247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

General Insurance Corporation of India IPO (General Insurance Corporation of India IPO) Details

General Insurance Corporation of India is an Insurance based company, located in Mumbai, General Insurance Corporation of India IPO size was 11175.84 Cr. and was issued at 912.00 per share. The share of General Insurance Corporation of India were listed at 870.40 per share and are currently trading at 451.55 per share.

Type :
Sub Sector : Reinsurance Company
MainBoard IPO

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
2691.68 Cr.

PAT :
2216.88 Cr.

Pricing Report

Issue Price :
912.00

Listing Price :
870.40

Current Market Price :
451.55

Issue Price vs CMP :
460.45 (50.49%)

listing Price vs CMP :
418.85 (48.12%)

Performance Report (CAGR* wise)

CAGR : -9.24
-ve 0 6 9 12+
Below Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

About General Insurance Corporation of India

Company Information
General Insurance Corporation of India is the largest reinsurance provider in India in terms of gross premiums accepted for Fiscal 2017, accounting for approximately 60% of the premiums ceded by Indian insurers to reinsurers during that period, as per CRISIL Research. On the international front, the company operates in 162 countries as of March 31, 2017, and is ranked as the 12th largest global reinsurer in 2016 and the 3rd largest Asian reinsurer in 2015, based on gross premiums accepted.
The company offers reinsurance across various key business lines, including:
Fire (property)
Marine
Motor
Engineering
Agriculture
Aviation/space
Health
Liability
Credit and financial
Life insurance
With over 44 years of experience, the company has established itself as a trusted brand for insurance and reinsurance customers both
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Object of Issue
  • Augmenting the capital base of the Corporation to support the growth of their business and to maintain current solvency levels and
  • General Corporate Purposes
  • Offer for Sale

General Insurance Corporation of India MainBoard IPO Details (at the time of IPO)

IPO Type :
Book Building
IPO Date :
Oct, 2017
IPO Size :
11175.84 Cr.
IPO Subscription :
1.38 X     
PE Multiple :
31.19
Merchant Banker :
Axis Capital Limited
IPO Registrar:
Kfin Technologies Limited

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Peer Companies Of This Sector

FAQs

General Insurance Corporation of India operates in Insurance and Reinsurance Company. The Issue is listed on MainBoard in Oct, 2017. General Insurance Corporation of India IPO size was 11175.84 Cr. with Issue price of 912.00 .

Merchant Banker(s) of General Insurance Corporation of India IPO: Axis Capital Limited , Citigroup Global Markets India Private Limited , Deutsche Equities India Private Limited , Hsbc Securities & Capital Markets Private limited

General Insurance Corporation of India IPO subscription was 1.38 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

General Insurance Corporation of India IPO listed at a listing price of 870.40 against the offer price of 912.00.

The current market price of General Insurance Corporation of India is 451.55.

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