Home Blog

Mahindra Logistics IPO Grey Market Premium, Mahindra IPO GMP

mahindra logistics ipo grey market premium

Mahindra Logistics IPO Grey Market Premium

Mahindra Logistics IPO is coming on 31 October 2017 and is closing on 2 November 2017. The past three years profit of Mahindra Logistics Limited shows that company is doing good. However the profit margin among the years is not high but for a company that started in 2008 is still satisfactory. The plus points of the company is that it is among one of the conglomerate of Mahindra and Mahindra. However, the company is quite new and still establishing itself in the market. The IPO could be a success or a failure. So we should look at Mahindra Logistics IPO grey market premium. Here you can check Mahindra Logistics IPO gmp daily with Kostak rates.

Mahindra Logistics IPO Grey Market Premium rates

Day by day Mahindra Logistics ipo gmp rates are as follows –

  • Grey market premium as on 20 Oct 2017 at Rs. N/A with Kostak at Rs. N/A

Mahindra Logistics Limited Issue Details

  • IPO Open Date – 31 Oct 2017 – 2 November 2017
  • Issue Size – 
  • Face Value – Rs 10 per share
  • Issue Price –
  • Lot size –
  • Minimum order quantity –
  • Listing Stock exchanges – NSE and BSE

Mahindra Logistics IPO Important Dates:

  • IPO Opens on – 31 October 2017
  • IPO Closes on – 2 November 2017
  • Allotment of shares –
  • Refund process starts on –
  • Transfer of equity shares to Demat Account –
  • Listing of Mahindra Logistics IPO shares on exchanges –
  • Trading of shares starts on –

Disclaimer

  • Kostak Rate is the premium that one gets by selling IPO application before allotment or listing of the issue.
  • We are not involve in buying and selling of IPO forms in IPO Grey market.
  • Study the fundamentals of the company before applying for the IPO.

Mahindra Logistics IPO (Mahindra Logistics Limited IPO) Details

mahindra logistics ipo grey market premium

mahindra logistics ipoMahindra Logistics IPO

Mahindra Logistics IPO is coming on 31 October for Rs 700 Crore. The initial public offering will close on 2 November. Mahindra Logistics Limited was incorporated in the year 2008. The company is an end to end logistic solution and solution provider. Mahindra Logistics is part of Mahindra Group (M&M) which is India’s leading corporate groups with business across various industries and countries. Mahindra Logistics is India’s one of the leading third party logistics industry and its worth is Rs. 6.40 trillion in 2017 fiscal year according to CRISIL report.

Company Business

Mahindra Logistics business is spread over two segments namely Supply Chain Management (SCM) and People Transportation Solutions (PTS).

Supply Chain Management – This segment of business provides customized and end to end logistics solutions. It is also involves in services including transportation, distribution, warehousing, in-factory logistics and value added services to the clients. The company manages the SCM business through Pan India network which is spread over 24 city offices and over 350 client and operating operations. It has wide network of 1,000 business partners providing vehicles. The main clients in this business of Mahindra Logistics are Volkswagen India Private Limited, Vodafone India Limited, Thermax Limited, JSW Steel Limited, Ashok Leyland Limited, Siemens Limited, Bosch Limited, BMW India Private Limited, 3M India Limited, and Mercedes-Benz India Private Limited.

People Transportation Solutions – PTS segment of the business involves solution services across India top over 100 domestic and multinational corporation involve in IT, ITeS, business process outsourcing, financial services, consulting and manufacturing industries in 12 cities and over 120 clients.

Company Promoter

The promoter of the company is Mahindra and Mahindra Limited.

Mahindra Logistics Company Limited – Company Financials

This is  the summary of Mahindra Logistics Company Limited financial information of the last 3 years in consolidated form:

Summary of financial Information (Consolidated)
ParticularsFor the year/period ended (in Rs. million)
31-Mar-1731-Mar-1631-Mar-15
Total Assets8,167.175,914.675,188.47
Total Revenue26,762.5220,771.2519,395.55
Profit After Tax (PAT)460.69359.68385.24

