IPOs - Angel One

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 …

Though the pricing of LIC’s IPO (initial public offering) is yet to be decided, the market expects its size to be between Rs. 53,500 crores and Rs. 93,625 crores. The span between the two ends (about Rs. 40,000 crores) is nearly 1/3rd of the amount raised in 2021 ─ that was the primary market’s best …

February 28, 2022, has been marked as a cutoff date by the Life Insurance Corporation of India (LIC) for its policyholders to update their details in the policy records. Only the policyholders who update the details within the stipulated period will be eligible to participate in its upcoming public issue. The insurance firm on February …

LIC, the country’s largest life insurance company, has sought an exemption from the regulator Securities and Exchange Board of India (SEBI) for its upcoming public offering. Any company that plans on floating an IPO has to deposit an amount equal to 1% of the issue size. The security deposit, which is used to counter fraud, …