LIC IPO gets Sebi approval; what's next for investors, policyholders
3 years ago

LIC IPO gets Sebi approval; what's next for investors, policyholders

India Today  

LIC's initial public offering has received a nod from market regulator the Securities and Exchange Board of India. Sebi's approval comes in the wake of reports that the initial share sale was set to be delayed to next financial year due to market volatility stoked by the Ukraine crisis. RUSSIA-UKRAINE WAR IMPACT ON LIC IPO Last week, DIPAM Secretary Tuhin Kanta Pandey said that while the government's desire is to come out with the Initial Public Offer of the state-owned life insurer in the current fiscal, it is a "dynamic situation". We are closely watching the market and certainly whatever the government will do, we will do in the best interest of the investors and also the IPO," Pandey, Secretary of Department of Investment and Public Asset Management, said. Speaking at the seventh National Conference on Economics of Competition Law, 2022, he also said the government's desire to come up with the IPO of the state-owned insurer this fiscal year itself.

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History of this topic

Will NSE Finally Be Able To Go Public? Exchange Approaches SEBI Again For IPO Clearance, Says Report
2 days, 2 hours ago

Will NSE Finally Be Able To Go Public? Exchange Approaches SEBI Again For IPO Clearance, Says Report

ABP News  

The National Stock Exchange has again approached the Securities and Exchange Board of India, in hopes of getting approval for its long-awaited initial public offering. Citing sources in the know, Moneycontrol reported that the NSE submitted a formal request with the regulator on March 28, reaffirming its intent to address regulatory concerns that have hindered its listing process for over …

PhysicsWallah files confidential IPO papers with Sebi
1 week, 3 days ago

PhysicsWallah files confidential IPO papers with Sebi

Firstpost  

PhysicsWallah, the edtech unicorn based in Noida, has filed draft IPO papers with the Securities and Exchange Board of India through a confidential pre-filing route. What’s confidential filing PhysicsWallah announced on Wednesday that it has “filed pre-DRHP with Sebi and the stock exchanges under ICDR Regulations in relation to the proposed initial public offering of its equity shares on the …

LG Electronics' unit listing in India: Market regulator SEBI approves IPO to raise ₹15,000 crore
Trending News
1 week, 6 days ago

LG Electronics' unit listing in India: Market regulator SEBI approves IPO to raise ₹15,000 crore

Hindustan Times  

LG Electronics India Ltd, a subsidiary of the South Korean chaebol LG, has received markets regulator Sebi's approval for its ₹15,000 crore initial public offering, people familiar with the matter said on Thursday. This will be the second South Korean company to tap the Indian stock market following the listing of Hyundai Motors India Ltd in October last year. In …

Crizac Limited gets Sebi nod for ₹1,000 crore IPO; Details here
2 weeks, 5 days ago

Crizac Limited gets Sebi nod for ₹1,000 crore IPO; Details here

Live Mint  

Kolkata-based Crizac Limited has received final approval from markets regulator Securities and Exchange Board of India to raise ₹1,000 crore through initial public offering. About the company Crizac Limited is a B2B education platforms for agents and global institutions of higher education offering international student recruitment solutions to global institutions of higher education in United Kingdom, Canada, Republic of Ireland, …

Upcoming IPO: Excelsoft Technologies files draft papers with SEBI for ₹700 crore IPO
4 weeks, 1 day ago

Upcoming IPO: Excelsoft Technologies files draft papers with SEBI for ₹700 crore IPO

Live Mint  

Upcoming IPO: Global vertical SaaS company Excelsoft Technologies, on March 2, said that it has filed draft red herring prospectus with capital markets regulator Securities and Exchange Board of India to raise ₹700 crore through an initial public offering. As per the DRHP, the Karnataka-based company's proposed IPO consists of a fresh equity issue totaling up to ₹210 crore and …

IDBI Bank to Union Bank of India: These 4 bank stocks to watch ahead of NSDL IPO
1 month ago