Mahindra Logistics IPO Issue Details

  • IPO Open Date – 31 Oct 2017 – 2 Nov 2017
  • Issue Size – 9,332,346 Equity Shares of Rs. amounting to Rs [.] Cr
    Offer for Sale of 19,332,346 Equity Shares of Rs aggregating up to Rs [.] Cr
  • Face Value – Rs. 10 per share
  • Issue Price – Rs. per equity share
  • Lot size –
  • Minimum order quantity –
  • Listing Stock exchanges – NSE and BSE

National Stock Exchange IPO (NSE IPO) Details

national stock exchange ipo

national stock exchange ipoNational Stock Exchange IPO (NSE IPO)

National Stock Exchange is the leading stock exchange in India after Bombay Stock Exchange of India. According to the stats by WFE, in 2015, NSE was the fourth largest stock exchange in the world by its equity trading volume. Globally, it ranked first in terms of stock index option and currency option trading volumes in 2015.

National stock exchange has starts its operation from the year 1994. In terms of total turnover and average daily turnover for equity shares every year, it is the largest stock exchange in India. The stock exchange has leading market share with total turnover of 85% in equity cash trading and 94% in equity derivatives trading, 59% in currency derivative trading, 77% in ETFs trading, 79% in interest rates derivative and 80% in corporate bonds trading. National Stock Exchange IPO is coming in the end of this year. The issue size is approximately 10,000 crore. This IPO is also among the top Initial public offering in the country.

Company Business

There are 1,822 companies that are listed in National Stock Exchange. The total market capitalization amounts of Rs. 108,660,631.3 million as on 30 September 2016. Trading in cash market amounts to 5.7% and 5.2% of the total trading volume. The exchange also involves trading in derivatives market including trading in options, futures, indices, currency futures and option and interest rate futures. Trading in derivatives covers 94.3% and 94.8% of total trading volume in the exchange.

Company Promoters

The promoter of the National Stock Exchange are the leading financial institutions, banks, insurance companies and other financial intermediaries which are as follows –

  • Industrial Development Bank of India Limited
  • Industrial Finance Corporation of India Limited
  • Life Insurance Corporation of India
  • State Bank of India
  • ICICI Bank Limited
  • IL & FS Trust Company Limited
  • Stock Holding Corporation of India Limited
  • SBI Capital Markets Limited
  • Bank of Baroda
  • Canara Bank
  • General Insurance Corporation of India
  • National Insurance Company Limited
  • The New India Assurance Company Limited
  • The Oriental Insurance Company Limited
  • United India Insurance Company Limited
  • Punjab National Bank
  • Oriental Bank of Commerce
  • Indian Bank
  • Union Bank of India
  • Infrastructure Development Finance Company Ltd.

National Stock Exchange Company Financials

This is the summary of National Stock Exchange financial information of the last 5 years in consolidated form:

Summary of financial Information (Consolidated)
ParticularsFor the year/period ended (in Rs. crores)
31-Mar-1731-Mar-1631-Mar-1531-Mar-1431-Mar-13
Total Expenses539.5575.7593.7657.7720.9
Total Revenue18011813.61920.622912359
Profit After Tax (PAT)976.7669.3648991.8985.4

National Stock Exchange IPO Issue Details

  • IPO Open Date – coming soon
  • Issue Size – coming soon
  • Face Value – updated soon
  • Issue Price –
  • Lot size –
  • Minimum order quantity –
  • Listing Stock exchanges – BSE

NSE IPO Prospectus

  • » Draft Prospectus with SEBI
  • » Red Herring Prospectus

National Stock Exchange IPO Lead Manager(s)

Reliance Nippon Life IPO Grey Market Premium, Reliance Nippon Life IPO GMP

reliance nippon life ipo

Reliance Nippon Life IPO Grey Market Premium

Reliance Nippon Life IPO is coming on 25 October 2017. Company financials also reflects that last five years were golden years for the company. One thing cannot be ignored that, Reliance Power IPO was a complete failure. Reliance Nippon Life is also owned by ADAG group. However, there is a plus point also as this is a joint venture between Reliance Capital and Japan’s leading private insurer Nippon Life Insurance Company. This time could bring success of the IPO. But we should look at Reliance Nippon Life IPO grey market premium. You can check Reliance Nippon Life IPO gmp daily with Kostak rates.

