A Brief Overview The Union Budget announcement for 2022-2023 made clear the government’s desire to follow through with its insurance behemoth, Life Insurance Corporation of India’s (or LIC), public issuance of stock in the form of an initial public offering (or IPO). Anticipated to be the country’s largest ever IPO, LIC has begun its campaigning …
Bikaji Foods International Ltd has filed preliminary documents with SEBI in order to seek money via an IPO. The IPO comprises a pure offer for sale of up to 29.37 million shares by the company’s current promoters and shareholders. Deepak Agarwal and Shiv Ratan Agarwal each have up to 2.5 million shares in the OFS. …
Sufficient and cheap funding may become a thing of the past as international financial institutions scramble back to a normal interest rate environment and begin restructuring their unduly bloated balance sheets. The US Federal Reserve is projected to end its quantitative easing programme by March 2022, and an American economist at Jefferies estimates that seven …
Despite market volatility and geopolitical worries, Finance Minister Nirmala Sitharaman stated on Tuesday that the government will proceed with the initial public offering of Life Insurance Corporation of India. “There is a buzz in the market and there is demand for the LIC IPO,” Sitharaman said, declining to comment on whether the IPO may be …
FedFina (Fedbank Financial Services Ltd.), a subsidiary of Federal bank, has filed the initial papers with market regulator Securities and Exchange Board of India to garner funds through an IPO (initial public offering). Keep reading to get the details! A Closer Look into FedFina’s Public Issue As per the company’s DRHP (Draft Red Herring Prospectus) …
The speciality marine chemical manufacturer Archean Chemical Industries Ltd. takes a step towards the launch of its IPO by filing the draft papers with market regulator SEBI this week. Read on to obtain more information on this matter! A Closer Look into Archean Chemical’s IPO As per the draft papers filed with the Securities and …
Archean Chemical Pvt. Ltd, a specialty marine chemical manufacturer sponsored by India Resurgence Fund, has filed its draft red herring prospectus for an initial public offering (IPO). According to the DRHP, the offering would consist of the primary issuance of Rs 2,000 crore worth of shares and an offer-for-sale of up to 19.07 million shares …
With LIC‘s mega Initial Public Offering (IPO) forthcoming, several companies have delayed their plans to open their IPOs. This is because LIC’s mega listing will reduce the liquidity of around $10 billion from the system. That is why many companies which had their draft papers approved by SEBI will wait for a while to successfully …
LIC’s much-awaited public offering of $8 billion is likely to open on 11 March 2022 for anchor investors. Other investors can start bidding after a few days. To know more, keep scrolling! How Is LIC Prepping Up for Its IPO? The IPO of LIC (Life Insurance Corp) can get regulatory approval by March’s first week. …
The largest life insurer of this nation has already filed its draft papers with market regulator SEBI and is likely to launch its public issue as early as March 2022. The Government of India will offload 5% of its stake in Life Insurance Corporation (LIC), which translates to more than 316 million shares. This will …
