GIC share price in focus as OFS for non-retail investors opens today. Issue size, price, discount, other key details (opens original article in a new tab)

The Indian government is offering to sell up to 5% of its stake in GIC through an OFS, with the offer open for non-retail investors on 16 June. The floor price is set at ₹352 per share, and there is an option to sell an additional 3% if demand is strong.

• Government announces OFS to divest up to 5% stake in GIC at floor price of ₹352 per share.
• OFS opens for non-retail investors on 16 June, with retail investors able to bid on 17 June.
• Government may sell additional 3% stake via greenshoe option if demand is strong.