LIC IPO driving new investors to open demat accounts
2 years, 8 months ago

LIC IPO driving new investors to open demat accounts

Live Mint  

Although the LIC IPO is one of the government's strategic plans for FY23, however, the public offer has grabbed the attention of many investors especially policyholders and retail individuals. A price band of ₹902 to ₹949 per equity share has been fixed on LIC IPO for normal investors. However, LIC offers ₹60 per equity share discount to LIC policyholders, and ₹45 per equity share discount offered to retail investors. B Gopkumar, MD & CEO, Axis Securities said, "There is a fair degree of interest in the LIC IPO from retail investors.

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History of this topic

LIC shares climb nearly 4% after Q4 earnings
1 year, 7 months ago

LIC shares climb nearly 4% after Q4 earnings

The Hindu  

Shares of LIC on May 25 climbed nearly 4% after the company posted more than five-fold jump in consolidated net profit at ₹13,191 crore for the fourth quarter ended March 2023. However, total income during the March quarter declined to ₹2,01,022 crore from ₹2,15,487 crore in the same period a year ago, LIC said in a regulatory filing on May …

One year of Listing: LIC share still down 40% from IPO price
1 year, 7 months ago

One year of Listing: LIC share still down 40% from IPO price

Live Mint  

It has been one year since the Life Insurance Corporation of India shares were listed on domestic stock exchanges after the completion of its ₹21,000 crore worth initial public offering, the country’s largest IPO. The shares of LIC, the country’s largest insurer, came under pressure amid multiple headwinds such as weak market conditions, changes in tax policy and the Adani-Hindenburg …

LIC Share Price Drop: Govt Concerned as LIC Share Price Falls, Calls it 'Temporary Blip'
2 years, 7 months ago

LIC Share Price Drop: Govt Concerned as LIC Share Price Falls, Calls it 'Temporary Blip'

News 18  

New Delhi: The government on Friday said it is “concerned” about the temporary blip in LIC scrip and the insurer’s management will look into these aspects and raise shareholders’ value. The government had fixed the issue price of LIC shares at Rs 949 apiece after a successful Initial Public Offering which was over-subscribed nearly 3 times. LIC management will look …

LIC IPO: Investors may get shares dividend, hints insurer
2 years, 7 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 Today: Should New Investors Buy LIC Share on Dip Now After Tepid Listing?
2 years, 7 months ago

LIC Share Today: Should New Investors Buy LIC Share on Dip Now After Tepid Listing?

News 18  

Disappointing thousands of investors, the share of Life Insurance Corporation of India made a lackluster debut on the stock market. LIC is trading at a P/EV of 1.08x which is at a significant discount to other listed private life insurance companies like HDFC Life, ICICI Prudential Life, and SBI Life Insurance, explained Yash Gupta — equity research analyst, Angel One …

LIC Listing Highlights: Shares Lists at Discount; Weak LIC Listing Due to Unpredictable Market Conditions, Says DIPAM Secy
2 years, 7 months ago

LIC Listing Highlights: Shares Lists at Discount; Weak LIC Listing Due to Unpredictable Market Conditions, Says DIPAM Secy

News 18  

Life Insurance Corporation of India shares made a tepid debut on the stock exchanges on Tuesday, May 17, listing at a discount to the IPO price. LIC shares started trading at Rs 865 apiece, down 8.65 per cent from its IPO price of Rs 949 on BSE. LIC IPO opened for subscription from May 4-9 with a price band of …

LIC IPO listing: Why shares made lackluster debut on stock market?
2 years, 7 months ago

LIC IPO listing: Why shares made lackluster debut on stock market?

India Today  

LIC's shares on Tuesday made a disappointing debut on the stock market even after its initial public offering had become India's largest initial share sale till date. LIC SHARE PRICE LIC had fixed the issue price of its shares at Rs 949 apiece after a successful initial public offering, which fetched Rs 20,557 crore for the government. LIC had last …

LIC Share Lists at Discount: Buy, Sell or Hold, What Should LIC Investors, Policyholders Do?
2 years, 7 months ago

LIC Share Lists at Discount: Buy, Sell or Hold, What Should LIC Investors, Policyholders Do?