IDBI Bank to Union Bank of India: These 4 bank stocks to watch ahead of NSDL IPO

Live Mint  

NSDL IPO: India's largest depository, National Securities Depository Limited, is set to launch its initial public offering in March. IDBI Bank, Union Bank of India, SBI, and HDFC Bank are selling their stakes through the NSDL's public issue. Some experts believe the NSDL IPO may positively impact the quarterly numbers of IDBI Bank, Union Bank of India, SBI, and HDFC …

Upcoming IPO: CIEL HR Services receives Sebi nod for proposed public offer
1 month, 1 week ago

Upcoming IPO: CIEL HR Services receives Sebi nod for proposed public offer

Live Mint  

Human Resource services provider CIEL HR Services, on Monday, said that it has received final observation from markets regulator Securities and Exchange Board of India to raise funds via initial public offering. About the company CIEL HR Services offer multiple human resource services and technology platforms catering to the needs of a wide range of sectors. The human resource services …

IPO Watch: Atlanta Electricals files draft papers with SEBI for IPO
1 month, 3 weeks ago

IPO Watch: Atlanta Electricals files draft papers with SEBI for IPO

Live Mint  

IPO Watch: Atlanta Electricals Limited has filed its draft red herring prospectus with the capital market regulator, Securities and Exchange Board of India, for an initial public offering. In support of India’s renewable energy ambitions, the company made significant strides in the green energy transition in 2021 by obtaining a substantial order for the delivery of eight 80 MVA, 220/33 …

Upcoming IPO: Delhi-based Indogulf Cropsciences gets Sebi nod for IPO
1 month, 3 weeks ago

Upcoming IPO: Delhi-based Indogulf Cropsciences gets Sebi nod for IPO

Live Mint  

Upcoming IPO: Indogulf Cropsciences Limited, headquartered in Delhi, has been issued final observation by the Securities and Exchange Board of India, allowing them to raise up to ₹200 crore through an initial public offering. Indogulf Cropsciences commenced its operations in 1993, focusing on three business sectors: crop protection, plant nutrients, and biological products, providing solutions to both retail and institutional …

SMPP, Brigade Hotel, Kumar Arch Tech and five others get Sebi nod for IPO
Trending News
1 month, 3 weeks ago

SMPP, Brigade Hotel, Kumar Arch Tech and five others get Sebi nod for IPO

New Indian Express  

Eight firms including SMPP, Brigade Hotel and Kumar Arch Tech have received approval from capital market regulator Securities and Exchange Board of India to raise over a combined Rs 6,500 crore through initial public offerings. Other firms that have received Sebi's approval include Solarworld Energy Solutions, Indogulf Cropsciences, Globe Civil Projects, Aditya Infotech, and Prostarm Info Systems. Eclipsing the extreme …

SEBI plans new measures for IPO trading amid surge in first-time share sales
2 months, 1 week ago

SEBI plans new measures for IPO trading amid surge in first-time share sales

Hindustan Times  

India’s securities market regulator is considering steps to formalize trading in initial public offerings where bidding has closed, but the shares are yet to be listed. Madhabi Puri Buch, the chairwoman of the Securities and Exchange Board of India, stated that investors who get allocations may be permitted to exchange their right to those shares before the listing. The Securities …

Upcoming IPOs: Dr. Agarwal’s and Regreen Excel get SEBI nod to raise funds via public issue
2 months, 3 weeks ago

Upcoming IPOs: Dr. Agarwal’s and Regreen Excel get SEBI nod to raise funds via public issue

Live Mint  

The primary market is all set to witness opening of three new initial public offerings as markets regulator Securities and Exchange Board of India gives its green signal. Dr. Agarwal's, Casagrand Premier and Regreen Excel EPC are among the companies which received approval from the markets regulator to raise funds via IPO. Dr. Agarwal's IPO Dr. Agarwal Health Care, backed …

Ather Energy gets SEBI nod for fundraise via IPO launch. Details here
3 months ago

