The IPO will be a fresh issue of 1,02,00,000 equity shares, with no offer-for-sale component, according to the draft red herring prospectus (DRHP)
The company is coming out with the public issue to meet Sebi's norm of minimum public shareholding of 25 per cent in a listed entity
The government has been encouraging investors to participate in LIC IPO, but in its recent DRHP filed, LIC mentioned that certain rules and regulations of the government create roadblocks for them.
The IPO consists of a fresh issue of equity shares aggregating to Rs 650 crore, and an offer for sale (OFS) of up to 7.2 crore equity shares by a promoter and an existing shareholder
There is too much noise on the street about LIC IPO, leading to some myths about unrealistic gains. Here are three myths that are making the rounds and why they are not true
Prior to the LIC IPO, the draft red herring prospectus (DHRP) reveals some interesting numbers that clearly indicate definite trends that investors could follow
The company will use the net proceeds towards repayment or pre-payment in full or in part of all borrowing availed by the company and general corporate purposes
