General Insurance Corporation of India

NSE: GICRE | BSE: 540755 | ISIN: INE481Y01014
|
121.50 0.40 (0.33%)
NSE Oct 23, 2020 15:31 PM
Volume: 121.8K
 

121.50
0.33%

IPO Note - Subscribe - Improving operating metrics; decent valuations

Prabhudas Lilladhar
terms of gross premiums accepted and manages Rs391.3 billion of Indian investment assets. It is also an international reinsurer that underwrites business from162countries.Itenjoysstrongcapitalpositionwithsolvencyratioof2.4x.The promotersarecomingoutwithanofferforsaleofaroundRs98bnandfreshissue ofRs15.7bnwithdilutionof14.2%atapricerangeofRs885912.Attheupperband ofRs912,thecompanytradesat27.4xMar17EPSwhichwebelieveisfairlypriced, but given the liquidity in the markets and company's performance in the recent...
default
General Insurance Corporation of India has lost -50.82% in the last 1 Year
Recommended
More from General Insurance Corporation of India