General Insurance Corporation of India Share Price – NSE /  BSE

Insurance, Small Cap

Under the OFS, the government offered 3.51 crore shares, representing 2% of GIC Re's equity capital. It had an oversubscription option to sell an additional 5.26 crore shares, equivalent to 3% equity, taking the total offer size to 8.77 crore shares or 5% of the company's paid-up equity capital.

The OFS opened for non-retail investors on 16 June and for retail investors and eligible employees on 17 June. The floor price was set at Rs 352 per share, reflecting a discount of about 9.4% to GIC Re's closing price of Rs 388.35 on the BSE on 15 June 2026.

The President of India, acting through the Ministry of Finance, is the promoter and seller in the transaction. Up to 20,000 shares were reserved for eligible employees, who were permitted to bid for shares worth up to Rs 5 lakh.

According to exchange data, on the first day, bids were received for 10.23 lakh shares against the total non-retail offer size of 7.89 crore shares, resulting in a subscription of 129.68%. Bids backed by 100% margin accounted for 1.63 crore shares, while bids without upfront margin stood at 8.60 crore shares.

On the second day, which was open to retail investors and non-retail investors carrying forward their bids, the retail portion attracted bids for 4.05 lakh shares against the total retail offer size of 87.72 lakh shares, translating into a subscription of 4.62%.

The non-retail carry-forward segment received bids for 2.07 crore shares, equivalent to 228.84% of the retail offer size. Overall, bids for 2.04 crore shares were received on the second day, resulting in a subscription of 233.46% against the retail portion. The indicative clearing price stood at Rs 352.24 per share.

GIC Re is the largest reinsurer in the domestic reinsurance market in India. Internationally, GIC Re is an effective reinsurance partner for the Afro-Asian region, leading the reinsurance programmes of several insurance companies in Middle East and North Africa, and Asia including SAARC countries. As on March 2026, the Government of India held 82.40% stake in the company.

On a consolidated basis, GIC Re's net profit rose 1.35% to Rs 2,532.59 crore on 2.31% increase in total income to Rs 13,663.35 crore in Q4 March 2026 over Q4 March 2025.

Powered by Capital Market - Live News

General Insurance Corporation of India announced that Hitesh Rameshchandra Joshi has taken charge of Chairman-cum-Managing Director of the Corporation with effect from 16 June 2026.

Rain Industries Ltd, PTC Industries Ltd, National Aluminium Company Ltd and Lumax Auto Technologies Ltd are among the other losers in the BSE's 'A' group today, 16 June 2026.

General Insurance Corporation of India lost 8.14% to Rs 356.75 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 3.77 lakh shares were traded on the counter so far as against the average daily volumes of 20364 shares in the past one month.

Rain Industries Ltd tumbled 6.43% to Rs 194.35. The stock was the second biggest loser in 'A' group.On the BSE, 3.31 lakh shares were traded on the counter so far as against the average daily volumes of 2.83 lakh shares in the past one month.

PTC Industries Ltd crashed 4.70% to Rs 17770. The stock was the third biggest loser in 'A' group.On the BSE, 1125 shares were traded on the counter so far as against the average daily volumes of 1998 shares in the past one month.

National Aluminium Company Ltd pared 4.21% to Rs 366.25. The stock was the fourth biggest loser in 'A' group.On the BSE, 7.67 lakh shares were traded on the counter so far as against the average daily volumes of 4.71 lakh shares in the past one month.

Lumax Auto Technologies Ltd plummeted 3.70% to Rs 1617.2. The stock was the fifth biggest loser in 'A' group.On the BSE, 7157 shares were traded on the counter so far as against the average daily volumes of 16211 shares in the past one month.

Powered by Capital Market - Live News

Under the OFS, the government will initially sell 3.51 crore shares, representing 2% of GIC Re's equity capital. It also has an oversubscription option to sell an additional 5.26 crore shares, equivalent to 3% equity, taking the total offer size to 8.77 crore shares or 5% of the company's paid-up equity capital.

The OFS opened for non-retail investors on 16 June and will be available to retail investors and eligible employees on 17 June. The floor price has been fixed at Rs 352 per share, a discount of about 9.4% to the previous day's closing price of Rs 388.35 on the BSE.

The President of India, acting through the Ministry of Finance, is the promoter and seller in the transaction. Up to 20,000 shares have also been reserved for eligible employees, who can bid for shares worth up to Rs 5 lakh.

According to exchange data, bids were received for 1.43 lakh shares by 10:55 a.m. on the first day, translating into subscription of 0.45% of the base non-retail offer size of 3.16 crore shares. The indicative bid price stood at Rs 353.50 per share.

GIC Re is the largest reinsurer in the domestic reinsurance market in India. Internationally, GIC Re is an effective reinsurance partner for the Afro-Asian region, leading the reinsurance programmes of several insurance companies in Middle East and North Africa, and Asia including SAARC countries. As on March 2026, the Government of India held 82.40% stake in the company.

On a consolidated basis, GIC Re's net profit rose 1.35% to Rs 2,532.59 crore on 2.31% increase in total income to Rs 13,663.35 crore in Q4 March 2026 over Q4 March 2025.

Powered by Capital Market - Live News