| 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")
|