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IPO Price Attractive; Lot Of Growth Potential: LIC Chairman

IPO Price Attractive; Lot Of Growth Potential: LIC Chairman

Even after the reduced size of about Rs 20,557 crore, LIC IPO is going to be the biggest initial public offering ever in the country.

29 April 2022
Finance Ministry, Sebi To Take Call On Relaxation In LIC Meeting Minimum Public Holding Norm: DIPAM Secretary

Finance Ministry, Sebi To Take Call On Relaxation In LIC Meeting Minimum Public Holding Norm: DIPAM Secretary

The government expects to raise around Rs 21,000 crore from LIC IPO, which values the state-owned insurer at Rs 6 lakh crore.

29 April 2022

6.48 Crore Policyholders Keen To Buy LIC IPO: Official

The LIC has set a price band of Rs 902-Rs 949 per equity share. The government intends to raise Rs 21,000 crore through the issue.

LIC Share Sale Right-Sized To Make It Sail Through: Government

LIC Share Sale Right-Sized To Make It Sail Through: Government

The government is raising Rs 20,557 crore by diluting 3.5 per cent of its stake entirely through an offer for sale route, and will still be the biggest initial...

27 April 2022

LIC To List On Stock Exchanges On May 17

The government is selling over 22.13 crore shares in LIC at a price band of Rs 902-949 a piece in the initial public offering, which opens on May 4 and closes...

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27 April 2022
LIC Sets Price Band At Rs 902-949 Per Share For Rs 21,000 Crore IPO, Opens May 4

LIC Sets Price Band At Rs 902-949 Per Share For Rs 21,000 Crore IPO, Opens May 4

With this IPO, which is through an offer-for-sale (OFS) route, the government is looking to divest its 3.5 per cent stake in the state-run insurer by selling...


26 April 2022
LIC's IPO Price Band To Be Between Rs 902 And Rs 949 Per Share

LIC's IPO Price Band To Be Between Rs 902 And Rs 949 Per Share

The issue is likely to open for subscription on May 4 and is expected to close on May 9.


25 April 2022
LIC IPO Issue To Open On May 4: Report

LIC IPO Issue To Open On May 4: Report

The government has slashed the LIC IPO size to 3.5 per cent at Rs 21,000 crore amidst the escalating Russia-Ukraine war.


22 April 2022
Government May Cut LIC IPO Size By 40% To Rs 30,000 Crore Amidst Russia-Ukraine War: Report

Government May Cut LIC IPO Size By 40% To Rs 30,000 Crore Amidst Russia-Ukraine War: Report

Touted as India’s biggest IPO, the government was earlier planning to sell its 5 per cent stake in LIC to raise Rs 63,000 crore.


15 April 2022
Senco Gold Files Rs 525-Crore IPO Papers With Sebi

Senco Gold Files Rs 525-Crore IPO Papers With Sebi

The IPO comprises fresh issue of equity shares aggregating up to Rs 325 crore and an offer for sale (OFS) of equity shares to the tune of Rs 200 crore by...


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14 April 2022
Haldiram's May Launch IPO In Next 2-3 Years: Report

Haldiram's May Launch IPO In Next 2-3 Years: Report

The 80-year-old snack brand Haldiram, which started as a small snack shop in Bikaner has now become a billion-dollar entity.


05 April 2022
DCX Systems Files Draft Papers With Sebi To Raise Up To Rs 600 Cr Through IPO

DCX Systems Files Draft Papers With Sebi To Raise Up To Rs 600 Cr Through IPO

The company proposes to utilise the net proceeds from the fresh issue towards debt payment, funding working capital requirements, investment in its...


29 March 2022
All You Need To Know About Veranda Learnings IPO 

All You Need To Know About Veranda Learnings IPO 

The IPO price of the company is fixed at Rs 130 and Rs 137 per equity share, with a market lot of 100 shares and a minimum order quantity of 100 shares.


