Retail players can skip GIC Re's OFS: Analysts (opens original article in a new tab)
Analysts recommend retail investors avoid GIC Re's OFS due to profitability issues and sector challenges, as non-retail investors heavily subscribed to the offering.
- Analysts advise retail investors to avoid GIC Re's OFS due to profitability concerns
- GIC Re's FY26 combined ratio is 106% with reliance on investment portfolio for profits
- Non-retail portion of OFS subscribed 3.72 times, leading to exercise of greenshoe option
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