Ather Energy gets SEBI nod for fundraise via IPO launch. Details here

Live Mint  

Ather Energy, the electric two-wheeler manufacturer, has received final approval from capital markets regulator Securities and Exchange Board of India to float its initial public offering. According to the company’s Draft Red Herring Prospectus filed in September this year, Ather Energy IPO will be a combination of fresh issue of equity shares worth ₹3,100 crore, and an offer-for-sale of 2.2 …

Upcoming IPO: Gurgaon-based Earthood Services files DRHP with SEBI to raise funds via IPO; Details here
3 months ago

Upcoming IPO: Gurgaon-based Earthood Services files DRHP with SEBI to raise funds via IPO; Details here

Live Mint  

Upcoming IPO: Earthood Services Limited filed its preliminary draft papers with the capital markets regular Securities and Exchange Board of India on Friday, December 27, to raise funds via an initial public offering. According to the company's draft red herring prospectus, the proposed IPO comprises a fresh issue component of 36 lakh equity shares and an offer for sale of …

Upcoming IPO: Ashish Kacholia-backed Sri Lotus Developers and Realty files DRHP with SEBI to raise ₹792 crore via IPO
3 months ago

Upcoming IPO: Ashish Kacholia-backed Sri Lotus Developers and Realty files DRHP with SEBI to raise ₹792 crore via IPO

Live Mint  

Mumbai-based real estate developer Sri Lotus Developers Limited has filed its draft red herring prospectus with the markets regulator, the Securities and Exchange Board of India, on Thursday, December 26. Sri Lotus Developers IPO Details The Sri Lotus Developers Limited is offering an entirely fresh issue of equity shares with a face value of ₹1 per share, amounting to ₹792 …

NACDAC Infra IPO: This SME issue garners over ₹14,000 crore bids for ₹7 crore offer; here’s what GMP signals
3 months, 1 week ago

NACDAC Infra IPO: This SME issue garners over ₹14,000 crore bids for ₹7 crore offer; here’s what GMP signals

Live Mint  

NACDAC Infrastructure IPO: The recent SME IPO of NACDAC Infrastructure has drawn significant attention, becoming one of the highest-subscribed issues in the SME segment. Today's grey market premium for NACDAC Infrastructure IPO is ₹32 per share, as per the market observers, suggesting that the shares are likely to list at ₹67, a 90 per cent premium over the issue price …

SEBI Continues To Fast-Track Approval For IPOs, Average Time For Acceptance Reduces To 107 Days In FY24
8 months, 3 weeks ago

SEBI Continues To Fast-Track Approval For IPOs, Average Time For Acceptance Reduces To 107 Days In FY24

ABP News  

The Securities and Exchange Board of India has continued fast-tracking the approval process for the initial public offerings, data from PRIME Database revealed. The statistics found that the capital markets regulator on an average took 107 days to authorise the approval for IPOs filed in the 2023-24 fiscal year. Comparatively, the board took 129 days on an average to give …

Hyundai Motor India To File DRHP With SEBI For Potential $2.5-Billion IPO
9 months, 2 weeks ago

Hyundai Motor India To File DRHP With SEBI For Potential $2.5-Billion IPO

ABP News  

Hyundai Motor India IPO: Hyundai Motor India's unit is preparing to file a draft red herring prospectus with the Securities and Exchange Board of India within the next two weeks, according to a report by the Economic Times. If successful, Hyundai Motor India's IPO could be among the largest in Indian history, potentially raising nearly $2.5 billion, as estimated by …

LIC gets 3 more years till May 16, 2027 to meet Sebi's 10 per cent public shareholding norm
10 months, 2 weeks ago

LIC gets 3 more years till May 16, 2027 to meet Sebi's 10 per cent public shareholding norm

New Indian Express  

NEW DELHI: Life Insurance Corporation on Wednesday said markets regulator Sebi has granted an additional 3 years time till May 16, 2027 to comply with the 10 per cent public shareholding norm. "Securities and Exchange Board of India vide its letter dated May 14, 2024 has conveyed its decision, to grant additional time of 3 years to Life Insurance Corporation …

