General Insurance Corporation Of India's IPO to hit markets on Oct 11, 2017

The Initial Public Offering (IPO) of General Insurance Corporation Of India is set to hit the primary markets on October 11, 2017. The company is coming out with Initial Public offer of upto 124,700,000 Equity Shares at a price band of Rs 855 to Rs 912 through 100% Book Building process.

The company is offering a discount of Rs 45 to Retail and Eligible Employee Category.

Citigroup Global Markets India Private Limited, Axis Capital Limited, Deutsche Equities India Private Limited, HSBC Securities and Capital Markets (India) Private Limited and Kotak Mahindra Capital Company Limited are the Book Running Lead Managers to the issue.

Kotak Securities Limited is the syndicate member to the issue.

Karvy Computershare Private Limited is the registrar to the company.

The Minimum Order Quantity is 16 Equity Shares and in multiples thereof. The Maximum Subscription Amount for Retail Investor is Rs. 2,00,000.

The IPO will close for subscription on October 13, 2017.

Source : Equity Bulls

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