General Insurance Corporation of India
Complete IPO details, including price band, financials, subscription status, and key insights.
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Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 124,700,000* equity shares of face value of Rs. 5 each ("equity shares") of General Insurance Corporation of India ("Corporation") for cash at a price of Rs. 912 per equity share aggregating to Rs. 11175.84* crores ("Offer") comprising a fresh issue of 17,200,000* Equity shares aggregating to Rs. 1541.50* crores by the corporation ("fresh issue") and an offer for sale of 107,500,000* equity shares by the Promoter (the "selling shareholder") aggregating to Rs. 9634.35* crores ("offer for sale"). The offer included a reservation of 134,717* equity Shares aggregating to Rs. 11.68 Crores * for subscription by eligible employees (as defined in "definitions and abbreviations") (the "employee Reservation portion"). The offer would constitute 14.22 % of the post-offer paid-up equity share capital and the net offer shall constitute 14.20 % of the post-offer paid-up equity share capital. The face value of the equity shares is Rs. 5 each. The offer price is Rs. 912 per equity share and is 182.4 times the face value of equity shares. *subject to finalisation of the basis of allotment. *A discount of Rs. 45 on the offer price was offered to retail individual bidders ("retail discount") and to eligible employees (defined below) bidding in the employee reservation portion)("employee Discount")
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- There are outstanding litigations against its Corporation, its Directors and its Group and any adverse outcome in any of these litigations may have an adverse impact on its business, results of operations and financial condition.
- Company's success depends upon its ability to accurately assess the risks associated with the businesses that it reinsure, and if actual losses exceed its estimated loss reserves, its net income and capital position will be reduced.
- Company's risk management system, as well as the risk management tools available to it, may not be adequate or effective in identifying or mitigating risks to which it is exposed.
- Company's Corporation does not have complete information of litigation proceedings involving it and certain erstwhile Subsidiaries. Any adverse outcome in any such litigation may have a material adverse impact on its business, results of operations and financial condition
- The catastrophe business that it reinsure may result in volatility of its earnings