×
E-PAPER ▾

E-paper

Business

Gen Insurance IPO subscribed 90% on Day 2

| | New Delhi:

The initial public offer (IPO) of state-owned General Insurance Corporation of India was subscribed 90 per cent on the second day of the bidding on Thursday.  GIC Re’s Rs 11,370-crore IPO received    bids for 11,16,79,024 shares against total issue size of 12,47,00,000 shares, data available with the NSE showed.

The portion meant for qualified institutional buyers (QIBs) was oversubscribed 1.68 times, that for non- institutional investors by 2 per cent and retail investors' quota by 16 per cent.  Till yesterday, the IPO was subscribed 80 per cent.      The reinsurance company has fixed the price band at Rs 855-912 for its IPO which closes on Friday.      

 
 
 
 
 

TOP STORIES

Sunday Edition

View All

I am with you, Pawar tells victims of social media trolls

15 Oct 2017 | IANS | Mumbai

Coming out in support of young victims of social media trolls, Nationalist Congress Party (NCP) President Sharad Pawar on Saturday exhorted them to speak out against the wrong policies of the Government and oppose growing incidents of intolerance and fascism across India. In an unique initiative, Pawar met around 35 youngsters who have been threatened on social media and/or booked by police for speaking out their minds against the Government and...

Read More

STATE EDITIONS

View All

Three-day film festival on Kundan Shah from Oct 25

21 Oct 2017 | Staff Reporter | Bhopal

A three-day film festival based on renowned filmmaker Kundan Shah will be organised in city. The film festival is all about the movies by Kundan Shah...

Read More

Page generated in 0.6941 seconds.