News 18  

Life Insurance Corporation of India shares made a lacklustre debut on the stock exchanges on Tuesday, listing at discount to the IPO price. We were expecting listing gains due to discounted valuations of LIC compared to private life insurance player,” he added. “Investors could hold the shares post listing for long term gains rather than have knee-jerk reaction due to …

LIC set to debut shares on stock market today; here's what you need to know
2 years, 7 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's weak market debut after record IPO invites hilarious memes on Twitter, 'Oye chuna lga diya'
2 years, 7 months ago

LIC's weak market debut after record IPO invites hilarious memes on Twitter, 'Oye chuna lga diya'

India TV News  

Highlights Despite criticism from the opposition, the government had decided to push ahead with the IPO The LIC IPO was oversubscribed nearly three times People who failed to get allotment for LIC IPO were happy after low response on share market Life Insurance Corporation of India or LIC on Tuesday made a stock market debut at Rs 865 per share, …

Indian insurer LIC slides in market debut after record IPO
2 years, 7 months ago

Indian insurer LIC slides in market debut after record IPO

Al Jazeera  

LIC’s weak debut comes even as stocks in India and the broader Asian market rallied on Tuesday. India’s biggest insurer and largest domestic financial investor was trading at 887 rupees as of late morning, giving it a market value of about 5.6 trillion rupees and making it the country’s fifth-biggest company. Fintech firm Paytm plunged in its debut last November …

LIC Policyholders: Buy, Sell or Hold, What Should you Do After LIC IPO Lists on Tuesday?
2 years, 7 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, 8 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 date, direct link to check share application status
2 years, 8 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, 8 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 …

LIC IPO subscribed nearly three times; government raises Rs 21,000 crore
2 years, 8 months ago

LIC IPO subscribed nearly three times; government raises Rs 21,000 crore

Firstpost  

Against 16,20,78,067 shares on offer, 47,83,25,760 bids were received, according to data posted on stock exchanges at 7 pm New Delhi: Life Insurance Corporation’s IPO, the country’s biggest public offer, was subscribed 2.95 times on the last day of offer period on Monday, helping the government mobilise about Rs 21,000 crore. LIC reduced its IPO size to 3.5 per cent …

Retail investors contributed most to LIC IPO success, says DIPAM secretary Tuhin Kanta Pandey
2 years, 8 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 Last Day Subscription Update: IPO Booked 2.95 Times; Retail Investors Make Record Bids
2 years, 8 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, 8 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: Last Day to Subscribe; Know How To Increase your LIC IPO Allotment Chances
2 years, 8 months ago

LIC IPO: Last Day to Subscribe; Know How To Increase your LIC IPO Allotment Chances

News 18  

LIC IPO: It is the last day to subscribe to the LIC IPO, which has seen a bumper response so far from investors. However, with such overwhelming response — especially among LIC policyholders who subscribed 5.04 times of their portion, employees who bid for 3.79 times the allotted quota, and retail investors who subscribed 1.59 times of their portion — …

LIC IPO subscription status: Issue booked over 2x on last day. Latest updates
2 years, 8 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 …

LIC IPO GMP, Subscription, Review; Your Last Chance to Invest Today, Should you Apply or Not?
2 years, 8 months ago

LIC IPO GMP, Subscription, Review; Your Last Chance to Invest Today, Should you Apply or Not?

News 18  

LIC IPO: The initial public offering of Life Insurance Corporation continues to attract retail investors, including employees and policyholders, who are among the top bidders for the issue so far. Today, May 9, is the last day to subscribe to the Rs 21,000 crore LIC IPO, the state-owned insurance behemoth, has subscribed 1.79 times till May 8, the fifth day …

LIC IPO: What GMP (grey market premium) signals as subscription ends today
2 years, 8 months ago

LIC IPO: What GMP (grey market premium) signals as subscription ends today

Live Mint  

LIC IPO opened for subscription on 4th May 2022 and bidding for the public offer of insurance behemoth is going to end on 9th May 2022 i.e. LIC IPO GMP Market observers said that LIC IPO GMP today is ₹36, which is ₹24 lower from its yesterday's grey market premium of ₹60. They said that after scaling up to ₹92 …

LIC IPO: Non-institutional investors portion fully subscribed on 4th Day
2 years, 8 months ago

LIC IPO: Non-institutional investors portion fully subscribed on 4th Day

Live Mint  

LIC IPO: The mega public offer continued to receive massive demand from policyholders, employees, and retail investors on the fourth day as well. Data given on NSE showed that LIC IPO oversubscribed by 1.66 times with cumulative bids of 26,83,18,335 equity shares against the offered size of 16,20,78,067 equity shares. The portion reserved for non-institutional investors subscribed fully by 1.08 …

