State-owned General Insurance Corporation of India will make its stock market debut on Wednesday after having concluded its ₹11,370-crore initial public offering (IPO). The GIC Re IPO, which opened on October 11 and closed on October 13, was oversubscribed 1.38 times.
The reinsurance company had fixed the price band at ₹855-912 for its IPO. The listing will direct focus on listed insurance players ICICI Prudential Life Insurance and SBI Life Insurance.