Lessons to learn from Paytm, Zomato & other IPOs before applying for LIC’s shares
As the markets turned volatile, investors were reminded of the old lessons around ‘greed and fear’ in various ways. There’s lots to learn from recently listed stocks like Paytm and Zomato while making an informed decision about applying to the LIC IPO. Here’s a checklist to keep in mind.
Paytm free fall hurts, Vijay Shekhar Sharma no longer a billionaire
According to Forbes, Sharma's wealth stands at $999 million from its peak of $2.35 billion before the finetch listed on November 18, 2021. Since then, Sharma has been losing around Rs 88 crore a day
Bleeding IPO stocks tell the story of how Fed, Russia popped the bubble
Expected policy tightening by the Fed, coupled with the Russia-Ukraine war, means the dollars that chased emerging market stocks are no longer doing so. The fall in valuations of Indian IPOs have clearly shown the froth that dollar liquidity created
IPO News | Dubai state utility DEWA launches first of 10 planned listings
The state utility announced its intention to float (ITF) in an emailed statement, adding that the Dubai government planned to offer 3.25 billion shares, or a stake of 6.5 percent in the company. However, the company has not disclosed how much money it aims to raise.
LIC, Rainbow Children's Medicare and eMudhra get SEBI nod to float IPOs
The government will sell more than 31 crore equity shares of LIC, according to the draft red herring prospectus filed with SEBI in February.
Nasdaq-listed Ebix Inc's Indian subsidiary files for IPO to raise Rs 6,000 crore
The firm may consider a pre-IPO placement of as much as Rs 1,200 crore
Fino PayTech shares fall 53% in unlisted market over four months after listing of payments bank unit
In the mid-November 2021, the stock hit an all time high and was trading in the range of Rs 400 to 425 in unlisted space when subsidiary Fino Payments Bank made a debut on the bourses.
Ratan Tata-backed BlueStone Jewellery plots Rs 1,500 crore IPO: Report
BlueStone Jewellery has appointed ICICI Securities, IIFL Securities, Jefferies and JM Financial as investment bankers for the IPO.
LIC largest holder of G-secs, equities, household savings, says Report
Holding 17 percent of the over Rs 80.7 lakh crore dated government securities, maturing by 2061, the Reserve Bank is the second-largest holder of government debt, while led by public sector banks, commercial banks collectively own around 40 percent. Other insurers cumulatively own only 5 percent.
Softbank-backed FirstCry takes baby steps towards over $1-billion IPO, picks Kotak, Morgan Stanley
Pune-based FirstCry was founded in 2010 by Supam Maheshwari and Amitava Saha. It competes with Hopscotch and Kids Stop Press in the online segment and became a unicorn post raising around $296 million from largest shareholder Softbank in 2020.
Exclusive | LIC Chairman on plans post IPO, IDBI stake sale & strategy to compete with other insurance cos
Ahead of the mega LIC IPO, we get you an excerpt from an exclusive chat Karunya Rao had with Chairman, MR Kumar. In this interview from November 2021 with Moneycontrol PRO, Kumar spoke about LIC’s plans post listing, how the insurance giant will face the competitive landscape, plans to sell stake in IDBI Bank, and more. Watch exclusive conversation here
Recap of three decades of disinvestment ahead of LIC IPO
The general buzz in the street and the frenzy in the market surrounding the Life Insurance Cooperation (LIC) of India’s initial public offering (IPO) is akin to the Friday release of a much-awaited multi-starrer big budget film. The mega IPO, expected to be the biggest in India’s history, has got everyone involved in tenterhooks. For the government this disinvestment is a huge step. To understand the background, it’s important to look back at India’s three-decade tryst with disinvestment. Watch the video for more.
LIC IPO issue price may be Rs 1,693-2,962/share; Market cap, EV and other valuation metrics decoded
Currently, private insurance companies trade at a multiple of 3-4 times embedded value. LIC’s embedded value as on September 30, 2021 has been estimated at 5.39 lakh crore. In this video, we take a closer look at the valuation, likely issue price, market cap and other metrics
Macleods Pharma files papers for IPO, likely to be one of the biggest in sector
The Rs 6,480-crore IPO of Gland Pharma, which was launched in November 2020, holds the record for the biggest ever offering in the domestic pharma segment. In August 2021, Bain Capital-backed Emcure Pharma had filed papers with the regulator for a proposed Rs 4,500–Rs 5,000-crore IPO
HDFC Capital-backed realty player hires bankers for Rs 1,000-crore IPO
The existing investors of Signature Global include the World Bank’s investment arm International Finance Corporation (IFC), KKR, as well as HDFC Capital
Mega LIC IPO: Draft papers filed, what do we know and what’s next?
The LIC IPO is expected to be the biggest ever in the history of the Indian capital markets. In November, Paytm broke the earlier record for the largest domestic IPO with its Rs 18,300-crore issue. Prior to that, the record was held by Coal India which raised around Rs 15,000 cr via an IPO in 2010. In December 2019, Saudi Arabian government owned oil major Saudi Aramco raised around $25.6 bn in the world’s biggest ever IPO. The mega IPO by the state-owned insurance behemoth is expected to help the government meet its revised disinvestment target of Rs 78,000 crore for the fiscal and also tap a legion of new retail investors, including policyholders. Watch the video for more.
LIC IPO: Why LIC’s embedded value surged in just six months
LIC had a single consolidated Life Fund wherein it held its surplus. The small step of bifurcating this fund into participatory and non-participatory funds has boosted its EV.
Fed tightening may delay listing of unicorns in India: Chris Wood
The arrival of a growing number of listed digital plays is clearly coming, which will add another dimension to the stock market, said Wood.
LIC Public Issue | LIC Board may consider IPO proposal today, discuss discount for policyholders
LIC IPO: The LIC board may discuss and approve the discount for policyholders in the IPO, and the portion to be reserved for them.
How can policyholders apply for the LIC public issue?
In a first-of-its-kind move, the government has decided to create a 10 percent policyholders’ quota in LIC IPO. Here’s a guide on how policyholders can apply for the IPO.
LIC IPO | What former finance ministers have said about the insurance behemoth's share sale
The government of India is set to file draft papers for LIC IPO with the Securities and Exchange Board (Sebi) this week. The initial public offering (IPO) of LIC is supposed to be India’s largest public issue ever.
LIC IPO | A look at the journey of India’s leading insurance company
On February 13 LIC filed a draft red herring prospectus with Security Exchange Board of India (Sebi) to raise funds via initial public offering. The IPO consists of an offer for sale of upto 316.25 million shares or 5 percent stake by the government of India. The listing of LIC is poised to be India's biggest IPO to date. LIC continues to be the dominant life insurer even in the liberalised scenario of Indian insurance and is moving fast on a new growth trajectory surpassing its own past records
Paytm stock volatile as brokerages mixed on results
Paytm stock at 10.20 am was trading at Rs 969 on BSE, up 1.7% from its previous close. The stock hit a high and a low of Rs 984 and Rs 898 respectively.
LIC IPO: Market cap of India’s biggest insurer likely to hit $293 billion after listing
At such a level, based on the current valuation multiples of listed life cover players in India, LIC will become the second-largest listed insurance provider and the largest life insurer globally
