LIC’s much-awaited public offering of $8 billion is likely to open on 11 March 2022 for anchor investors. Other investors can start bidding after a few days. To know more, keep scrolling! How Is LIC Prepping Up for Its IPO? The IPO of LIC (Life Insurance Corp) can get regulatory approval by March’s first week. …
The largest life insurer of this nation has already filed its draft papers with market regulator SEBI and is likely to launch its public issue as early as March 2022. The Government of India will offload 5% of its stake in Life Insurance Corporation (LIC), which translates to more than 316 million shares. This will …
Bikaji Foods International, India’s biggest maker of ethnic savories and sweets, is expected to submit its draught red herring prospectus this week in order to raise $1 billion in an initial public offering. IIFL Securities, JM Financial and Intensive have been designated as the issue’s bankers by the Rajasthan-based ready-to-eat goods manufacturer. The plan might …
The stock market debut of Life Insurance Corporation of India (LIC) next month is expected to raise about $8 billion. This IPO news has sent shares of other insurance companies lower. The insurance and financial market experts believe that this major IPO could drag down the stocks of other insurers for around a year. On …
A Brief Overview For the uninitiated, initial public offerings (or IPOs) serve as a great way via which private companies can go public and acquire sufficient capital in the process that they can direct towards their growth and expansion. The past year and a half have witnessed a slew of companies go public via this …
Several high-profile companies like Zomato, Nykaa, and Paytm proved to be poor investment choices in the long run. They tanked on the bourses, sinking investors money with them. This phenomenon led to regulators tightening the whip on IPO rules in the country. However, several other large corporations that were eager to join India’s IPO bonanza …
On Tuesday, 15 February 2022, Macleods Pharmaceuticals reported that it had filed a DRHP (draft red herring prospectus) with SEBI for its IPO (initial public offering) of Rs. 5,000 crores. Let’s dwell on the details! Know About Macleods Pharma’s OFS! The IPO comprises an OFS (Offer for Sale) of 60.48 million shares (maximum) through the …
The anticipated mammoth public offering of LIC, along with a bearish market, has prompted other firms to postpone their IPO preparations. The LIC initial public offering, which is set to take place in March, is likely to raise more than Rs 70,000 crore in the main market. Most firms that had gotten clearance from SEBI …
According to the Life Insurance Corporation of India’s Draft Red Herring Prospectus (DRHP), the unclaimed sum was Rs 18,495 crore at the end of March 2021 and Rs 16,052.65 crore at the end of March 2020. At the end of March 2019, the total unclaimed money was at Rs 13,843.70 crore. Every insurer is expected …
Following the filing of draft papers with market regulator SEBI, LIC has started its roadshows to attract investors across the globe. The aim here is to get the attention of big-ticket investors seeking their participation in India’s leading public issue to date. As per the officials of the Banking and Finances Ministry, the following fund …
