LIC management and the investment bankers will embark on road shows in six cities across India - including Mumbai, New Delhi, Bengaluru, Ahmedabad, Rajkot, Kolkata
The government will sell its 3.5 per cent equity in LIC for Rs 21,000 crore, valuing India's largest insurer at Rs 6 trillion
For a quick entry into the Sensex, a company needs to rank among the top 10 in terms of free-float market cap.
But would consider investment after assessing post-listing performance
The government believes LIC's valuation would surge, following the insurer's lisiting
The issue opens April 27 and closes April 29, anchor investors can bid on April 26
The insurance giant's valuation may be reduced to just Rs 6 trillion, which will be 1.1 times its embedded value of Rs 5.4 trillion
IPO application patterns set to change as investors adjust to new realities
The government is likely to take a call on the timing of LIC initial public offering within this week, a senior official said.
May ask Sebi and RBI for relaxing rules regarding anchor lock-in, Rs 1-crore cap on IPO financing
In addition, the regulator has devised a new reporting format for capturing the data of all ASBA (Application Supported by Block Amount) applications unblocked by Self Certified Syndicate Banks
Godavari Biorefineries Ltd CEO and Managing Director Samir Somaiya told PTI that the company has already received the market regulator Sebi's final approval for its initial public offering (IPO)
Increasing awareness about mutual funds digitisation and sharp surge in equity markets have aided asset management companies in FY22
Campus Activewear plans to expand its distribution network and deepen its footprints in western and southern regions
Jewellery retailer Senco Gold Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 525 crore through an initial public offering (IPO).
Specialty chemical company Prasol Chemicals has filed preliminary papers with capital markets regulator Sebi to raise as much as Rs 800 crore through an initial share-sale.
Launched in 1986, the company's flagship brand 'BIBA' is a 'category creator' in the women's Indian wear segment.
Dipam deems situation suitable for listing
The firm now aims for a US listing in 2023 instead of this year, say sources. This would be the biggest consumer tech IPO in India
This was on account of companies rushing to take advantage of the favourable market sentiment towards IPOs triggered by various reasons