LIC's listing is crucial for the government to meet the lowered disinvestment revenue estimates of Rs 78,000 cr for the current fiscal
The firm has set price band at Rs 218-230 per share. At the top-end, the company's market cap works out to nearly Rs 30,000 crore
The move is to ensure a much larger shareholder base ahead of IPO
The initial share-sale will open on February 4 and conclude on February 8
The IPO of up to Rs 3,600 crore is in a price range of Rs 218-230 per share
How successful any LIC stock sale will be, however, remains an open question
Imagine Marketing, owner of consumer electronics brand BoAt, has filed a preliminary prospectus with capital markets regulator Sebi to raise Rs 2,000 crore through an initial public offering (IPO).
Institutional portion subscribed 30%, HNI 54% and retail quota 96%
The IPO comprises fresh issuance of about 15.65 crore shares worth Rs 3,600 cr and the entire proceeds will go to the company.
TVS Supply Chain Solutions, the logistics arm of $8.5-bn TVS Group, will launch a Rs 3,000-cr IPO sometime in 2022-23
Airport service aggregator platform Dreamfolks Services Ltd has filed preliminary prospectus with capital markets regulator Sebi to mop-up funds through an initial share-sale.
FabIndia's two promoters intend to transfer 400,000 shares and 375,080 shares to certain artisans and farmers, respectively, subsequent to the filing of the DRHP
HNI portion subscribed 27 times; The company is one of the largest deployers of point-of-sale terminals at petroleum outlets in India
Adani Wilmar has set the indicative price band for its initial public offering (IPO) of shares at between 218 rupees and 230 rupees apiece
Adani Wilmar, which sells its cooking oils and some other food products under Fortuna brand, has cut the size of its initial share sale to Rs 3,600 crore from the Rs 4,500 crore planned earlier
Those holding one or more share Adani Enterprises share in demat on January 19 will be considered eligible shareholder
The issue is entirely an offer for sale. AGS has already allotted shares worth Rs 204 crore to anchor investors at Rs 175 per share
A day earlier, the company had allotted shares worth Rs 204 crore to anchor investors at Rs 175 per share
Supply chain company Delhivery has received capital markets regulator Sebi's approval to raise Rs 7,460 crore through an initial public offering
The valuation Oyo is targeting would be lower than the $12 bn initially reported last year, which reflects Oyo's financial struggles and a more measured appetite for IPOs following Paytm debacle