LIC IPO: Govt invites bids from merchant bankers, legal advisors for public offer
3 years, 5 months ago

LIC IPO: Govt invites bids from merchant bankers, legal advisors for public offer

India TV News  

Kickstarting the process for LIC disinvestment, the government has invited bids from merchant bankers and legal advisors for advising it on the proposed mega initial public offer. The Department of Investment and Public Asset Management would appoint up to ten merchant bankers and one legal firm for assisting and advising on the stake sale. Last week, the Union Cabinet approved an Initial Public Offer of LIC and the modalities such as issue size, pricing and timing would be decided by a panel headed by Finance Minister Nirmala Sitharaman. Of the Rs 1.75 lakh crore, Rs 1 lakh crore is to come from selling the government's stakes in public sector banks and financial institutions.

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History of this topic

IPOs Ahead: Equity Markets To See Rush Of 11 Maiden Offers Including Mobikwik, Vishal Mega Mart
Trending News
2 weeks, 2 days ago

IPOs Ahead: Equity Markets To See Rush Of 11 Maiden Offers Including Mobikwik, Vishal Mega Mart

ABP News  

The equity markets are all set to witness major action on the intial public offering front in the coming week. About 11 firms are gearing up to launch their maiden offers in the week including Sai Life Sciences, Vishal Mega Mart, One Mobikwik Systems, and Inventurus Knowledge Solutions Ltd. Along with five mainboard IPOs, six SMEs are also gearing up …

Upcoming IPO: Shree Tirupati Balajee Offer Open For Bidding From Sep 5, Check Price Band And Details
3 months, 2 weeks ago

Upcoming IPO: Shree Tirupati Balajee Offer Open For Bidding From Sep 5, Check Price Band And Details

ABP News  

Shree Tirupati Balajee Agro Company is set to list its initial public offering in the stock market next week. The maiden offering includes a fresh issue of 1.47 crore equity shares worth Rs 122.42 crore and an offer-for-sale of 56.9 lakh equity shares coming up to Ts 47.23 crore. The company plans to raise Rs 169.65 crore via the public …

Govt to reissue bid for asset valuer for IDBI Bank sale
1 year, 1 month ago

Govt to reissue bid for asset valuer for IDBI Bank sale

Live Mint  

New Delhi: The Department of Investment and Public Asset Management on Tuesday scrapped the bid for an asset valuer for the strategic disinvestment of IDBI Bank, issued in September, and plans to issue a new request for proposal, a move that may delay the bank's disinvestment initiative begun earlier this year. On 1 September, DIPAM had invited request for proposal …

SBI to divest its 2% equity stake in NSDL IPO via OFS
1 year, 5 months ago

SBI to divest its 2% equity stake in NSDL IPO via OFS

Live Mint  

State Bank of India today said it proposes to sell 2% stake by offloading 40 lakh shares in depository organisation NSDL. State Bank of India proposes to participate in an Initial Public Offering of National Securities Depositories Limited by way of offer for sale of up to 2% equity stake held by the Bank in NSDL. SBI holds 5 per …

Govt. gets multiple preliminary bids for buying 61% stake in IDBI Bank
1 year, 11 months ago

Govt. gets multiple preliminary bids for buying 61% stake in IDBI Bank

The Hindu  

The government has received multiple preliminary bids for strategic sale of about 61% stake in IDBI Bank. "Multiple Expressions of Interest received for the Strategic Disinvestment of Govt and LIC Stake in IDBI Bank," Department of Investment and Public Asset Management Secretary Tuhin Kanta Pandey tweeted. The government and LIC together are looking to sell 60.72% in IDBI Bank and …

Govt Receives Multiple Bids For Majority Stake in IDBI Bank; Stake Sale Moves To 2nd Stage
1 year, 11 months ago

Govt Receives Multiple Bids For Majority Stake in IDBI Bank; Stake Sale Moves To 2nd Stage

News 18  

DIPAM Secretary Tuhin Kanta Pandey on Saturday said the government has received multiple bids for a majority stake in IDBI Bank. The government currently owns a 45.48 per cent stake in IDBI Bank, while LIC owns 49.24 per cent controlling stake in the lender. Recently, the markets regulator Sebi allowed the government’s shareholding in IDBI Bank to be reclassified as …