reliance nippon life ipo grey market premium

Reliance Nippon Life IPO Grey Market Premium rates

Day by day Reliance Nippon Life ipo gmp rates are as follows –

  • Grey market premium as on today at Rs. 60-65 with Kostak at Rs. 400-500
  • Grey market premium as on 17-10-2017 Rs.  60-65 with Kostak at Rs.400-500
  • Grey market premium as on 16-10-2017 Rs.60-65 with Kostak at Rs.400 – 500
  • Grey market premium as on 15 Oct 2017 with Kostak at N/A
  • Grey market premium as on 14 Oct 2017 with Kostak at N/A

Reliance Nippon Life Asset Management Company Issue Details

  • IPO Open Date – 25 Oct 2017 – 17 Oct 2017
  • Issue Size – 61,200,000 Equity Shares of Rs 10 amounting to Rs 1542.24 Cr
    Fresh Issue of 24,480,000 Equity Shares of Rs 10
    Offer for Sale of 36,720,000 Equity Shares of Rs 10
  • Face Value – Rs 10 per share
  • Issue Price – Rs 247 – Rs 252 per equity share
  • Lot size – 59 shares
  • Minimum order quantity – 59 shares
  • Listing Stock exchanges – NSE and BSE

Reliance Nippon Life IPO Important Dates:

  • IPO Opens on – 25 October 2017
  • IPO Closes on – 27 October 2017
  • Allotment of shares – On or after 01 November 2017
  • Refund process starts on – On or after 03 November 2017
  • Transfer of equity shares to Demat Account – On or after 03 November 2017
  • Listing of Reliance Nippon Life Asset Management Company IPO shares on exchanges – 06 November 2017
  • Trading of shares starts on – 06 November 2017

Disclaimer

  • Kostak Rate is the premium that one gets by selling IPO application before allotment or listing of the issue.
  • We are not involve in buying and selling of IPO forms in IPO Grey market.
  • Study the fundamentals of the company before applying for the IPO.

Reliance Nippon Life IPO Details

reliance nippon life ipo

reliance nippon life ipoReliance Nippon Life IPO

Reliance Nippon Life Asset Management  is coming up with its IPO (Initial Public Offering) of 1542.24 Crore on October 25. It is 2nd most profitable asset management company of India. Reliance Nippon Life asset management company has been incorporated in the year 1995. The location of headquarters of the company is in Mumbai.

There is joint ownership of Reliance Capital and Japan’s Nippon life insurance in the company. Relaince Nippon Life IPO consists of fresh issue of 2.40 crore shares.

Apart from this, there is offer for sale of 1.12 crore shares by Reliance capital and 2.55 crore shares by Nippon Life Insurance Company. Reliance Capital is a non banking financial corporation(NBFC) registered with Reserve Bank of India.

The business is spread over in various areas including asset management and mutual funds, life, health and general insurance, stock broking, wealth management services, provides commercial & home finance, asset reconstruction and proprietor investments.

The other owner, Nippon Life Insurance Company is one of the leading private life insurer in Japan. It offers wide range of products including individual as well as group life annuity policies.

Company Business

Reliance Nippon Life Asset Management company manages 55 open end mutual fund schemes which includes 16 ETFs and 174 close ended schemes.

It has 171 branches from where it operates its business. It has network of 58,000 distributors that includes banks, financial institutions, independent financial advisors.

In addition to this, company is also involved in managing the offshore funds which it does through its subsidiaries located in Singapore and Mauritius.

Company Promoters

The promoter of the company are Reliance Capital and Nippon Life Insurance Company.

Objectives of Issue

The company is coming up with IPO for the following reasons –

  • To upgrade the IT system
  • To set up new branches and to relocate the existing ones.
  • For advertising, marketing and brand building activities.
  • To fund inorganic growth and other strategic initiatives.
  • To meet expenses towards general corporate purpose.
  • Lending to our Subsidiary (Reliance AIF) for investment as continuing interest in the new AIF schemes managed by Reliance AIF
  • Investing towards our continuing interest in new mutual fund schemes managed by us

Reliance Nippon Life Asset Management Company Financials

This is the summary of Reliance Nippon life asset management financial information of the last 5 years in consolidated form:

Summary of financial Information (Consolidated)
ParticularsFor the year/period ended (in Rs. million)
31-Mar-1731-Mar-1631-Mar-1531-Mar-1431-Mar-13
Total Assets20,198.1018,857.9116,629.9716,812.0815,087.00
Total Revenue14,004.3812,710.709,301.157,840.267,126.74
Profit After Tax (PAT)4,055.703,901.243,495.943,023.013,023.01