LIC IPO: Retail portion subscribed fully on day three
2 years, 8 months ago

LIC IPO: Retail portion subscribed fully on day three

India TV News  

Highlights LIC IPO is going to be the biggest initial public offering ever in the country The government is diluting its 3.5 per cent stake in the insurance behemoth The government aims to generate about Rs 21,000 crore from the offer The initial public offering of the insurance behemoth Life Insurance Corporation was subscribed fully in the first hour of …

LIC IPO fully subscribed on day 2; offer closes on May 9
2 years, 8 months ago

LIC IPO fully subscribed on day 2; offer closes on May 9

The Hindu  

LIC’s public offer, the country’s biggest-ever IPO, was fully subscribed on the second day of bidding on Thursday. To facilitate this, Reserve Bank of India directed all ASBA-designated bank branches to remain open for public on Sunday to facilitate processing of applications for LIC's initial public offering. State-owned LIC's Initial Public Offering, the country's biggest ever offer, opened for subscription …

LIC IPO: You can now apply for subscription during weekend
2 years, 8 months ago

LIC IPO: You can now apply for subscription during weekend

India Today  

Willing investors can now apply for Life Insurance Corporation of India's initial public offering even during the weekend. Meanwhile, the Reserve Bank of India has also stated that all Application Supported by Blocked Amount -designated bank branches would remain open for the public on Sunday to facilitate processing of applications for LIC's IPO. The Government of India, in order to …

LIC IPO subscription status: Top points you need to know
2 years, 8 months ago

LIC IPO subscription status: Top points you need to know

India Today  

India's biggest initial public offering, LIC IPO, has received an overwhelming response from the insurer's employees and policyholders so far. LIC IPO SUBSCRIPTION STATUS The portion reserved for policyholders was subscribed 2.15 times. LIC's public offer saw the policyholders' portion being oversubscribed on the first day itself on Wednesday, though overall subscription stood at 67 per cent yesterday. LIC IPO …

LIC IPO: On Day 1, overall subscription at 67% | Key updates
2 years, 8 months ago

LIC IPO: On Day 1, overall subscription at 67% | Key updates

Hindustan Times  

Life Insurance Corporation's public offer, the country's biggest-ever IPO, saw the policyholders' portion being oversubscribed on the first day itself on Wednesday, though overall subscription stood at 67 per cent, even as a surprise rate hike by the Reserve Bank of India roiled markets. Here are top developments: >The portion set aside for policyholders was subscribed 1.99 times at the …

LIC IPO Listing: What Are the Pros and Cons of Investing in It?
2 years, 8 months ago

LIC IPO Listing: What Are the Pros and Cons of Investing in It?

The Quint  

The wait is over! India’s biggest-ever Initial Public Offering, that of the Life Insurance Corporation of India kicked off for subscription for retail institutional investors today, that is on 4 May. Since it's completely an offer for sale, all the proceedings will directly go to the government which is expecting to raise Rs 21,000 crore by selling a 3.5% stake …

LIC IPO booked over 30% so far, bids to stay open Saturday for retail investors
2 years, 8 months ago

LIC IPO booked over 30% so far, bids to stay open Saturday for retail investors

Hindustan Times  

India’s largest initial public offering, which is expected to fetch 210 billion rupees, started taking orders from individuals and other categories after attracting anchor investors including sovereign funds from Norway and Singapore. A man cleans a hoarding of Life Insurance Corporation of India before the start of a news conference about the LIC initial public offering launch, in Kolkata, Retail …

LIC IPO first day first show: Positive start for India's biggest IPO | Check Subscription status
2 years, 8 months ago

LIC IPO first day first show: Positive start for India's biggest IPO | Check Subscription status

India Today  

India's biggest initial public offering is finally here. LIC IPO SUBSCRIPTION DATE The LIC IPO opened for subscription on Wednesday and the application process will continue till May 9. Ahead of the subscription period, LIC's IPO saw 'excellent' response as the anchor investor portion was subscribed fully, garnering around Rs 5,620 crore. The LIC IPO would be the biggest ever …

LIC IPO opens for subscription but why share market is down
2 years, 8 months ago

LIC IPO opens for subscription but why share market is down

India Today  

The Sensex and Nifty on Wednesday fell as metal and pharmaceutical stocks declined. The share market was gyrting in volatility even as the initial public offering of LIC opened for subscription for insurer's policyholders and employees and general investors. The NSE Nifty 50 index was down 0.72 per cent or 123.40 points at 16,945.70, while the S&P BSE Sensex fell …

