The overall collection would have been much lower had it not been for the Rs 20,557-crore LIC issue,which constitutes as much as 58 per cent of the total amount raised during the first half of the year, as per Prime Database
Since the day of listing, LIC shares have remained below the issue price and had touched a low of Rs 708.70 and a high of Rs 920
Securities and Exchange Board of India on Monday, May 30, 2022, has tweaked the facility of Application Supported by Blocked Amount (ASBA) in Public Issues for all categories of investors. The new ruling will be applicable...
Deals worth $130.3 billion were more than double than the value recorded in the year-ago period, making it the highest semi-annual period since records began in 1980, according to the data tabulated by Refinitiv, an LSEG...
The stock fell by 2.86 per cent to end at Rs 777.40 apiece on the BSE. During the day, it tanked 3.10 per cent to Rs 775.40 -- its lowest level since listing last month
The tepid listing of LIC is factor of weak sentiment in global markets and it has not to do with the company's valuations. At the upper band LIC IPO was priced at 1.1 times to its embedded value, which was at a significant...
The Department of Investment and Public Asset Management (DIPAM) is currently holding roadshows in the US for the sale
The Initial Public Offering (IPO) of Life Insurance Corporation (LIC) closed on May 9 and shares were allocated to bidders on May 12
LIC's IPO was subscribed 2.95 times on the last day of the offer period on Monday, helping the government mobilize about Rs 21,000 crore.
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.
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...
With the public offer which closes later in the day, the government aims to generate about Rs 21,000 crore by diluting a 3.5 per cent stake in the insurance...
Against 16,20,78,067 shares on offer, 29,08,27,860 bids were received, according to the data posted on stock exchanges at 7 pm.
At present, retail policy holders and non-institutional buyers have oversubscribed the issue, but institutional buyers have subscribed 67 per cent, as of May...
RBI asks all scheduled commercial banks designated to process LIC IPO application to remain open on Sunday, May 8
An initial public offering, especially if it is of a trusted name, can be a good investment vehicle for first-time investors to start their journey in the...
Subscription for the non-institutional investors' segment stood at 76 per cent, while that for QIBs' portion was lower at 56 per cent.
The Sensex tanked 743 points to open at 54,938.38 while the Nifty 50 opens below 16,420, down 250 points.
Wall Street tumbled after having jumped the previous day on the Federal Reserve holding back on aggressively raising rates.
LIC has fixed the price band at Rs 902-949 per equity share for the issue. The offer includes a reservation for eligible employees and policyholders. The...
Portions set aside for Non Institutional Investors and Qualified Institutional Buyers (QIBs) also got subscribed 26 per cent and 33 per cent each...
Of the total, the policyholder portion was subscribed fully while the reserved employees' portion was subscribed 0.49 times, as per the data on stock...
LIC has fixed the price band at Rs 902-949 per equity share for the issue. The offer includes a reservation for eligible employees and policyholders.
The BSE MidCap and SmallCap indices were up to 0.5 per cent higher.
The Initial Public Offering (IPO) of LIC opens for retail and institutional investors on Wednesday and will close on May 9