Valuation of Reliance Nippon Life Asset Management Company

  • Earnings Per Share (EPS): Rs, 6.85
  • Price/Earnings (P/E) ratio: 36.05 – 36.78
  • Return on Net Worth (RONW): 21%
  • Net Asset Value (NAV): Rs. 31.71 per share

Reliance Nippon Life IPO Issue Details

  • IPO Open Date – 25 Oct 2017 – 17 Oct 2017
  • Issue Size – 61,200,000 Equity Shares of Rs 10 amounting to Rs 1542.24 Cr
    Fresh Issue of 24,480,000 Equity Shares of Rs 10
    Offer for Sale of 36,720,000 Equity Shares of Rs 10
  • Face Value – Rs 10 per share
  • Issue Price – Rs 247 – Rs 252 per equity share
  • Lot size – 59 shares
  • Minimum order quantity – 59 shares
  • Listing Stock exchanges – NSE and BSE

Sheetal Cool Products IPO (Sheetal Cool Products Ltd IPO) Details

sheetal cool products ipo

sheetal cool products ipoSheetal Cool Products IPO

Sheetal Cool Products Ltd is a Gujarat based company which is currently involved in production of milk and processing of milk products. Apart from this, Sheetal Cool Products is also involved in production of snacks, Ice-cream, mango ras, lassi, curd, flavored milk, wafers, namkeens and bakery products. The company was incorporated in the year 2000. The company sells all its products under brand name Sheetal. Comapny sell its products to mainly distributors and super stockist. Sheetal Cool Products IPO is coming on 16 October 2007. The issue size is 24 Crores. Well, just like Kaarya Facilities IPO it is small as Sheetal Cool Products Limited also belongs to small-medium enterprise category.

Company Business

Sheetal Cool Products manufacturing is in state of Gujarat. It is spread over the area of  5314.66 square meters at Amreli in Gujarat. The registered office of the company is also located in Gujarat. The unit is completely automated for smoothing the manufacturing process. Till date company has 22 employees and 275 personnel on contract basis.

Objective of Issue

Following are the objectives of the issue –

  • For the purchase of additional machinery and equipment at Amreli facility.
  • To fund the working capital requirements of the company.
  • To fund general corporation expenses.
  • For financing issue expenses.

Company Promoter

Bhupatbhai D Bhuva, Dinesh Kumar D Bhuva, Sanjay D Bhuva, Naynaben B Bhuva, Kajalben D Bhuva and Asmitaben S Bhuva are the promoters of the company.

Sheetal Cool Products Ltd – Company Financials

This is the summary of Sheetal Cool Products Ltd. financial information of the last 4 years in consolidated form:

Summary of financial Information (Consolidated)
ParticularsFor the year/period ended (in Rs. crores)
31-Mar-1731-Mar-1631-Mar-1531-Mar-14
Total Assets19.6010.3611.147.94
Total Revenue154.63125.2844.906.44
Profit After Tax (PAT)2.061.960.13-0.96

Sheetal Cool Products Ltd Issue Details

  • IPO Open Date – 16 Oct 2017 – 18 Oct 2017
  • Issue Size – 3,000,000 Equity Shares of Rs 10 amounting to Rs. 24 Cr
  • Face Value – Rs 10 per equity share
  • Issue Price – Rs 80 per equity share
  • Lot size –
  • Minimum order quantity –
  • Listing Stock exchanges – BSE and SME

Sheetal Cool Products IPO Prospectus

Sheetal Cool Products IPO Lead Manager(s)

What is Objectivity Principle of Accounting? Explanation with Example

objectivity principle

What is Objectivity Principle?

Objectivity principle of accounting states that each and every financial transaction should be supported with evidence. This means that the accounting information should be independent. It should be prepare keeping all the bias aside. Accountant should record the transactions on the basis of evidence not on the basis of his or her opinion.The main purpose of the objectivity principle is to provide authentic and reliable financial statements.

How to know whether the accounting information in the books of account is accurate. Well, this concept focuses on to provide reliable financial information to the end users.Each and every information in the books of account should be verifiable with the help of the evidence available against it. Because of this reason only, this concept is also known as Verifiability or evidence concept.

