General Insurance IPO Allotment | General Insurance IPO Result

General Insurance IPO Allotment | General Insurance IPO Result | GIC IPO result

The IPO of General Insurance sold to the public has been distributed on Tuesday, September 8. A total of 524,054 applicants have been left empty-handed in the distribution held at the office of NIBL Ace Capital, the manager of the company's share issue and sale.As many as 270,000 applicants applying for the company's shares have received 10 lots of shares from the round as per the share issue and distribution regulations.A total of 2,14,59,370 IPO applications were received from a total of 7,96,734 applicants for the IPO of the insurance company, while 48,640 shares from 2,188 applicants were rejected, according to Capital.Out of 794,546 applications for IPO, 214,10,710 shares have been duly applied for and 270,000 shares have been distributed through round robin.

The company had issued 3 million IPOs worth Rs 300 million at a face value of Rs 100 from September 29 to October 30. Out of the total shares issued by the company, 120,000 shares were set aside for employees of the organization and 150,000 shares for mutual funds. The general public had applied for the remaining 2.73 million shares.Currently, the company's paid-up capital is Rs 700 million. The company's paid-up capital will reach Rs 1 billion after the IPO.

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