IPOs - Angel One

The government has started the process of preparing for the initial public offering of Life Insurance Corporation of India (LIC), in which they are expecting to divest up to 5% of the stake. The first step in preparing an insurance company’s divestment is determining its embedded value. This is the sum of the present value …

A Brief Overview For the uninitiated, the Life Insurance Corporation of India (LIC) serves as the country’s largest statutory insurance and investment corporation whose ownership falls under the Government of India. Over the past few years, there have been murmurs of the corporation going public, however, the certainty of this endeavor was made apparent in …

According to sources, the board of the Life Insurance Corporation of India will meet on 11th February to discuss the insurer’s planned listing, paving the way for the country’s largest initial public offering. Following board approval, the draft red herring prospectus (DRHP) for the planned IPO will be submitted. “Key choices on how much of …

The government reportedly wants to value the state-run Life Insurance Corporation of India between Rs 13 lakh crore and Rs 14 lakh crore (LIC). Despite the fact that no final decision has been made. While different figures are circulating in the market in the run-up to the country’s biggest public offering, it has been learned …

On February 8, 2022, Vedant Fashions Ltd completed its IPO. During the three days of bidding, the issue was subscribed 2.57 times. Investors are now anxiously anticipating the start of the share allotment procedure. The IPO share allotment status for Vedant Fashions is expected to be finalized on 11th February, 2022. Vedant Fashions IPO GMP …

Investors were underwhelmed by Vedant Fashions‘ public offering, which was just 2.57 times subscribed on the last day of bidding on Tuesday. It received bids for 6.53 crore equity shares, out of a total of 2.54 crore equity shares on sale. Qualified institutional investors have placed bids totaling 7.49 times the amount reserved. To get …

Vedant Fashions Ltd., the owner of Manyavar, conducted its anchor round on Thursday, 3 February 2022. This celebration and wedding wear brand raised around Rs. 945 crores from the anchor investors in this round ahead of its initial public offering. Vedant Fashions IPO is set to go live for subscription on Friday, 4 February 2022. …

The IPO of Vedant Fashions, the parent company of ethnic wear brand Manyavar, was subscribed 2.57 times on its third day of bidding, 8 February 2022. The public issue received bids for 6,53,72,718 shares, whereas 2,54,55,388 shares were put on offer, as per data available on NSE. Vedant Fashions is an ethnic wear maker well-known …

Richa Info Systems Limited has launched a public offering of 8,00,000 equity shares with a face value of Rs 10 each for cash at a price of Rs 125 per equity share, including a Rs 115 share premium. The IPO will take place on the NSE Emerge platform and will begin on the 9th of …

One of the market leaders in the precious engineering segment of India, Harsha Engineers International, has decided to refile its draft papers with the capital market regulator to initiate an IPO of Rs. 755 crores. Currently, the promoters of Harsha Engineers International hold 99.7% equity of the company. This public issue will include an offer …