LIC IPO a ‘tremendous success’, allotment of shares by May 12: DIPAM Secy
The equity shares will be credited to demat accounts of successful bidders before May 17, says DIPAM secretary Tuhin Kanta Pandey.
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LIC IPO: Grey market premium indicates listing gains for investors
The insurance major saw its grey market premium (GMP) rise 80% on April 28, a day after the IPO was announced.
LIC IPO: Policyholders get ₹60 discount; all you need to know
For policyholders to bid for the LIC IPO, they must have a demat account, which has been linked to their permanent account number (PAN) present in LIC records.
LIC IPO: Govt to raise Rs 5,627 cr from anchor investors
A total of ₹3,751 crore will be raised from net QIB portion, including mutual funds. The company will raise ₹2,813 crore from the non-institutional portion and ₹6,565 crore from the retail investors.
It's official! LIC IPO to open on May 4; to sell 3.5% stake
LIC IPO issue opens for subscription on May 4, 2022, and the price band has been fixed at ₹902-949 apiece.
LIC IPO size cut by one-third, valuation by half
The reduced valuation of the IPO along with the current despondency of the market raise questions over the prudence and the necessity of launching an IPO of a crown jewel like LIC.
LIC IPO set for a May launch? What we know so far
Even with a reduced issue size, LIC will be the largest IPO in the country, outdoing Coal India’s ₹15,500 crore IPO in 2010 and Reliance Power’s ₹11,700 crore IPO in 2008.
LIC files updated draft IPO papers with SEBI
Shortly after SEBI's approval of its DRHP, LIC had released the financial results for the December quarter, requiring changes in the draft document for the IPO.
LIC IPO gets final SEBI nod; Centre yet to finalise issue date
This is one of the fastest DRHP approvals by SEBI, coming in only 24 days after LIC filed the draft papers with the regulator.
LIC IPO on course despite geo-political headwinds: FM
Sitharaman noted there is a lot of interest in the market on LIC IPO and the government will be going ahead with it despite the Ukraine crisis.