LIC IPO | Policyholders’ portion oversubscribed; overall subscription at 67% on day 1
2 years, 8 months ago

LIC IPO | Policyholders’ portion oversubscribed; overall subscription at 67% on day 1

The Hindu  

LIC’s public offer, the country’s biggest-ever IPO, saw the policyholders’ portion being oversubscribed on the first day itself on May 3, though overall subscription stood at 67%. The retail investors and eligible employees will get a discount of ₹45 per equity share, while policyholders will get a discount of ₹60. Retail Individual Investor category picked up nearly 50 per cent …

LIC IPO Opens Today: India's Biggest Public Issue Live Now, Here's How to Buy LIC IPO Shares
2 years, 8 months ago

LIC IPO Opens Today: India's Biggest Public Issue Live Now, Here's How to Buy LIC IPO Shares

News 18  

LIC IPO: The Dalal Street has been set abuzz once again, with India?s largest life insurer, Life Insurance Corporation of India is opening its initial public offering on May 4, Wednesday. The LIC IPO opens today, which means the wait is over for subscribers and investors who want to invest in the largest public issue in India?s history. The LIC …

India’s biggest IPO opens in midst of volatile markets
2 years, 8 months ago

India’s biggest IPO opens in midst of volatile markets

Al Jazeera  

Through the IPO of state-run LIC, India expects to raise $2.7bn from the sale of a 3.5 percent stake. State-owned Life Insurance Corporation’s $2.7bn IPO, India’s largest, has opened to subscriptions from retail and other investors following strong demand from anchor investors led by domestic mutual funds. The Indian government expects to raise the sum, just a third of its …

LIC IPO opens for policyholders, investors today | Price band, how to apply
2 years, 8 months ago

LIC IPO opens for policyholders, investors today | Price band, how to apply

India Today  

The much awaited initial public offering of LIC opened for policyholders and investors on Wednesday. Ahead of the LIC IPO's subscription process, the anchor investor portion was subscribed fully, garnering around Rs 5,620 crore. LIC IPO SUBSCRIPTION DATE The LIC IPO opens for institutional and retail buyers, policyholders, and employees on May 4. LIC IPO PRICE BAND, SIZE The government …

LIC IPO: State insurer raises over Rs 5,600 crore from anchor investors
2 years, 8 months ago

LIC IPO: State insurer raises over Rs 5,600 crore from anchor investors

India Today  

The LIC IPO got off to a bumper start as the national insurer garnered around Rs 5,620 crore. Of the over 22.13 crore LIC shares on offer, over 9.88 crore shares are reserved for qualified institutional buyers and over 2.96 crore shares for non-institutional buyers. LIC's embedded value, which is a measure of the consolidated shareholder's value in an insurance …

LIC IPO: SBI, Aditya Birla, ICICI Pru, 2 Others Make Investment Commitments; Check Details
2 years, 8 months ago

LIC IPO: SBI, Aditya Birla, ICICI Pru, 2 Others Make Investment Commitments; Check Details

News 18  

Even as the LIC IPO is all set to hit the market this week, investors have started making commitments for the initial public offer. Norway’s Norges Bank Investment Management, Singapore’s GIC Pte, and Abu Dhabi Investment Authority have also committed to becoming anchor investors in the LIC IPO, according to a Bloomberg report. LIC IPO: Date, Size, Quota The price …

LIC IPO Opens on Wednesday: Should First-Time Investors Subscribe to the IPO?
2 years, 8 months ago

LIC IPO Opens on Wednesday: Should First-Time Investors Subscribe to the IPO?

News 18  

Life Insurance Corporation of India‘s initial public offering is all set to be opened for subscription on May 4. The IPO is the first step of long-term value creation for LIC shareholders.” Speaking about if new investors should invest in the IPO, Yash Gupta, equity research analyst, Angel One Ltd. said “Yes, First-time investors can apply for the LIC IPO, …

LIC IPO Next Week: Investors Need To Know These Pitfalls Before Investing
2 years, 8 months ago

LIC IPO Next Week: Investors Need To Know These Pitfalls Before Investing

News 18  

Even as the LIC IPO is all set to hit the market next week, the much-awaited offer has always been in the limelight due to its sheer size and the company?s huge market share in the life insurance segment. The state-owned insurer?s VNB as of September 2021 stood at 9.9 per cent, whereas its peers ICICI Prudential Life, HDFC Life, …

