The company said it is also offering free demat accounts for lifetime to all
Norges Bank Investment Management, GIC Pte and Abu Dhabi Investment Authority will be among the anchor names due to be announced Monday, the people said, asking not to be identified
Institutional demand for IPOs of both Rainbow Medicare and Campus Activewear, which closed this week, have been strong. Experts say this is a healthy sign for LIC's IPO, which opens next week
Insurance behemoth has over 1% holding in 47 Nifty50 firms
The LIC has set a price band of Rs 902-Rs 949 per equity share. The government intends to raise Rs 21,000 crore through the issue
The institutional portion was subscribed by 10 per cent, the retail investor portion by 82 per cent
The company had fixed a price band of Rs 278-292 per share in the IPO
According to the Draft Red Herring Prospectus (DRHP), the initial share sale is entirely an Offer for Sale (OFS) of 15,731,942 equity shares by promoter group entities and existing investors.
Life Insurance Corporation of India's (LIC's) landmark Rs 21,000-crore IPO will open for subscription on Wednesday
Valuation fair and attractive; won't dilute stake for a year: Govt
The investor interest has been quite good. It is especially good as far as the domestic investors are concerned: M R Kumar
Compared to Rs 60 discount under policyholder quota, you will get Rs 45 discount under these
Wealthy investor portion subscribed 5.6 times, retail by 3.9 times, and the portion reserved for employees by 1.4 times. The institutional portion was subscribed 13%
The multi-speciality hospital chain had allotted shares worth Rs 470 crore to anchor investors on Tuesday
But allows a few exemptions, such as a 30-day lock for anchor investors
Radiant Cash Management Services and Veranda Learning Solutions have received the go ahead from capital markets regulator Sebi to float their IPOs.
The company has set the price band for its IPO between Rs 130-137 per share.
Veranda has raised Rs 200 crore in fresh capital, which will be used to repay debt and for expansion
The LIC IPO may finally hit the primary market on May 4. Experts believe it will get a good response from both retail and institutional investors. Find out if you should take a slice of this pie.
The retail portion was subscribed 1.9 times, HNI 1.32 times and institutional investor portion was subscribed 9%