Fundraising Via IPO Nearly Halves To Rs 59,412 Crore In 2022; 35% By LIC Alone: Prime Database
1 year, 11 months ago

Fundraising Via IPO Nearly Halves To Rs 59,412 Crore In 2022; 35% By LIC Alone: Prime Database

News 18  

A total of 40 Indian companies raised Rs 59,412 crore through main board IPOs in the calendar year 2022, which is half of the Rs 1,18,723 crore mobilised by 63 IPOs in 2021, according to data from primary market tracking firm Prime Database. Out of the total fundraising via IPO in 2022, about Rs 20,557 crore or a huge 35 …

LIC IPO: Investors may get shares dividend, hints insurer
2 years, 6 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 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 IPO: Allotment date, direct link to check share application status
2 years, 7 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 subscribed nearly three times; government raises Rs 21,000 crore
2 years, 7 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 …

LIC IPO subscription closes today | Check status
2 years, 7 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: Non-institutional investors portion fully subscribed on 4th Day
2 years, 7 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, 7 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, 7 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, 7 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, 7 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, 7 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, 7 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, 7 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, 7 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 Today: India's Biggest Public Issue Live Now, Here's How to Buy LIC IPO Shares
2 years, 7 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, 7 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, 7 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, 7 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, 7 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 next week. GMP, date, price, other details you should know
2 years, 7 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, 7 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’s Rs.21K crore IPO, India\'s largest, to open on May 4
2 years, 7 months ago

LIC’s Rs.21K crore IPO, India\'s largest, to open on May 4

Deccan Chronicle  

Mumbai: State-run insurance behemoth Life Insurance Corporation of India’s initial public offer at Rs 21,000 crores will be India’s largest IPO so far, even after the Central government brought down the stake sale on offer to 3.5 per cent from the earlier 5 per cent. Around 6.48 crore policyholders of the state-run insurance behemoth have updated their PAN to participate …

LIC IPO Valuation Reduced; Still Biggest-Ever IPO In India; What Investors Need To Know
2 years, 7 months ago

LIC IPO Valuation Reduced; Still Biggest-Ever IPO In India; What Investors Need To Know

News 18  

The valuation of Life Insurance Corporation is “fair and attractive” and the government expects significant participation of retail investors in the LIC IPO, DIPAM Secretary Tuhin Kanta Pandey said on Wednesday. “While LIC valuations appear to be cheap as compared to listed private players, investors need to keep in mind that LIC has a lower VBN margin of 9.9 per …

LIC fixes price band at ₹902-949 for May 4 IPO
2 years, 7 months ago

LIC fixes price band at ₹902-949 for May 4 IPO

The Hindu  

The Life Insurance Corporation of India on April 27 fixed its price band at ₹902- 949 per share for its Initial Public Offering set to open on May 4. Earlier, the government had planned to sell 5% of its stake in LIC, amounting to 31.6 crore shares, and had filed draft papers to that effect with Securities and Exchange Board …

LIC IPO announced: Date, price band, discounts, bid lot for policyholders, employees, investors
2 years, 7 months ago

LIC IPO announced: Date, price band, discounts, bid lot for policyholders, employees, investors

India Today  

Life Insurance Corporation of India's on Wednesday announced the largest-ever initial public offering in India. LIC policyholders and its employees and general investors must go through all the details carefully before parking money in the IPO. With this IPO, the government would sell a 3.5 per cent stake in the insurance giant by selling 22.13 crore shares. LIC has reserved …

LIC IPO Price Band, Lot Size, Quota, Dates Announced; IPO to Open on May 4
2 years, 7 months ago

LIC IPO Price Band, Lot Size, Quota, Dates Announced; IPO to Open on May 4

News 18  

Life Insurance Corporation of India is all set to open its much-awaited initial public offering on May 4. All you need to know about LIC IPO date, price, discounts reserved quota and other details LIC IPO Dates: Investors can start bidding for LIC IPO from May 4 to May 9. LIC IPO Price: The company has fixed the price range …

LIC IPO to Open on May 4: Price, Quota, Discount for Policyholders to be Announced Today
2 years, 7 months ago

LIC IPO to Open on May 4: Price, Quota, Discount for Policyholders to be Announced Today

