General Insurance Corporation IPO First Day Subscription Figures-2017

General Insurance Corporation IPO First Day Subscription Figures (GIC RE IPO Subscription Figures):

General Insurance Corporation Of India IPO (GIC RE IPO) subscription has started on 11th October 2017. General Insurance Corporation IPO first day subscription figures do look good considering the size of the issue. In fact,  General Insurance Corporation IPO has got subscribed by 0.80 times on day 1.
After First Day end, General Insurance Corporation IPO first day subscription has seen good interest from Qualified Institutional Buyers (QIBs) while Retail Individual Investors (RIIs) and Non-Institutional Investors (NIIs) still to show some more positive interest.

While Looking at the size of the issue General Insurance Corporation IPO first day subscription figures do looks good. It will be good to see final NII and QIB final subscription figures.

Detailed General Insurance Corporation IPO first day subscription figures are as follow:

General Insurance Corporation IPO First Day Subscription Figures
Category No.of share offered/reserved No. of shares bid for No. of times of total meant for

the category

Qualified Institutional Buyers (QIBs) 62277900 96727856 1.55
Non-Institutional Investors 18683371 103632 0.01
Retail Individual Investors(RIIs) 43594532 2454624 0.06
Employees 144197 18272 0.13
Total 124700000 99304384 0.80
Updated as on 11 October 2017 at 1700 hrs

Current Grey Market Premium (GMP) Of General Insurance Corporation Of India (GIC RE) IPO is trading at discount of Rs 20 – Rs 25 per equity share.

For More information about General Insurance Corporation Of India (GIC RE) IPO Pricing, size and other updates you can visit the below link:

General Insurance Corporation of India IPO (GIC RE IPO)

 
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