Mobikwik refiles draft IPO papers with SEBI to launch ₹700 crore issue
1 year, 2 months ago

Mobikwik refiles draft IPO papers with SEBI to launch ₹700 crore issue

Hindustan Times  

Payment platform Mobikwik has once again filed the its papers with the Securities and Exchanges Board of India to launch an initial public offering. The Draft Red Herring Prospectus of Mobikwik states that the IPO will comprise entirely of fresh issue of ₹700 crore, with a face value of ₹2 per equity share. The BRLMs of the Mobikwik IPO will …

Emcure Pharma IPO: Bain Capital-Backed Firm Files Fresh Papers With SEBI
1 year, 3 months ago

Emcure Pharma IPO: Bain Capital-Backed Firm Files Fresh Papers With SEBI

ABP News  

Bain Capital-backed Emcure Pharmaceuticals has filed fresh preliminary papers with capital markets regulator Securities and Exchange of India to raise funds through an Initial Public Offering, the PTI said. According to the report, the IPO comprises a fresh issuance of equity shares worth Rs 800 crore and an Offer of Sale of 1.36 crore equity shares by promoters and existing …

SEBI sets conditions for National Stock Exchange IPO. These are…
1 year, 3 months ago

SEBI sets conditions for National Stock Exchange IPO. These are…

Hindustan Times  

The Securities and Exchange Board of India has laid down some important conditions for the National Stock Exchange's proposed initial public offering, media reports said on Monday. According to Zee Business, the NSE had filed its draft papers for the IPO with SEBI in December 2016, with a plan to raise ₹10,000 crore from the public issue, which was planned …

Jana Small Finance Bank Refiles DRHP With SEBI For IPO Worth Rs 575 Crore
1 year, 7 months ago

Jana Small Finance Bank Refiles DRHP With SEBI For IPO Worth Rs 575 Crore

ABP News  

Jana Small Finance Bank has reapplied to launch its initial public offering with the Securities Exchange Board of India on Sunday. The shareholders offering their shares via the OFS are Client Rosehill Ltd, CVCIGP II Employee Rosehill Ltd, Global Impact Funds, S.C.A., SICAR, Sub-Fund Global Financial Inclusion Fund, Growth Partnership II Ajay Tandon Co-Investment Trust, Growth Partnership II Siva Shankar …

NSE’s IPO plan stumbles at Sebi’s door over pending legal cases
1 year, 11 months ago

NSE’s IPO plan stumbles at Sebi’s door over pending legal cases

Live Mint  

The National Stock Exchange of India's share listing plan will not be approved by the market watchdog until pending legal and regulatory cases involving the nation's biggest bourse are resolved, two sources familiar with the matter said. The Securities and Exchange Board of India has formed an internal view that due to the pending cases it won't approve NSE's application …

Four companies get Sebi approval for public listings
1 year, 11 months ago

Four companies get Sebi approval for public listings

Live Mint  

MUMBAI : Healthvista India, which runs home healthcare business Portea Medical, and Cyient DLM, a unit of IT services firm Cyient, are among the four companies that have received approval from the Securities and Exchange Board of India to raise funds through initial public offerings. Healthvista is planning a fresh issue of equity shares to raise up to ₹200 crore …

OYO To Refile Updated Draft IPO Papers By Mid-February
2 years, 2 months ago

OYO To Refile Updated Draft IPO Papers By Mid-February

ABP News  

Oravel Stays Ltd, which operates travel tech firm and brand OYO, on Wednesday said it will refile its draft initial public offering papers by the middle of February, the PTI reported. The Securities and Exchange Board of India, had asked the company to refile the draft IPO application with certain updates earlier this month. Responsibilities have been divided among different …

Elin Electronics IPO: What these three brokerages have to say
2 years, 3 months ago

Elin Electronics IPO: What these three brokerages have to say

Live Mint  

Elin Electronics Ltd, an electronics manufacturing services provider, which filed the draft red herring prospectus with the Securities and Exchange Board of India for its initial public offering in November 2021, opens for subscription from tomorrow and closes on December 22. The public issue with a face value of 5 rupees per equity share comprises a fresh issue worth 175 …