28 March 2022
Yatra Online Files IPO Papers, Plans To Raise Rs 750 Crore

Yatra Online Files IPO Papers, Plans To Raise Rs 750 Crore

Yatra also announced the appointments of Rohit Bhasin, Deepa Misra Harris, and former bureaucrat Ajay Narayan Jha as non-executive independent directors.


15 March 2022
DPIIT Notifies 20% FDI In LIC Under Automatic Route

DPIIT Notifies 20% FDI In LIC Under Automatic Route

The notification has inserted a paragraph in the existing policy allowing up to 20 per cent FDI in LIC through the automatic route.


14 March 2022
LIC Share Sale Via IPO Unlikely In Current Financial Year: Report

LIC Share Sale Via IPO Unlikely In Current Financial Year: Report

The government has time till May 12 to launch the IPO without filing fresh papers with market regulator Securities Exchange Board of India (Sebi).


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11 March 2022
IPO-Bound LIC Releases Q3 Results, Profit Jumps To Rs 235 Crore

IPO-Bound LIC Releases Q3 Results, Profit Jumps To Rs 235 Crore

LIC's profit stood at Rs 234.9 crore compared with Rs 90 lakh in the same quarter last year


10 March 2022
Ebixcash Files Draft Papers With SEBI For Rs 6,000 Crore IPO

Ebixcash Files Draft Papers With SEBI For Rs 6,000 Crore IPO

The funds will be garnered through fresh issuance of equity shares and there will not be any offer-for-sale (OFS) component, according to the draft red herring...


09 March 2022
LIC Gets SEBI’s Nod To Launch India’s Biggest IPO: Report

LIC Gets SEBI’s Nod To Launch India’s Biggest IPO: Report

LIC had filed the DRHP with SEBI on February 13 this year. Through the IPO the government is looking to sell its 5 per cent stake that would fetch over Rs...


09 March 2022
IPO-Bound Mobikwik Posts First-Ever Profit In December Quarter, Says Upasana Taku

IPO-Bound Mobikwik Posts First-Ever Profit In December Quarter, Says Upasana Taku

The company recorded a profit of around Rs 7 crore in the third quarter of 2021-22, after losing money in the first and second quarters.


07 March 2022
Hexagon Nutrition Gets Sebi's Nod To Raise Rs 600 Crore Via IPO

Hexagon Nutrition Gets Sebi's Nod To Raise Rs 600 Crore Via IPO

The company's public issue consists of a fresh issue of equity shares aggregating to Rs 100 crore, and an offer for sale (OFS) of up to 30,113,918 equity...


07 March 2022
Suraj Estate Developers Files IPO Papers To Raise Rs 500 Crore

Suraj Estate Developers Files IPO Papers To Raise Rs 500 Crore

Funds to the tune of Rs 315 crore will be used for payment of the borrowings of the company and its subsidiaries -- Accord Estates, Iconic Property Developers,...


06 March 2022
Government May Defer LIC IPO To Next Fiscal Amid Russia-Ukraine Conflict, Say Experts

Government May Defer LIC IPO To Next Fiscal Amid Russia-Ukraine Conflict, Say Experts

The government was looking to sell a 5 per cent stake in Life Insurance Corporation (LIC) this month, which could have fetched over Rs 60,000 crore to the...


04 March 2022
LIC IPO: Govt To Take Call In Best Interest Of Investors, Says Official

LIC IPO: Govt To Take Call In Best Interest Of Investors, Says Official

Through the IPO of Life Insurance Corporation (LIC), the government aims to garner over Rs 60,000 crore in the current fiscal to meet its revised disinvestment...


04 March 2022
IPO-Bound LIC Appoints Sunil Agrawal As Chief Finance Officer

IPO-Bound LIC Appoints Sunil Agrawal As Chief Finance Officer

Agrawal was earlier the CFO of Reliance Nippon Life Insurance for over 12 years. He was also associated with ICICI Prudential Life Insurance for 5 years.


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