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.      



Sunday Edition

View All

My father lived, died for India, says Rahul

15 Jul 2018 | PTI | New Delhi

Amid row over alleged use of derogatory language in a web series while referring to former Prime Minister Rajiv Gandhi, Congress chief Rahul Gandhi on Saturday said the BJP and the RSS believe that freedom of expression must be policed, while he regards it as a fundamental democratic right. “My father lived and died in the service of India...

Read More


View All

Demolition continues, encroachment in gated colonies to be razed too

19 Jul 2018 | PNS | Dehradun

The court ordered anti-encroachment drive continued in Dehradun with 280 encroachments being demolished and 185 being marked on Wednesday. A total of 2196 encroachments have been demolished, 4674 have been marked and 88 buildings have been sealed so far...

Read More

Page generated in 0.2356 seconds.