.75 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 3.77 lakh shares were traded on the counter so far as against the average daily volumes of 20364 shares in the past one month.
Rain Industries Ltd tumbled 6.43% to Rs 194.35. The stock was the second biggest loser in 'A' group.On the BSE, 3.31 lakh shares were traded on the counter so far as against the average daily volumes of 2.83 lakh shares in the past one month.
PTC Industries Ltd crashed 4.70% to Rs 17770. The stock was the third biggest loser in 'A' group.On the BSE, 1125 shares were traded on the counter so far as against the average daily volumes of 1998 shares in the past one month.
National Aluminium Company Ltd pared 4.21% to Rs 366.25. The stock was the fourth biggest loser in 'A' group.On the BSE, 7.67 lakh shares were traded on the counter so far as against the average daily volumes of 4.71 lakh shares in the past one month.
Lumax Auto Technologies Ltd plummeted 3.70% to Rs 1617.2. The stock was the fifth biggest loser in 'A' group.On the BSE, 7157 shares were traded on the counter so far as against the average daily volumes of 16211 shares in the past one month.
For the full year,net profit rose 30.01% to Rs 9662.37 crore in the year ended March 2026 as against Rs 7431.84 crore during the previous year ended March 2025. Sales rose 8.26% to Rs 39743.31 crore in the year ended March 2026 as against Rs 36711.83 crore during the previous year ended March 2025.
For the full year,net profit rose 25.23% to Rs 8392.18 crore in the year ended March 2026 as against Rs 6701.36 crore during the previous year ended March 2025. Sales rose 8.99% to Rs 39378.35 crore in the year ended March 2026 as against Rs 36130.26 crore during the previous year ended March 2025.