GIC OFS opens for retail investors today. Should you participate or not?

Government OFS in GIC Re opened for retail investors as the stock fell about 3 percent to ₹347.90 on BSE. The non-retail segment was oversubscribed 3.72 times, prompting full exercise of the 3 percent greenshoe option, taking the total potential divestment to 5 percent (over ₹3,000 crore) at a floor price of ₹352 per share. Analysts advise retail investors to participate cautiously given supply overhang and weak near-term demand.