Issue Open Date
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11-Oct-17
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Issue Closing Date
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13-Oct-17
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Application Money
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100
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Allotment Money
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Price Band (Rs.)
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855-912
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Minimum Bid Quantity.
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16
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Issue Size (Shares)
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124700000
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Market Lot
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1
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Objective :
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OBJECTS OF THE OFFERThe Offer comprises of the Fresh Issue and the Offer for Sale.The Allotment of Equity Shares to Eligible Employees under the Employees Reservation Portion would not result in an increase,directly or indirectly, in the shareholding of our Promoter.Offer for SaleOur Corporation will not receive any proceeds from the Offer for Sale.Fresh IssueOur Corporation proposes to utilize the Net Proceeds from the Fresh Issue towards:(i) augmenting the capital base of our Corporation to support the growth of our business and to maintain current solvencylevels; and(ii) General corporate purposes, subject to applicable law.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved
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Bid For
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Non-Institutional Investors
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18683371
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4108336
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0.22
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Qualified Institutional Buyers
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62277900
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140024464
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2.25
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Retail Individual Investors
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62277900
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140024464
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2.25
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Business Description
OverviewWe are the largest reinsurance company in India in terms of gross premiums accepted in Fiscal 2017, and we accounted forapproximately 60% of the premiums ceded by Indian insurers to reinsurers during Fiscal 2017, according to CRISIL Research.We are als
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Promoter's Holding
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Total Share Capital
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Offered to Public
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Promoter's Holding (Pre-Issue)
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Promoter's Holding (Post-Issue)
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More..
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Address
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Suraksha 170 J Tata Road Churchgate
Mumbai
,
Maharashtra
,
400020
Phone :
022 22867000
Email :
investors.gic@gicre.in
Website :
www.gicre.in
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Registrar
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K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
105-108 Arunachal Building 19 Barakhamba Road New Delhi
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Listed at
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BSE, NSE
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Lead Manager
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Axis Capital Ltd. Citigroup Global Markets India Pvt Ltd. Deutsche Equities India Pvt Ltd HSBC Securities & Capital Markets (India) Pvt Ltd Kotak Mahindra Capital Co Ltd
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Promoters
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The President Of India
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