GIC stake sale subscribed 3.72 times on first day
Published on: June 17, 2026, 1:34 a.m. | Source: The Tribune
Institutional investors responded well to the government’s offer for sale (OFS) of up to a 5 per cent stake in General Insurance Corporation of India (GIC) on Tuesday, with the issue oversubscribed 3.72 times on the first day. In comparison to the base issue size of 3.16 crore shares set out for them, non-retail investors bid for more than 11.73 crore shares, according to BSE data. The bids were valued at more than Rs 4,000 crore at an indicated price of Rs 352.92 per share, according to BSE data. The bids were valued at more than Rs 4,000 crore at an indicated price of Rs 352.92 per share.
