Govt exercises oversubscription option in GIC Re OFS; total offer at 5% of capital
GICRE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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.
Extra 3% equity supply from government divestment may pressure the stock short-term; exercising the oversubscription option signals strong investor demand for GIC Re.