‘No business to suggest…’: SEBI chief on IPO pricing of new-age tech firms
2 years, 6 months ago

‘No business to suggest…’: SEBI chief on IPO pricing of new-age tech firms

Hindustan Times  

Securities Exchange Board of India chairperson Madhabi Puri Buch on Tuesday said the capital markets regulator has no business to suggest pricing of the initial share sale of new-age technology companies. Sebi chairperson Madhabi Puri Buch said a company is free to ask for a higher price, but needs to disclose what happened in the intervening period which justifies the …

Sebi Gives Approval To 28 Companies in April-July To Launch IPOs; Check Details
2 years, 7 months ago

Sebi Gives Approval To 28 Companies in April-July To Launch IPOs; Check Details

News 18  

The Securities and Exchange Board of India gave its approval to initial public offerings through which 28 companies plan to raise about Rs 45,000 crore in April-July 2022. The firms that have got the Sebi approval for IPOs include Bharat FIH, a subsidiary of FIH Mobiles and a Foxconn Technology Group; lifestyle retail brand FabIndia; Blackstone-backed Aadhar Housing Finance; TVS …

Portea files draft papers with Sebi
2 years, 9 months ago

Portea files draft papers with Sebi

Live Mint  

Healthvista India Ltd,, India’s largest home healthcare provider, on Thursday filed its draft red herring prospectus with market regulator Securities and Exchange Board of India for its initial public offering. The selling shareholders include Accel Growth III Holdings Ltd,Accel India III Ltd, Ventureast Life Fund III LLC Ltd, MEMG CDC Ventures, Qualcomm Asia Pacific Pte Ltd, Accel India V Limited …

LIC IPO among Asia’s top wealth losers this year
2 years, 9 months ago

LIC IPO among Asia’s top wealth losers this year

Live Mint  

An eye-popping $17 billion wipeout in market value has made Life Insurance Corp of India one of the biggest wealth destroyers among Asia’s initial public offerings this year. Having plunged 29% since its May 17 debut, India’s biggest ever IPO now ranks second in terms of market capitalization loss since listing, according to data compiled by Bloomberg. Almost a month …

LIC IPO: Investors may get shares dividend, hints insurer
2 years, 10 months ago

LIC IPO: Investors may get shares dividend, hints insurer

India Today  

Life Insurance Corporation of India will hold a meeting of its board of directors to consider and approve payment of dividends, if any, the insurance behemoth said in a BSE-filing. The country's largest insurer made a lacklustre debut on stock exchanges, listing at over 8 per cent discount after a successful initial public offering which fetched Rs 20,557 crore for …

LIC Share Listing Today: Insurer's Stock Trades At 12 Per Cent Discount In Pre-Opening
2 years, 10 months ago

LIC Share Listing Today: Insurer's Stock Trades At 12 Per Cent Discount In Pre-Opening

ABP News  

New Delhi: The shares of Life Insurance Corporation, India’s largest insurer, will get listed on Tuesday on the stock exchanges, the BSE and NSE. In the pre-market trading, LIC shares are down 12.54 per cent at Rs 830. After witnessing a good response from domestic investors in the initial share sale, the LIC IPO fetched Rs 20,557 crore to the …

LIC set to debut shares on stock market today; here's what you need to know
2 years, 10 months ago

LIC set to debut shares on stock market today; here's what you need to know

Firstpost  

LIC had last month reduced its IPO size to 3.5 per cent from 5 per cent decided earlier due to the prevailing choppy market conditions New Delhi: The country’s largest insurer LIC will list its shares on the stock exchanges on Tuesday after witnessing a good response from domestic investors in the initial share sale, which fetched Rs 20,557 crore …

LIC Policyholders: Buy, Sell or Hold, What Should you Do After LIC IPO Lists on Tuesday?
2 years, 10 months ago

LIC Policyholders: Buy, Sell or Hold, What Should you Do After LIC IPO Lists on Tuesday?

