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16 December 2017

IPO Synopsis

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
Email :  investors.gic@gicofindia.com  
Website :  www.gicofindia.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
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

  (Rs Cr) Lead Managers to the Issue
Project Cost 1541.50
Axis Capital Ltd
Project Financed through Current Offer 11175.84  
Post Issue Equity Share Capital 438.60  
Issue Price (Rs)912.00  
 
Projects
Augmenting the capital base of the corporation to support the growth of the business and to maintain current solvency levelsGeneral corporate purposes
Promoted By
President of India  
Listing At
BSE 
NSE 
Registrar to the Issue
Karvy Computershare Pvt Ltd 
 
Toll Free number: 1800-425-5501 / 1800-103-5501
FINANCIAL TOOLS