Wednesday, October 11, 2017

IPO ANALYSIS : GIC of India - Invest

Issue details:




Issue opens / closes on


11-010 /13-10-2017
Issue Size
12.47 cr equity shares
Face Value
Rs 10
Price Band
Rs 855 -912


BUSINESS


Reinsurance
Promoter
Govt of India
LISTINGS
Bse, Nse
BRLMs
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.
REGISTRAR
Karvy




Strengths:
  1. Leader in  reinsurance industry with a trusted brand and 44 years of experience.
  2. Significant global player with growing international presence.
  3. Diversified product portfolio and revenue streams.
  4. Diversified investment portfolio generating strong growth and attractive yields.  Strong financial track record and a strong balance sheet.
  5. The average EPS reported for the last 3 years is around Rs 35.

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