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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.
Adani Wilmar IPO | The company garnered Rs 940 crore through anchor book on January 25, ahead of public issue opening, at a price of Rs 230 per share.
Morgan Stanley’s name is missing from the key shareholders' list, as per data. However, it is not clear whether the brokerage firm has sold its entire stake in Paytm or its ownership has come down to less than one percent.
The firm, which aims to be the largest food company in India by 2027, is trying to muscle its way in the fast-growing consumer segment and unlock value through the IPO. If the plans fructify, it will be the seventh firm to be listed from the diversified Adani group’s stable
Waaree Energies had filed its draft papers for the public issue in September with the intention to raise Rs 1,350 crore through the issue of fresh shares and an offer for sale of 4 million shares.
This comes after 63 companies mopped up a record Rs 1.2 lakh crore in 2021 through initial public offerings (IPOs) even as the pandemic gloom shadowed the broader economy.
The IPO comprises a fresh issue of Rs 757 crore and an offer-for-sale of up to 2.57 million shares by its existing promoter Purnima Ashwin Desai
FPIs became net buyers of $3.9 billion worth of Indian equities in 2021 despite selling stocks worth $6.8 billion in the secondary market
In 2021, 63 Indian corporate entities have raised Rs 1.19 trillion via IPOs with most firms reporting healthy gains on debut
The maker of Officer’s Choice whiskey has initiated talks with advisors and seeks a valuation of at least $2.5 billion
"Star Health dominates the sector with about 31% market share in retail health insurance in India. I think this kind of dominance in an industry which is poised to grow is very rare."
The Mumbai-based financial services group had received 9.78 times subscription by the closing day on Monday
Axis Capital, Ambit, DAM Capital Advisors, Equirus Capital, ICICI Securities and Motilal Oswal Investment Advisors are the book running lead managers to the IPO
Ace investor Rakesh Jhunjhunwala-backed Star Health and Allied Insurance Company is set to launch its maiden public offer on November 30, 2021. The IPO comprises a fresh issue of shares worth Rs 2,000 crore and will be the third-largest IPO in 2021, after Paytm and Zomato. Should you subscribe to this IPO? Watch the video to find out.
