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LIC IPO Subscribed 64% On Day 1; Policyholders, Employees Portions Oversubscribed

Portions set aside for Non Institutional Investors and Qualified Institutional Buyers (QIBs) also got subscribed 26 per cent and 33 per cent each respectively.

04 May 2022

IDBI Bank.

IDBI Bank Privatisation Process On: DIPAM Secretary

The preparation for privatization of IDBI Bank is going on, he said during a media interaction at the LIC IPO briefing. 


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.


LIC IPO Subscribed 0.29 Times Till Noon

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 exchanges.

04 May 2022

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.


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.

28 April 2022

LIC IPO Sees 'Excellent' Response From Anchor Investors

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.

02 May 2022

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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 public offering till date.

27 April 2022

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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.


25 April 2022
As Divestment Plans Take A Hit, Government To Fast-Track Asset Monetisation: Report

As Divestment Plans Take A Hit, Government To Fast-Track Asset Monetisation: Report

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.


24 April 2022
Government Cuts LIC IPO Size To 3.5% To Raise Rs 21,000 Crore

Government Cuts LIC IPO Size To 3.5% To Raise 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...


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.


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21 April 2022
Government Can Earn More Money By Share Sales: Vedanta Chairman

Government Can Earn More Money By Share Sales: Vedanta Chairman

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...


21 April 2022
Government To Take Call On LIC IPO Timing This Week

Government To Take Call On LIC IPO Timing This Week

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...


09 March 2022
LIC IPO Gets Green Signal From Sebi But Government May Delay Till Next Financial Year 

LIC IPO Gets Green Signal From Sebi But Government May Delay Till Next Financial Year 

The insurance behemoth LIC has got capital market regulator Sebi’s nod for its IPO. Now the ball is in the government’s court whether it wants to launch...


01 March 2022
Govt may review the timing of LIC IPO amid Ukraine crisis: FM Sitharaman

Govt may review the timing of LIC IPO amid Ukraine crisis: FM Sitharaman

The government had set a March deadline for the IPO and its IPO document filed on Feb. 13 put LIC's embedded value at Rs 5.4 trillion


25 February 2022
Want To Invest In LIC IPO? Here's How To Enroll For Share Allocation

Want To Invest In LIC IPO? Here's How To Enroll For Share Allocation

Touted as India’s biggest IPO, it involves the government offering for sale its entire stake at LIC at an amount of Rs 18,000 crore.


20 February 2022
LIC IPO: Four Of LIC’s Own Operations Pose A Challenge

LIC IPO: Four Of LIC’s Own Operations Pose A Challenge

LIC faces a challenge of high concentration in terms of regions that have the highest business, types of products and medium of sales, apart from overlapping...


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19 February 2022
Key Events That Made LIC The Largest And Most Valued Life Insurance Company In India

Key Events That Made LIC The Largest And Most Valued Life Insurance Company In India

LIC is India’s most recognised brand and also the biggest life insurance company. Here are the key events that led to LIC being what it is today.


16 February 2022
IPO-Bound LIC Sits On Rs 21,500 Crore Unclaimed Funds

IPO-Bound LIC Sits On Rs 21,500 Crore Unclaimed Funds

As per the Draft Red Herring Prospectus (DRHP) filed by the Life Insurance Corporation of India (LIC), the unclaimed amount was at Rs 18,495 crore at the end...


15 February 2022
LIC IPO May Not Have Special Provisions For Policyholders; Eligibility Criteria For Reserved Portion

LIC IPO May Not Have Special Provisions For Policyholders; Eligibility Criteria For Reserved Portion

Though a portion would be reserved for LIC policyholders in the IPO, no special provisions have been made for them so far.


02 February 2022
DPIIT To Seek Cabinet's Approval For FDI In IPO-Bound LIC, Says Anurag Jain

DPIIT To Seek Cabinet's Approval For FDI In IPO-Bound LIC, Says Anurag Jain

The DPIIT is making changes in the FDI policy to facilitate the disinvestment of LIC, after taking views from the finance ministry.


10 January 2022
LIC And Hero Insurance Brokers Join Hands To Increase Insurance Penetration

LIC And Hero Insurance Brokers Join Hands To Increase Insurance Penetration

All of LIC’s 32 insurance policies will be available through Hero Insurance Broking's distribution network of 2,700 customer service locations across India.


10 December 2021
LIC Receives RBI Nod To Enlarge Stake In IndusInd Bank To 9.99%

LIC Receives RBI Nod To Enlarge Stake In IndusInd Bank To 9.99%

IndusInd Bank informed that the approval would be valid for a period on year until December 8, 2022.


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