For almost two years, India has been preparing for the country’s biggest-ever stock listing. The country’s largest insurer, Life Insurance Corporation of India (LIC), has assets of more than $500 billion. The main element causing a delay in the LIC IPO is a complication in the valuation. LIC, which has over two thousand branches and …
According to sources, India’s biggest insurer, Life Insurance Corporation, is expected to publish a draft prospectus by the end of this month and begin offering public shares by mid-March. Officials are working on valuing the business, which handles more than $450 billion in assets, and will release a draft IPO prospectus for investors once that …
To kickstart another year replete with IPOs, SEBI (Securities and Exchange Board of India) has given Delhivery the green light to float their IPO. Doing this has made this Gurugram-based logistics firm the first unicorn this year to receive the stock market regulator’s approval to list on domestic bourses. On that note, let’s look at …
A Closer Look at AGS Transact Technologies IPO AGS Transact Technologies filed its draft paper with the market regulator in August 2021 to generate as much as Rs. 680 crores. The public offer is a pure offer for sale by the company’s promoter. As a part of its offer for sale, Ravi B Goyal, the …
IPO Plans Postponed Go Airlines intended to raise Rs. 3,600 crores through its IPO. In addition, it decided to raise Rs. 1,500 crores via a pre-IPO placement. However, the recent COVID-19 wave caused by the Omicron variant has compelled the company to postpone all IPO-related plans. The airline wants to pump in additional funds since …
Edible oil giant Adani Wilmar has reduced the amount of its inaugural share offer from Rs 4,500 crore to Rs 3,600 crore. The firm, which distributes household oils under the Fortune name, is planning an IPO. AWL is a 50:50 joint venture between the Adani Group of Ahmedabad and the Wilmar Group of Singapore. The …
According to certain reports, the state-run insurer LIC is seeking a valuation of Rs. 15 lakh crores. Upon this, LIC will become the second-largest company in India, just behind Reliance Industries Ltd. (RIL). Further, this will bring TCS (Tata Consultancy Services) to third place, which is currently in the second position. Keep reading to know …
Pune-based facility management firm and healthcare provider BVG India is gearing up to foray into new business segments. It is looking to tap into the vast potential of India’s facility management segment. The company also filed its DRHP with market regulator SEBI in September 2021. BVG India aims to float its initial public offering as …
According to reports, Life Insurance Corporation (LIC) is planning to file its IPO papers with the market regulator during January’s last week. This news comes at a time when the government authorities are trying their best to make this public issue a grand success. The following sections contain more details on this topic. Keep reading! …
Sresta Natural Bioproducts, an organic food products business backed by VenturEast and Peepul Capital, has filed draft documents with the capital markets regulator SEBI to acquire money via a public offering. The first public offering would include a new issuance of Rs 50 crore in shares as well as an offer-for-sale of 70.3 lakh equity …
