New Delhi, June 16 -- The General Insurance Corporation of India (GIC Re) witnessed strong investor demand on the first day of its offer for sale (OFS), with the issue oversubscribed 3.72 times, reflecting robust participation from institutional investors.

The subscription window for non-retail investors opened on Tuesday, while retail investors and employees will be able to place bids on Wednesday, June 17, 2026. Additionally, the government will exercise the full green shoe option.

DIPAM Secretary shared the development via X on Tuesday, adding "Offer for Sale in General Insurance Corporation of India received an enthusiastic response from the investors on day one and was oversubscribed 3.72 times. Government has decided to exercise t...