The insurer has growth potential, underestimated embedded value and the government sell its stake in the company again
Dubai Electricity and Water Authority's (DEWA's) $6.1-billion IPO in March is currently the third biggest public offering for the year, followed by China National Offshore Oil Corporation's (CNOOC's)
LIC got off to a good start with the $732 million of shares reserved for anchor investors oversubscribed. While HDFC Ltd reported a 16% net profit in 4th quarter. Read more on these our top headlines
The Indian government has said it expects to raise up to $2.74 billion, just a third of its original target, from selling a 3.5% stake in LIC in the country's biggest initial public offering (IPO)
Delhivery's IPO will be second biggest this year after LIC
The LIC IPO aims to price shares between 902 rupees and 949 rupees each
State-owned insurer is a significant investor in banks' capital, especially in public sector lenders.
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
The government is also not looking to dilute any further stake in LIC for at least a year
The proposed maiden public offer by state-owned Life Insurance Corporation of India (LICI) has received interests from more than 25 anchor investors both foreign and domestic, an official said
The Finance Ministry will discuss with market regulator Sebi to exempt LIC from the minimum public shareholding norm, DIPAM Secretary Tuhin Kanta Pandey said
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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
Left parties on Thursday attacked the government over its move to float the LIC IPO alleging that it was a "scam" and a "sell-off".
LIC's much-awaited IPO is finally opening on May 4. But its current valuation is Rs 6 lakh cr, less than half of the expected value of Rs 13 lakh cr. Is the govt undervaluing the state-run behemoth?
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Life Insurance Corporation of India's (LIC's) landmark Rs 21,000-crore IPO will open for subscription on Wednesday