-
The government will sell more than 31 crore equity shares of LIC, according to the draft red herring prospectus filed with SEBI in February.
-
The firm may consider a pre-IPO placement of as much as Rs 1,200 crore
-
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.
-
BlueStone Jewellery has appointed ICICI Securities, IIFL Securities, Jefferies and JM Financial as investment bankers for the IPO.
-
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.
-
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.
-
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
-
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.
-
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
-
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
-
The existing investors of Signature Global include the World Bank’s investment arm International Finance Corporation (IFC), KKR, as well as HDFC Capital
-
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 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.
-
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 IPO: The LIC board may discuss and approve the discount for policyholders in the IPO, and the portion to be reserved for them.
-
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.
-
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.
-
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 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.
-
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
-
The survey noted that 75 companies raised Rs 89,066 crore from the primary market through initial public offerings in April-November as against Rs 14,733 crore in the same period in 2020.
-
Analysts recommend that investors book profits on any gains post listing
-
The maiden public offer was subscribed 7.79 times during January 19-21 amid good participation by all kind of investors. Non-institutional investors had put in bids 25.61 times their reserved portion.
-
India’s largest insurer, Life Insurance Corporation of India (LIC), is expected to file its IPO prospectus soon. While LIC is ironing out the finer points before launching the mega IPO, brokers are getting ready to cash in on the huge interest from LIC policyholders. Know the reasons behind the demat frenzy.
-
Alternate Investment Funds, Credit Suisse Singapore, Integrated Core Strategies Asia Pte and Societe Generale name are missing in SJS Enterprises' latest December quarter shareholding data.
