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 …
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: The state-owned insurance major Life Insurance Corporation of India on Sunday filed its draft red herring prospectus for its mega IPO with the markets regulator SEBI. LIC IPO: Portion Reserved for Retail Investors LIC has reserved up to 35 per cent of its total IPO size for retail investors as per the draft papers. LIC IPO: Portions Reserved …
The central government has filed the draft prospectus of upcoming initial public offering of Life Insurance Corporation with market regulator Sebi. Let’s take a look at details of LIC IPO before investing LIC IPO Size: The central government owns 100 per cent stake in Life Insurance Corporation of India. LIC IPO Allocation for Anchor Investors The largest insurer of India …