The whole concept of objectivity depends upon the two main things – relevance and reliability. In addition to this, objectivity principle helps the Chartered accountants and auditors to audit the accounts and present the true and fair financial statements in front of investors.

Example of Objectivity Principle

ABC company buys an equipment of Rs. 10,00,000. When company placed the order it must have received a bill. And when the company has made the payment, it should also have received a receipt. According to principle of objectivity, the company should keep all the bills and receipts that provides the proof of the transaction. This will also make it easy for the company at the time of its audit.

Let’s take another situation. Shyam has given the charge of accountant to prepare the financial statement of company XYZ Inc. He asks for the records of the payments and receivables. However the owner says it will take time to get the records, hence use the numbers in the accounting system. This is clearly the violation of principle of objectivity.

Let’s discuss one more example. Suppose a company needs a loan for the purchase of a machinery which it needs to imports from other country. It approaches the bank. The bank asks for the financial statements of the company. Instead of giving the charge of preparing the statement by an independent party, the company accountant prepares it from the accounting records not on the basis of records available. This also violates objectivity principle.

Kaarya Facilities IPO (Kaarya Facilities & Services Ltd IPO) Details

kaarya facilities ipo details

kaarya facilities ipo detailsKaarya Facilities IPO (KFSL IPO)

Kaarya Facilities & Services Limited (KFSL) is one of the leading integrated facilities and property management company belonging to SME (Small Medium Enterprise) group. The company was incorporated in the year 2009. Though its a small company but a healthy and growing company. Kaarya Facilities IPO is coming on 12 Oct 2017. The IPO size is just Rs. 6.40 Crore which is comparatively small in terms of other IPOs.

Company Business

The main business of Kaarya Facilities is to provide various specialized services in Cleaning and Hygiene, housekeeping, pantry, Mechanical, Electrical, Handyman services, help desk management, office administrative , pest control, landscaping, guest house management and facade cleaning. However, till date, most of its revenue comes from housekeeping services, help desk management, office administrative, pantry and steward service.

The company is still in the initial stage when it comes to other services. However, KFSL is working very actively in order to expand its reach. In addition to this company is also has involved in various CSR programmes like women empowerment and employment to disable people. KFSL consists of team of professional who have great expertise in their domain.

Company Promoter

The promoter of the company are Vineet Pandey and Vishal Panchal.

Kaarya Facilities & Services Ltd – Company Financials

This is the summary of Kaarya Facilities & Services Ltd. financial information of the last 5 years in consolidated form:

Summary of financial Information (Consolidated)
ParticularsFor the year/period ended (in Rs. crores)
31-Mar-1731-Mar-1631-Mar-1531-Mar-1431-Mar-13
Total Assets4.764.503.453.072.19
Total Revenue10.678.418.088.484.92
Profit After Tax (PAT)0.570.190.150.010.05

Kaarya Facilities & Services Ltd Issue Details

  • IPO Open Date – 12 Oct 2017 – 17 Oct 2017
  • Issue Size – 1,599,000 Equity Shares of Rs 10  amounting to Rs. 6.40 Cr
  • Face Value – Rs 10 per equity share
  • Issue Price – Rs 40 per equity share
  • Lot size – 3000 shares
  • Minimum order quantity – 3000 shares
  • Listing Stock exchanges – BSE and SME

Kaarya Facilities IPO Prospectus

Kaarya Facilities IPO Lead Manager(s)

MAS Financial Services Ltd IPO Details

MAS Financial Services ipo

MAS Financial Services ipoMAS Financial Services IPO (MAS IPO)

MAS Financial Service Ltd is coming up with its IPO of Rs. 460 crores on 8 October 2017 i.e, today. It’s a non banking finance company whose headquarter is in Gujarat. MAS Financial services IPO is offering 1,80,27,464 shares with price band of 456-459. The issue will end on 10 October. The company on Thursday also announced that it is able to raise 136 crores from anchor investors including Wasatch HDFC MF, JP Morgan, ICICI Prudential MF, SBI MF, Birla Sun Life MF, Nomura, DSP Blackrock MF and Reliance MF.

