The net proceeds from the fresh issue will be used to augmenting the capital base to support the future growth of business and to maintain the current solvency levels.
GIC stands at number four among similar global players in terms of premium growth, net expense ratio and investment yield.
India is in a high growth phase and going forward it will be a stable growth for GIC Re and Indian insurer market as well, said Vaidyan. At the IPO price of Rs912, GIC Re is reasonably valued at 3.6 times P/BV on a post money basis.
Government through this IPO plans to sell 12.26% stake in the company and the corporation itself is selling 1.96% stake. "Positives such as leadership position, well managed investment book, robust balance sheet and reasonable valuations provide comfort", says Angel Broking, which has a "subscribe" rating on the issue.
"The financials of the company may get affected adversely if India witnesses bad monsoon or successive poor monsoon seasons, drought, flooding or other catastrophic events impacting the Indian agriculture industry", Angel Broking said.
While operating profit and PAT have grown at a CAGR of 17% and 4% respectively with an average RoE (return on equity) of 17%. "However, given the full valuation and size of the issue, the stock is expected to give returns only in the long term", the brokerage said.
Real ID is a federal law, first approved in 2005, to set minimum security standards for federally acceptable identification. Department of Homeland Security has agreed to grant Minnesota a "grace period" that runs through January 22, 2018.
Adults 65 and older, children, pregnant women and those with compromised immune systems are among those that are the most at risk. The seasonal quadrivalent vaccine also includes influenza B vaccine virus, a B/Phuket/3073/2013-like virus (Yamagata lineage).
Rodgers-Cromartie, a veteran, has been with the Giants since 2014 and is part of a team that is now 0-5, its season all but over. It doesn't help that the Jets are 3-2, and somehow in contention in the AFC East through more than a quarter of the season.
James Mattis said he does not know what may transpire with regards to North Korea but called on the U.S. Over the weekend, Trump suggested that "only one thing will work" when dealing with North Korea.
The company shares sank -6.14% from their peak of $81.65 and now has a $49.29 billion market value of equity. The first sale was made at $32.84 but later the stock became weaker, and closed with a fall of -0.15%.
It dived, as 78 investors sold BMY shares while 520 reduced holdings. 120 funds opened positions while 451 raised stakes. Taking notice on volatility measures, price volatility of stock was 1.28% for a week and 1.24% for a month.
Apparently, the iconic New York-based leather goods brand has chose to change its name to Tapestry Inc, at the end of October. In early NY trading, Coach shares were down 1.9% at US$39.243, having gained 13% for the year so far.
Stuart said the loud noise was actually a passerby who spotted the fire and was trying to raise the alarm to get people outside. No cause of the fire has been determined yet, and until it is, Stuart says it's considered to be suspicious.
In the most updated research from a number of analysts on Wall Street, the company gets 3 Buys and 2 Sell among 14 analysts. JP Morgan has "Overweight" rating and $39.0 target. (NASDAQ:CSOD) has risen 0.77% since October 10, 2016 and is uptrending.
DC's Legends of Tomorrow also stars Brandon Routh, Arthur Darvill, Caity Lotz, Ciarra Renee, Nick Zano, and Dominic Purcell. Still, with the time-travel nature of the superhero show, there is always a possibility for characters to be brought back.
Five dead, 27 missing in Kisii building collapse
He said 24 people had been hospitalised and that Kenya Defence Forces have been called in to assist in the rescue operation. Mr Julius Orare, who lives in a residential near the collapsed building said he was in the shower when he heard tremors.
Trump to name new Homeland Security secretary
After Kelly became chief of staff to Trump, Nielsen became his deputy chief of staff and special assistant to the president. Kelly, the White House chief of staff, is said to be President Trump's choice to run the Department of Homeland Security .
Trust deficit issues between Apple and Samsung
Some rumours have also emerged that apple is considering to invest in the E6 plant to increase the production of OLED panels. These foldable displays will be OLED screens but the element of flexibility would be the distinguishing factor this time.