LIC IPO Opens Next Week: Key Things to Know Before Buying LIC Shares
2 years, 8 months ago

LIC IPO Opens Next Week: Key Things to Know Before Buying LIC Shares

News 18  

LIC IPO: India’s largest insurer Life Insurance Corporation is set to open its initial public offering or IPO next week. LIC IPO Price Band: The price band of LIC IPO is set at Rs 902 to Rs 949 per equity share, with a Rs 60 discount for policyholders and Rs 45 discount for employees and retail investors. The price band …

LIC IPO opens next week. GMP, date, price, other details you should know
2 years, 8 months ago

LIC IPO opens next week. GMP, date, price, other details you should know

Live Mint  

LIC IPO: The Initial Public Offering of Life Insurance Corporation of India is going to hit primary market next week. - LIC IPO date: The public issue will open on 4th May 2022 and it will remain open for bidding till 9th May 2022. - LIC IPO discount: The GoI has announced ₹60 per equity share discount for IPO applicants …

LIC IPO: A Guide for LIC Policyholders to Buy Shares at Discounted Rates
2 years, 8 months ago

LIC IPO: A Guide for LIC Policyholders to Buy Shares at Discounted Rates

News 18  

LIC IPO: The mega initial share sale of the Life Insurance Corporation of India, or LIC, is finally set to open next week, on May 4 and close on May 9. LIC IPO: Discount for Policyholders At the moment, what most people across India may find attractive is the discount LIC policyholders get while buying shares of the LIC IPO. …

LIC IPO: From demat account opening to subscription, guide for first time investors
2 years, 8 months ago

LIC IPO: From demat account opening to subscription, guide for first time investors

India Today  

Life Insurance Corporation of India's initial public offering is all set to be opened for subscription on May 4. Those who are willing to participate in the subscription process of LIC's IPO, must open a demat account. - Investors need to select a broker through which they want to open a demat account. - Once the broker is selected, the …

LIC IPO: Norway, Singapore, Abu Dhabi Sovereign Funds To Invest As Anchor Investors; Know More
2 years, 8 months ago

LIC IPO: Norway, Singapore, Abu Dhabi Sovereign Funds To Invest As Anchor Investors; Know More

News 18  

Norway’s Norges Bank Investment Management, Singapore’s GIC Pte, and Abu Dhabi Investment Authority have committed to becoming anchor investors in the LIC IPO. LIC IPO Date, Price, Quota The LIC IPO will be open for subscriptions on May 4 and close on May 9, with anchor investors participating on May 2. DIPAM Secretary Tuhin Kanta Pandey has said the valuation …

LIC IPO: Mega Listing Gain for Investors? Know What GMP Suggests Today
2 years, 8 months ago

LIC IPO: Mega Listing Gain for Investors? Know What GMP Suggests Today

News 18  

LIC IPO GMP: The premium on shares of Life Insurance Corporation of India in the grey market climbed 80 per cent on April 28, with the company’s initial public offering – the largest in the country – set to open next week. LIC shares commanded a premium of Rs 45 over the higher end of the price band set for …

Volatility doesn’t matter, more aspirants likely to hit IPO market after LIC
2 years, 8 months ago

Volatility doesn’t matter, more aspirants likely to hit IPO market after LIC

Live Mint  

Now that the stage is set for India’s biggest-ever initial public offering, with the Life Insurance Corp. of India floating its public issue on 4 May to raise ₹21,000 crore at a valuation of about ₹6 trillion, a large number of companies waiting in the wings to avoid a clash with the mega issue are expected to make a beeline …

LIC IPO: Full list of top initial public offerings in India
2 years, 8 months ago

LIC IPO: Full list of top initial public offerings in India

India Today  

Life Insurance Corporation of India is gearing up to launch the largest initial public offering in India's share market. PAYTM Fintech firm Paytm’s initial public offering of up to Rs 18,300 crore in November last year is still the country’s largest stock market listing, surging past miner Coal India’s massive IPO more than a decade ago. COAL INDIA In 2010, …

5 likely reasons why LIC’s IPO valuation got trimmed
2 years, 8 months ago

5 likely reasons why LIC’s IPO valuation got trimmed

Live Mint  

On Wednesday, secretary for Disinvestment and Public Asset Management Tuhin Kanta Pandey said the initial public offering, or IPO, of India’s largest insurer Life Insurance Corporation of India, due to be launched on 4 May, was right-sized, given the constraints in the market. LIC may still be a dominant player in the underpenetrated Indian insurance market but hefty valuations may …

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