Company Business

The primary focus of the company is on middle and lower income customer. MAS financial offer products and services under 5 categories namely Micro enterprise loans, Two wheeler loans, Commercial vehicle loans, Housing loans, SME loans. It has an extensive operational network in Gujarat and Maharashtra. Company is known for its vigorous risk management and credit worthiness framework. The shareholders of the company even include development finance institutions like FMO, DEG and private equity investors.

Company Promoter

The promoters of the MAS Financial Services company are:

  1. Kamlesh Chimanlal Gandhi
  2. Mukesh Chimanlal Gandhi
  3. Shweta Kamlesh Gandhi

MAS Financial Services Ltd – Company Financials

These are the summary of MAS Financial Services financial information of the last 5 years in consolidated form:

Summary of financial Information (Consolidated)
ParticularsFor the year/period ended (in Rs. million)
31-Mar-1731-Mar-1631-Mar-1531-Mar-1431-Mar-13
Total Assets20,244.7918,126.5114,877.8510,776.327,715.68
Total Revenue3,415.172,887.042,265.281,776.781,388.47
Profit After Tax (PAT)674.17500.08388.20316.76268.39

MAS Financial Services Issue Details

  • IPO Open Date – Oct 6, 2017 – Oct 10, 2017
  • Issue Type- Book Built Issue IPO
  • Issue Size – Equity Shares of Rs 10 aggregating up to Rs 460.04 Cr
    Fresh Issue of Equity Shares of Rs 10 aggregating up to Rs 233.00 Cr
    Offer for Sale of Equity Shares of Rs 10 aggregating up to Rs 227.04 Cr
  • Face Value – Rs 10 per share
  • Issue Price – Rs 456 – Rs 459 per equity share
  • Lot size – 32 shares
  • Minimum order quantity – 32 shares
  • Listing Stock exchanges – NSE and BSE

MAS Financial Services IPO Prospectus

MAS Financial Services IPO Lead Manager(s)

Indian Energy Exchange IPO Details

Indian Energy Exchange IPO

Indian Energy Exchange LimitedIndian Energy Exchange Ltd IPO (Indian Energy Exchange IPO)

Indian Energy Exchange Limited of India is about to come up with its Initial Public Offerings (IPO). The total issue size of equity shares will be launched by the company on October 9 is 1,000.73 Cr at an issue price of Rs 10. Furthermore, the company is India’s largest exchange in the products of electricity trading category.

IEX company is an online trading platform which is only accessible to all the registered participants. In addition to this, it even promotes efficient price discovery along with the opportunities to trade in variety of electricity products. IEX exchange also offers settlement services like access to clearing services, risk management functionality and electronic trade confirmation.

In financial year 2016-17, the market share of the company has commanded to 99.6% and 99.4% respectively. According to Central Electricity Regulatory Commission (CERC), in financial year 2016-17, well the traded contract volumes of 93.7% and 94.8% the electricity contracts are  combination of DAM (day-ahead-market), TAM (term-ahead-market) and RECs (renewable energy certificates).

Company Business

Indian Energy Exchange Limited company is India’s leading premier power trading platform. The main function of the company is to provide physical delivery of the electricity. IEX started its operations from year June 27, 2008. The headquarter of the company is in New Delhi, India. Currently company is having more than 3800 registered clients and possess more than 300 power generators along with more than 3,300 industrial electricity consumers.

Company Promoter

Indian Energy Exchange Ltd is managed by professionals. It does not have any identifiable promoters as per SEBI ICDR Regulations and the Companies Act, 2013. Initially Indian Energy Exchange company was promoted by Financial Technologies (India) Ltd and PTC India Financial Service Ltd (PFS). Promoters do not hold any equity shares of the company.

IEX – Company Financials

These are the summary of Indian Energy Exchange financial information of the last 5 years in consolidated form:

Summary of financial Information (Consolidated)
ParticularsFor the year/period ended (in Rs. million)
31-Mar-1731-Mar-1631-Mar-1531-Mar-1431-Mar-13
Total Assets5,517.144,237.554,057.373,688.672,822.16
Total Revenue2,374.232,001.401,763.781,739.901,383.65
Profit After Tax (PAT)1,135.651,003.40900.18919.45662.96

