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
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.)