360.8500 -3.65 (-1.00%)
NSE Jan 16, 2026 10:15 AM
Volume: 163.7K
 

360.85
-1.00%

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...
General Insurance Corporation of India is trading below all available SMAs
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