Indian Energy Exchange Issue Details

  • IPO Open Date – 9 Oct 2017 – 11 Oct 2017
  • Issue Type – Book Built Issue IPO
  • Issue Size – 6,065,009 Equity Shares of Rs. 10 amounting to Rs 1,000.73 Cr
    Offer for sale of Rs 6,065,009 equity shares of Rs. 10 each
  • Face Value – Rs 10 per equity share
  • Issue Price – Rs 1645 – Rs 1650 per equity share
  • Lot size – 9 shares
  • Minimum order quantity – 9 shares
  • Listing Stock exchanges – NSE and BSE

Indian Energy Exchange IPO Prospectus

General Insurance Corporation IPO Details

General Insurance Corporation IPO

General Insurance Corporation IPOGeneral Insurance Corporation IPO (GIC IPO)

General Insurance Corporation of India is coming up with its IPO (Initial Public Offering) of 11,500 Crore on October 11. This is the third largest IPO in Indian history. Earlier Coal India has come up with IPO of 15, 200 crore in October 2010 and Reliance Power with IPO of 11,700 crore in the year 2008. In the month of August GIC filed offer document with Securities Exchange Board of India. According to officials, GIC IPO consists of fresh issue of 17.2 million equity shares plus an offer of 107.5 million shares of the government.

General Insurance Corporation IPO is also the part of Indian government’s 2017-18 disinvestment programme. The target for this fiscal was to raise 72,500 crore. Centre is already successful in raising 15,000 crore. It has big hope from this IPO. There is also news that four other government owned insurance company namely National India Insurance, National Insurance, Oriental Insurance and  United India Insurance will also join the disinvestment procedure next.

General Insurance corporation is the largest government owned reinsurance company of India in terms of premiums. It is incorporated in the year 1972. The company offers bundles of general insurance products including property, marine, engineering, aviation and other miscellaneous insurance products. Apart from these, GIC also offers insurance products which provide you cover in agricultural activities, health insurance, motor insurance, credit and financials. To successfully handle such operations, business needs finance, IPO being one of the methods of raising finance.

Company Business

GIC Re offers reinsurance facilities in the Afro- Asian region. It also handles various reinsurance programmes in South East Asia, Middle East Asia and Africa. The headquarters are in Mumbai. However, the company has various branches from where it controls its business. The branches of General Insurance Corporation of India are spread over London, Dubai and Kuala Lumpur. In addition to this, it has a subsidiary in UK and South Africa plus a representative office in Moscow.

Company Promoter

The promoter of the company is President of India. However, Ministry of Finance handles the company in his behalf.

GIC – Company Financials

These are the summary of General Insurance Corporation’s financial information of the last 5 years in consolidated form:

Summary of financial Information (Consolidated)
ParticularsFor the year/period ended (in Rs. million)
31-Mar-1731-Mar-1631-Mar-1531-Mar-1431-Mar-13
Total Assets485,269.54406,375.76430,986.15332,005.86281,390.59
Total Revenue36,441.7932,340.7830,995.3426,985.0925,111.20
Profit After Tax (PAT)28,578.5226,549.1828,026.8523,218.4222,888.64

General Insurance Corporation Issue Details

  • IPO Open Date – 11 Oct 2017 – 13 Oct 2017
  • Issue Size – 124,700,000 Equity Shares of Rs. 5 amounting to Rs 11,372.64 Cr
    Fresh Issue of 17.2 million equity shares of Rs. 5 each
    Offer for sale of Rs 107.5 million equity shares of Rs. 5 each
  • Face Value – Rs 5 per share
  • Issue Price – Rs 855 – Rs 912 per equity share
  • Lot size – 16 shares
  • Minimum order quantity – 16 shares
  • Listing Stock exchanges – NSE and BSE

What is Term Insurance Plan?

Term Insurance Plan

What is Term Insurance Plan?

Term Insurance Plan is a type of life cover which provides cover for a certain amount of time. If in case the insured person dies during the term policy time frame then all the death benefits are offered to the nominee. It is even believed and said that term insurance plan is the best form of life insurance. However, it is even one of the most cheapest form of life insurance. In which the insurer pays premium during the coverage period for his/her life insurance coverage. As an additional benefit term insurance plan even provides tax benefits under Sec 80C of Income tax.

Why is Term Insurance Policy Important?

Let me explain you the importance of term insurance plan with an example. Assume that Amit is the only working person in a family of 4 people. It means that 4 people are financially dependent upon Amit. God for bit if something wrong happens with Amit then what will happen with the family. No one can actually compensate for the loss of life i.e., human life that the family has lost. But if Amit had taken term insurance plan then his family will receive financial stability. Even though the loss of human life cannot be compensated but at least family can be made strong financially.

