LIC’s IPO opened for anchor investors on May 2, 2022. As many as 99 mutual fund schemes invested over Rs 4,000 crore in the IPO. Should you invest too?
The government is selling 22,13,74,920 shares in Life Insurance Corporation (LIC) at a price band of Rs 902-949 a share, targeting to raise about Rs 21,000 crore.
IDBI Bank became a subsidiary of LIC with effect from January 21, 2019, following the acquisition of an additional 82,75,90,885 equity shares.
Considering a single share costs Rs 949, you would require Rs 14,235 for a single lot of LIC IPO while the maximum you can invest is Rs 1,99,290
The much-anticipated initial public offering (IPO) of insurance behemoth Life Insurance Corporation of India (LIC) will hit the markets on Wednesday May 4, 2022. Are its low valuations attractive enough for investors to buy?
Markets would also track the investment pattern of foreign institutional investors, movement in Brent crude, and the rupee.
The issue opened for anchor investor subscription on Monday and saw 'excellent' response, the official said, adding that the list will be uploaded to exchanges tonight.
The preparation for privatization of IDBI Bank is going on, he said during a media interaction at the LIC IPO briefing.
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.
The government expects to raise around Rs 21,000 crore from LIC IPO, which values the state-owned insurer at Rs 6 lakh crore.
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.
India’s largest initial public offering (IPO) of insurance behemoth Life Insurance Corporation of India (LIC) will hit the street on May 4, 2022. It is going...
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...
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...
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...
The issue is likely to open for subscription on May 4 and is expected to close on May 9.
The government has slashed the LIC IPO size to 3.5 per cent at Rs 21,000 crore amidst the escalating Russia-Ukraine war.
The development comes at a time when the government has slashed its LIC IPO size from 5 per cent to 3.5 per cent at Rs 21,000 crore.
LIC's embedded value, which is a measure of the consolidated shareholder’s value in an insurance company, was pegged at about Rs 5.4 lakh crore as of...
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.
The comments from Agarwal, who has taken over a few central units through the divestment process in the past, assume importance as the government has been...
The sale of 5 per cent stake or 31.6 crore shares in the country's largest insurer was originally planned for in March, but was postponed in view of the...
The LIC public issue is expected to be the biggest IPO in the history of the Indian stock market. Once listed, LIC's market valuation will be comparable to top...
The government is discussing selling as much as a 7% stake in LIC through the listing
According to the Draft Red Herring Prospectus (DRHP), the company plans to utilise the net proceeds from the fresh issue for strategic investments,...
