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The anchor investor portion of Life Insurance Corporation of India’s (LIC) initial public offering (IPO) was fully subscribed on May 2, according to a stock exchange disclosure from the company. According to the filing, domestic mutual funds (MFs) accounted for more than 71% of the anchor book portion. In total, the state-owned insurance company issued […]
Life Insurance Corporation of India (LIC) is expected to open on May 4 for IPO application. The offer will be open until May 9 to subscribe. Here are 9 things you need to know if you want to invest in LIC’s IPO: LIC IPO will be the largest IPO in the history of the Indian […]
The LIC Board is meeting today to give the final shape to the issues relating to the upcoming IPO. The largest-ever IPO in the country is going to be launched on May 4th. Board is expected to approve the dates and finalise the exact reservation portion for policyholders and its employees in today’s meeting. It […]
An official said the government may have to rethink the valuation of Life Insurance Corporation of India (LIC) for its initial public offering (IPO) if the listing is delayed beyond May. If the offer is delayed beyond May 12, as allowed by the Securities and Exchange Board of India, the present embedded value of LIC, […]
Life Insurance Corporation(LIC) of India, on February 13, filed its IPO draft prospectus with SEBI. The Government is planning to launch LIC IPO next month as a part of its mega disinvestment plan. This will be India’s largest-ever public listing. As per the market sources with the value of Rs 12.6 billion- Rs 15 billion, […]
Chances are, you or a family member of yours holds a LIC policy. At 40 crore insurance policyholders, LIC covers almost 30% of the Indian population, and in that capacity manages to play a unique socio-economic role that is unmatched by any other institution not just within India but globally as well. Consider, for instance, […]
