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, …
Securities and Exchange Board of India (SEBI) has approved several Initial Public Offerings (IPOs) as per an update on Monday. These companies, namely Capital Small Finance Bank, Jesons Industries and Uma Exports, received the market regulator’s observation letters on 7-8 February 2022. These companies had filed their draft red herring prospectus (DRHP) with SEBI between …
LIC (Life Insurance Corporation of India) has filed its DRHP or Draft Red Herring Prospectus with SEBI, giving way to the largest IPO of India. Don’t you think LIC has the potential of becoming the most prized company after its public listing ─ overturning Reliance Industries Ltd? Well, keep scrolling to get the details! Get …
Following the conclusion of its Rs 3,149-crore offer-for-sale share sale last week, Vedant Fashions, which owns the ethnic apparel brand Manyavar, is being listed on the NSE on Wednesday. The company’s market worth is estimated to be over Rs 21,000 crore at the high end of the IPO price range of Rs 866 per share. …
Due to the big LIC initial public offering, the RBI is considering using the new liquidity adjustment framework to manage liquidity in the system. Banks may witness a rise in deposits from prospective subscribers in the coming weeks, followed by Rs 65,000-70,000 crore in cash leaving the system. Some foreign movements from outside will add …
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 …
