GIC Re IPO subscribed 90% on second day

The portion of shares reserved for institutional investors in the GIC Re IPO saw a subscription of 1.67 times, while that for retail and non-institutional investors were subscribed 16% and 2%, respectively

Sneh Susmit
Updated12 Oct 2017, 08:31 PM IST
The GIC Re IPO, which aims to raise Rs11,370 crore by issuing shares in a price band of Rs855-912, closes on 13 October.
The GIC Re IPO, which aims to raise Rs11,370 crore by issuing shares in a price band of Rs855-912, closes on 13 October.(The GIC Re IPO, which aims to raise Rs11,370 crore by issuing shares in a price band of Rs855-912, closes on 13 October.)

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