Govt exercises oversubscription option in GIC Re OFS; total offer at 5% of capital

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GICRE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.0%Reaction day

₹356.65

prior close

₹351.00

announcement price

After-mkt

timing

Nifty Midcap 150market+0.5%-1.5% vs market

General Insurance peers, median of 5sector+0.4%-1.4% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Midcap 150 and 1.4 pts less than its General Insurance peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.2

10m

-0.8

15m

-0.9

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.0+0.5-1.5+0.4-1.4

Next day

+0.1+1.0-0.9+3.4-3.3

+3.7+1.3+2.4+4.9-1.1

+3.4+1.8+1.6+7.1-3.7

+2.7+0.8+1.9+6.6-3.9

+1.7+0.9+0.8+7.1-5.4

+2.1+0.0+2.0+9.0-6.9

15d

+1.5+0.8+0.7+2.3-0.8

+1.5+1.3+0.2+2.1-0.6

-0.5+3.5-3.9-1.4+1.0

-4.5-0.5-4.0-5.3+0.8

UpDownMarket · Nifty Midcap 150Sector · General Insurance peers, median of 5Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Government of India, the promoter of GIC Re, is exercising the oversubscription option in its ongoing Offer for Sale (OFS). The base offer of 3.51 crore shares (2% of paid-up capital) will increase by an additional 5.26 crore shares (3%), taking the total to 8.77 crore shares (5% of capital). The OFS is conducted on BSE/NSE on June 16, 2026 for non-retail investors and June 17, 2026 for retail investors, employees, and carry-forward bids. 10% of the offer is reserved for retail on T+1 day, with up to 20,000 shares earmarked for eligible employees.

Likely market impact

Extra 3% equity supply from government divestment may pressure the stock short-term; exercising the oversubscription option signals strong investor demand for GIC Re.