Benefits of Term Insurance Plan

  1. You can choose lumpsum amount or monthly income as per your requirement.
  2. Set off all your liabilities and loans.
  3. Ensure your family so that when you are not there your family can live with pride.
  4. Claim lumpsum of your amount when have some critical illness.
  5. It even take cares of you and your family in case of your disability or critical illness.
  6. Claim additional insured sum in case of accidental death.
  7. In case of loss of income due to disability or illness you can provide supplementary income to your family.

Features of Term Insurance Policy

1.Tax Benefit

Term insurance plan offers tax benefits to its holders. As under Income Tax Act, 1961 Sec 80C and Sec 10 (10D) you can avail lucrative tax benefits that save income tax for you. As the premiums paid for critical illness benefits is even available for deduction under Sec 80D.

2. Policy Term

Minimum term for investing in term insurance is for 5 years. While the maximum term for investing may vary from 25 years to whole life span. One can either opt for single premium policy or for term plan period which ever suits you. If you have opted for single premium insurance policy then the policy term will vary from 5 to 15 years.

3. Plan Choice

The term insurance policy is available in two different options like choosing the plan for single life basis or on joint life basis. Single life plan means that the term plan will cover the life of the insured person only. However, joint life term plan is the plan in which covers the life of both husband and wife via single term plan. Majority of the term insurance plan will offer term plans on single claim basis. This clearly means that the term plan will pay the sum insured amount on the expiry of the insured people.

4. Maturity Age

Best feature of term insurance plan is that it will cover the insured throughout the life. Well most of the term plans offers coverage upto the age of 65 to 70 years. However, higher the maturity age higher will be the premium rate of the term plan. Even the risk associated with the plan will increase with the increase in age.

5. Entry Age

The minimum age limit to entry in a term plan is about 18 years while the maximum age limit is of 65 years. Well the premium of your term insurance plan will increase with the increase in age. In case if you are looking for a long term investment plan than term insurance policy is for you. As they have a lock-in premium which will not change your plan terms.

6. Death Benefits

In the event of death of the assured person the assured amount will be given to nominee. Depending upon the type of the plan, the death benefits will remain same for standard term plan, decreasing term plan or increasing term plan. However payment option in case of term plan will vary. It may include lumpsum payment or monthly, quarterly, yearly payment.

7. Additional Rider Benefits

Additional rider benefits are also available like claim against critical illness/ accidental death/ disability. Even accelerated sum assured facility is also available here. All the benefits can be added in the term plan by simply paying an additional premium amount. Some of the common term insurance riders are:

  • Critical Illness Riders
  • Accidental Death Benefit Rider
  • Waiver of Premium Rider
  • Total and Permanent Disability Benefit Rider
  • Hospital Cash Rider

Recent Posts

Current IPO's in NSE, BSE

Most Popular

mahindra logistics ipo grey market premium

Mahindra Logistics IPO Grey Market Premium, Mahindra IPO GMP

Mahindra Logistics IPO Grey Market Premium Mahindra Logistics IPO is coming on 31 October 2017 and is closing on 2 November 2017. The past three...
mahindra logistics ipo grey market premium

Mahindra Logistics IPO (Mahindra Logistics Limited IPO) Details

Mahindra Logistics IPO Mahindra Logistics IPO is coming on 31 October for Rs 700 Crore. The initial public offering will close on 2 November. Mahindra...
national stock exchange ipo

National Stock Exchange IPO (NSE IPO) Details

National Stock Exchange IPO (NSE IPO) National Stock Exchange is the leading stock exchange in India after Bombay Stock Exchange of India. According to the...
reliance nippon life ipo

Reliance Nippon Life IPO Grey Market Premium, Reliance Nippon Life IPO GMP

Reliance Nippon Life IPO Grey Market Premium Reliance Nippon Life IPO is coming on 25 October 2017. Company financials also reflects that last five years...
reliance nippon life ipo

Reliance Nippon Life IPO Details

Reliance Nippon Life IPO Reliance Nippon Life Asset Management  is coming up with its IPO (Initial Public Offering) of 1542.24 Crore on October 25. It...