News 18  

The Life Insurance Corporation of India is all set to start its stock market journey on Tuesday, May 17. However, LIC IPO is listing at a time when stock market is extremely volatile and the central bank is rising interest rates to tame surging inflation. So if you have received the share of LIC, here is a listing day strategy …

LIC IPO: Issue Price Fixed At Rs 949 Per Share; Listing Likely On May 17
2 years, 10 months ago

LIC IPO: Issue Price Fixed At Rs 949 Per Share; Listing Likely On May 17

News 18  

Life Insurance Corporation, which recently concluded its initial public offering with 2.95 times subscription, has set an IPO issue price of 949 per share. The country’s largest LIC IPO, which was open for public subscription between May 4 and May 9, received 47.83 crore bids as against the offer size of 16.21 crore. Pandey also said LIC IPO subscribed 2.95 …

LIC IPO allotment status: Haven't received shares? All you need to know about refund
2 years, 10 months ago

LIC IPO allotment status: Haven't received shares? All you need to know about refund

India Today  

The share allotment of the LIC IPO has been completed. Following the completion of the share allotment of LIC's IPO, there will be initiation of refunds for those who have not received shares. Applicants, who have checked allotment status and were not allotted shares of LIC, will get back their money as initiation of the refund process began on Friday. …

LIC IPO Share Allotment Finalised. Did you Get LIC Share? How to Check
2 years, 10 months ago

LIC IPO Share Allotment Finalised. Did you Get LIC Share? How to Check

News 18  

LIC IPO in India Share Allotment: The much-awaited initial public offering of Life Insurance Corporation of India has closed, and the company finalised share allotment on May 12. Here’s How to Check LIC IPO Share Allotment Status on NSE -Go to NSE’s official website — https://www.nseindia.com/ -Go to the “equity” option and select “LIC IPO” from the drop-down menu. -Complete …

LIC IPO: No Interim Relief on Pleas Seeking Stay on Share Allotment, Says SC
2 years, 10 months ago

LIC IPO: No Interim Relief on Pleas Seeking Stay on Share Allotment, Says SC

News 18  

The Supreme Court on Thursday refused to grant any interim relief and stay the Life Insurance Corporation IPO share allotment on a batch of pleas filed by some policy holders. A bench of Justices DY Chandrachud, Surya Kant and PS Narasimha said that the court should be reluctant to grant any interim relief in matters of commercial investments and IPO. …

LIC IPO share allotment expected today, check steps to see status online here
2 years, 10 months ago

LIC IPO share allotment expected today, check steps to see status online here

Firstpost  

The IPO was open from 4 May to 9 May for the subscription. While the allotments are expected to be done today, shares will likely be credited to Demat accounts on 16 May Life Insurance Corporation of India is expected to finalise the Initial Public Offering share allotment today, 12 May. They can also log in to direct BSE link …

LIC IPO allotment today: Direct link to check share application status
2 years, 10 months ago

LIC IPO allotment today: Direct link to check share application status

India Today  

The LIC IPO allotment date is here and applicants on Thursday will get to know whether they have been allotted shares of the national insurer or not. LIC IPO ALLOTMENT STATUS To check the status of your application in the LIC IPO, you need to go to https://www.bseindia.com/investors/appli_check.aspx You need to enter details such as issue type, issue name, application …

LIC IPO Share Allotment Today: How to Check Status Via BSE, KFin Tech, GMP
2 years, 10 months ago

LIC IPO Share Allotment Today: How to Check Status Via BSE, KFin Tech, GMP

News 18  

LIC IPO in India Share Allotment: Life Insurance Corporation of India is likely to finalise the IPO share allotment today, which is keenly awaited by investors who have participated in the country’s biggest-ever public issue. Check LIC Share Allotment Status Via Registrar KFin Technologies Website -To check the share allotment status, select the company name as ‘LIC — IPO’ from …

LIC IPO Share Allotment Soon: How to Check Subscription Status Via NSE, KFinTech Website
2 years, 10 months ago

