General Insurance Corporation of India (GIC Re) OFS Opens on June 16

The Government of India has announced an Offer for Sale (OFS) in General Insurance Corporation of India (GIC Re), scheduled to open on June 16, 2026. The OFS provides investors an opportunity to participate in one of India's leading reinsurance companies through the stock exchange mechanism.

Under the offer, the government will sell up to 5.62 crore shares, comprising a base offer of 3.58 crore shares and an additional 2.04 crore shares through the green shoe option. The total offer represents approximately 3.2% of GIC Re's equity capital.

Key Highlights of the OFS

• Company: General Insurance Corporation of India (GIC Re)
• Exchange Symbol: GICRE
• Floor Price: ₹350 per share
• Market Lot: 1 share
• Offer Opens: June 16, 2026
• Offer Size: Up to 5,62,38,000 shares
• Retail Investor Reservation: 35,08,800 shares (20% of base offer)
• Employee Reservation: 20,000 shares
• Allocation Method: Price Priority
   

The OFS will be conducted through the exchange platform, allowing eligible investors to place bids at or above the floor price. Retail investors have a dedicated reservation, while non-retail investors can participate through the separate institutional category.

Investors interested in participating should review the detailed OFS schedule and bidding guidelines issued by the exchanges before placing bids.

Source: NSE Trading Operations Notice No. 20260615-39 dated June 15, 2026.