News 18  

Life Insurance Corporation of India is all set to announce the offer price and discounts for its policyholder and retail investors of its initial public offering on Wednesday. The much-awaited LIC IPO is expected to be priced in the range of Rs 902-949 per share, according to the sources. LIC IPO Price The price band for mega LIC IPO has …

LIC IPO: FDI Tweak, Policyholders' Discount, Govt Goes The Distance to Make IPO a Success
2 years, 7 months ago

LIC IPO: FDI Tweak, Policyholders' Discount, Govt Goes The Distance to Make IPO a Success

News 18  

As the LIC IPO is set to hit the market in the first week of May, the government and Life Insurance Corporation‘s executives are making all-out efforts to make the initial public offering a success. Recently, the government also amended the Foreign Exchange Management Act’s rules, paving the way for up to 20 per cent foreign direct investment in LIC. …

LIC IPO price band set at ₹902-949 a share for ₹21,000 crore: Report
2 years, 7 months ago

LIC IPO price band set at ₹902-949 a share for ₹21,000 crore: Report

Hindustan Times  

Life Insurance Corporation, an insurance giant, has fixed the price band at ₹902-949 per share for the ₹21,000 crore public offer that may open on May 4, news agency PTI reported, citing sources. The government had in February planned to sell a 5 per cent stake or 31.6 crore shares of the insurance company and had filed draft papers with …

LIC sees huge interest from anchor investors
2 years, 7 months ago

LIC sees huge interest from anchor investors

Hindustan Times  

Life Insurance Corp. of India’s upcoming initial public offering has received ₹13,000 crore worth of investment commitments from anchor investors, more than twice the value of shares offered to such investors, three people with direct knowledge of the development said. The total commitment from over 100 global and domestic investors is more than the ₹6,300 crore allotment size to anchor …

LIC IPO to open on May 4, govt to sell 3.5% stake in state-owned insurer
2 years, 7 months ago

LIC IPO to open on May 4, govt to sell 3.5% stake in state-owned insurer

India Today  

The long-awaited Initial Public Offering of insurance behemoth Life Insurance Corporation has been cleared and an official announcement is likely in the coming days. According to sources, the IPO issue size for the company whose embedded value, a measure of the consolidated shareholders’ value in an insurance company, is pegged at about Rs 5.4-lakh crore will be Rs 21,000 crore. …

LIC IPO: Reduced Size May Affect Fiscal Deficit Target; Disinvestment Mop-Up To Be Hit
2 years, 7 months ago

LIC IPO: Reduced Size May Affect Fiscal Deficit Target; Disinvestment Mop-Up To Be Hit

News 18  

After missing the disinvestment target by a wide margin in the financial year 2021-22, the government this year expects to garner Rs 65,000 crore by asset-sales. The majority of the target was expected to come from the LIC IPO, which earlier aimed to garner around Rs 50,000 crore. However, now, the government has reduced Life Insurance Corporation‘s size to Rs …

LIC IPO: Fresh DRHP Filed; New Issue Size Approved; Know Launch Date, Price, More Info
2 years, 8 months ago

LIC IPO: Fresh DRHP Filed; New Issue Size Approved; Know Launch Date, Price, More Info

News 18  

The government has filed a fresh draft red herring prospectus with markets regulator Sebi for the LIC IPO and is likely to file red herring prospectus in the first half of next week. In the LIC IPO, the government has now decided to dilute its 3.5 per cent stake for Rs 21,000 crore, compared with the 5 per cent proposed …

LIC board okays cut in IPO issue size to 3.5%
2 years, 8 months ago

LIC board okays cut in IPO issue size to 3.5%

Hindustan Times  

The board of Life Insurance Corporation of India on Saturday trimmed the size of the state-owned insurer’s initial public offering to 3.5% from 5% earlier at an estimated valuation of ₹6 lakh crore, two people aware of the development said. The issue size of the IPO has been revised to a minimum of 3.5% from the earlier 5% based on …

LIC IPO: Size Reduced, New Launch Date; All Latest Updates
2 years, 8 months ago

LIC IPO: Size Reduced, New Launch Date; All Latest Updates

News 18  

The size of the Life Insurance Corporation‘s initial public offering may be slashed to Rs 21,000 crore, said people in the know. The LIC IPO, however, may come with a greenshoe option of Rs 9,000 crore. The total IPO size, after accounting for the greenshoe option, will work out to Rs 30,000 crore and will lead to a 5 per …