LIC IPO Share Allotment Soon: How to Check Subscription Status Via NSE, KFinTech Website

News 18  

Life Insurance Corporation of India IPO share allotment will be finalised on Thursday, 12 May, after the Rs 21,000-cr public offer received 2.95 times subscription. Check LIC Share Allotment Status Via Registrar KFin Technologies Website -To check the share allotment status, select the company name as ‘LIC — IPO’ from the drop-down list on the Link Intime India website when …

LIC IPO: Allotment date, direct link to check share application status
2 years, 10 months ago

LIC IPO: Allotment date, direct link to check share application status

India Today  

The subscription period for India's biggest initial public offering is over and all eyes will be on the LIC IPO's share allotment. LIC's IPO was subscribed 2.95 times on the last day of the offer period on Monday, helping the government mobilise about Rs 21,000 crore. LIC IPO ALLOTMENT DATE Bidders in the LIC IPO will be allocated shares on …

LIC IPO GMP Today, Share Allotment Date, Status, Listing Date; All you Need to Know
2 years, 10 months ago

LIC IPO GMP Today, Share Allotment Date, Status, Listing Date; All you Need to Know

News 18  

LIC IPO: The initial public offering of Life Insurance Corporation of India has received a healthy response from investors as the offer has subscribed 2.95 times, receiving bids for 47.83 crore equity shares against LIC IPO size of 16.2 crore equity shares in total, as the six-day long subscription came to an end. DIPAM Secretary Tuhin Kanta Pandey on Monday …

Retail investors contributed most to LIC IPO success, says DIPAM secretary Tuhin Kanta Pandey
2 years, 10 months ago

Retail investors contributed most to LIC IPO success, says DIPAM secretary Tuhin Kanta Pandey

The Hindu  

The initial public offer of the Life Insurance Corporation of India closed successfully on Monday evening at 7 p.m. and is expected to yield about ₹20,500 crore to the exchequer, top finance ministry officials said. “I am pleased to inform you that the offer that was started on May 4, has closed today at 7 pm, and it has met …

LIC IPO allotment date: How to check application status
2 years, 10 months ago

LIC IPO allotment date: How to check application status

India Today  

The initial public offering of LIC is all set to close for subscription on Monday. Those who have applied for LIC's IPO, are eagerly waiting to know whether they have been allotted coveted shares of Life Insurance Corporation or not. LIC IPO ALLOTMENT DATE Shares of LIC will be listed on BSE and NSE on May 17. LIC SHARE ALLOTMENT …

LIC IPO Last Day Subscription Update: IPO Booked 2.95 Times; Retail Investors Make Record Bids
2 years, 10 months ago

LIC IPO Last Day Subscription Update: IPO Booked 2.95 Times; Retail Investors Make Record Bids

News 18  

The initial public offering of Life Insurance Corporation of India was subscribed 2.95 times on the sixth and the last day of bidding on Monday. LIC’s initial public offering has received 2.95 times subscription on the final day of bidding, with the portion reserved for qualified institutional buyers fully booked. LIC IPO Subscription Update At The End of Day 6, …

LIC IPO subscription closes today | Check status
2 years, 10 months ago

LIC IPO subscription closes today | Check status

India Today  

The subscription process for LIC's initial public offering is closing on Monday. The initial public offering, which is set to be India's biggest ever initial share sale, has received a positive response so far as all categories were subscribed fully. Shares reserved for non-institutional investors, including high-networth individuals, were subscribed fully, taking the overall subscription of the LIC's IPO to …

LIC IPO subscription status: Issue booked over 2x on last day. Latest updates
2 years, 10 months ago

LIC IPO subscription status: Issue booked over 2x on last day. Latest updates

Live Mint  

Life Insurance Corporation's IPO, the country's biggest initial public offer, was subscribed more than 2 times on the final day of the issue that closes today. As of 3:10 pm on the last day of the bidding, LIC IPO has been subscribed 2.71 times with retail investors' category booked 1.90x. Even after the reduced size of about ₹20,557 crore, LIC …

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