LIC IPO Launch Likely in End-April; Know Date, Discount, Anchor Investors, Other Details
2 years, 8 months ago

LIC IPO Launch Likely in End-April; Know Date, Discount, Anchor Investors, Other Details

News 18  

LIC IPO: In a major development in the run-up to the listing of the life insurance behemoth, the government has amended the rules of the Foreign Exchange Management Act. LIC IPO: Updated DRHP According to sources, the country’s largest insurer is likely to file an updated draft red herring prospectus for the LIC IPO after consultations between the Department of …

Centre amends FEMA rules to let 20% foreign investment in LIC's public issue
2 years, 8 months ago

Centre amends FEMA rules to let 20% foreign investment in LIC's public issue

Firstpost  

The government is planning to dilute its stake in LIC through the the IPO. LIC in February had filed the Draft Red Herring Prospectus before the markets regulator Sebi for the IPO New Delhi: The government has amended rules of the Foreign Exchange Management Act, paving the way for up to 20 per cent foreign direct investment in the insurance …

LIC IPO: Leading Sovereign Wealth, Pension Funds Show Interest; Know Details
2 years, 8 months ago

LIC IPO: Leading Sovereign Wealth, Pension Funds Show Interest; Know Details

News 18  

Leading sovereign funds, including Abu Dhabi Investment Authority, Singapore-based GIC, three Canadian pension funds and Qatar Investment Authority, have shown interest to be anchor investors in Life Insurance Corporation’s upcoming IPO, according to an ET report. The government has amended rules of the Foreign Exchange Management Act, paving the way for up to 20 per cent foreign direct investment in …

LIC IPO date, price, size details, discounts: All you need to know
2 years, 8 months ago

LIC IPO date, price, size details, discounts: All you need to know

India Today  

The wait for Life Insurance Corporation of India's initial public offering is likely to be over this month. LIC IPO DATE The country's largest insurer is likely to file an updated draft red herring prospectus for the LIC IPO after consultations between the Department of Investment and Public Asset Management and investment bankers and a key meeting of the LIC …

LIC IPO latest: Centre expected to launch issue in last week of April, check price, issue date, size here
2 years, 8 months ago

LIC IPO latest: Centre expected to launch issue in last week of April, check price, issue date, size here

Firstpost  

Currently, all top investors are patiently waiting for the much-awaited public issue of the Indian markets, which is expected to be the largest in Indian history. LIC IPO Date: Currently, all top investors are patiently waiting for the much-awaited public issue of the Indian markets, which is expected to be the largest in Indian history. The Centre has kept aside …

LIC IPO Latest: Govt to Open in Last Week of April: Know Date, Size, Quota, All Details
2 years, 8 months ago

LIC IPO Latest: Govt to Open in Last Week of April: Know Date, Size, Quota, All Details

News 18  

The much-awaited initial public offering of Life India Corporation of India is all set to open in the last week of April, sources confirmed. The Russia-Ukraine war and its impact on the domestic stock market, has prompted the government to start a discussion on increasing the size of mega LIC IPO. LIC IPO Quota Reserved for Investors The government has …

LIC IPO: Date, price details, size for policyholders, investors
2 years, 8 months ago

LIC IPO: Date, price details, size for policyholders, investors

India Today  

The government is unlikely to decrease its stake further in the Life Insurance Corporation of India, according to an ANI report. LIC officials said that the insurance behemoth won't require funding support from the government for the next two years, the ANI report says. LIC IPO DATE LIC, which was to be launched in March, got delayed due to the …

LIC IPO Date: Govt Likely to Launch IPO by Early-May, May Offer to Sell Over 5%
2 years, 8 months ago

LIC IPO Date: Govt Likely to Launch IPO by Early-May, May Offer to Sell Over 5%

News 18  

The government is likely to launch Life Insurance Corporation’s initial public offering by early-May. According to the sources, the government has time till May 12 to launch the LIC IPO without filing fresh papers with Sebi. With a five per cent stake dilution, the LIC IPO will be the biggest ever in the Indian stock market’s history and once listed, …

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