Page 7 - Lic Ipo
Most large global investors may give LIC's initial public offering a miss
But would consider investment after assessing post-listing performance
 "Most large global investors may give LIC's initial public offering a miss")
Waning demand for LIC IPO highlights fiscal challenges for PM Modi
Life Insurance Corporation of India's board on Saturday approved selling a 3.5% stake for about Rs 210 billion ($2.8 billion), far lower than the Rs 500 billion estimated before Russia invaded Ukraine
 "Waning demand for LIC IPO highlights fiscal challenges for PM Modi")
Top headlines: LIC valuation, Ola to recall units, and more
Read out the top news headlines and other important topics for the day and related information in the section below.
 "Top headlines: LIC valuation, Ola to recall units, and more")
Valuation of IPO-bound LIC based on global peers' m-cap, return prospects
The government believes LIC's valuation would surge, following the insurer's lisiting
 "Valuation of IPO-bound LIC based on global peers' m-cap, return prospects")
LIC board approves IPO issue size to be cut to 3.5% from 5%
The government will sell 3.5% equity for Rs 21,000 crore valuing India's largest insurer at Rs 6 trillion.
 "LIC board approves IPO issue size to be cut to 3.5% from 5%")
Govt plans to raise nearly Rs 30,000 crore through mega LIC IPO
The Indian government has pegged LIC's valuation at around Rs 6 trillion, according to the sources
Top Headlines: LIC IPO size may be cut, India's trade pacts, and more
Business Standard brings you the top headlines at this hour
 "Top Headlines: LIC IPO size may be cut, India's trade pacts, and more")
LIC IPO size may be cut to Rs 21K cr; issue likely to hit market on May 2
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
Government likely to take a call on timing of LIC IPO within this week
The government is likely to take a call on the timing of LIC initial public offering within this week, a senior official said. The sale of 5 per cent stake or 31.6 crore shares in the country's largest insurer was originally planned for in March, but was postponed in view of the geopolitical tension. The government has time till May 12 to launch the IPO without filing fresh papers with markets regulator Sebi. The official said it would be a tough call to decide whether to go ahead with the retail and domestic investor demand or to wait for geopolitical tension to ease and FIIs to return to market. "A decision on timing the IPO would be taken this week," the official told PTI. LIC's embedded value, which is a measure of the consolidated shareholders' value in an insurance company, was pegged at about Rs 5.4 lakh crore as of September 30, 2021, by international actuarial firm Milliman Advisors. There were estimates made in certain quarters that LIC's market valuation would be about
For LIC IPO, govt may ask regulators to ease new norms on investments
May ask Sebi and RBI for relaxing rules regarding anchor lock-in, Rs 1-crore cap on IPO financing
 "For LIC IPO, govt may ask regulators to ease new norms on investments")
LIC's first-year premium grew by 7.92% to Rs 1.99 trillion in FY22
The market share of LIC stood at 63.25% in total first year premium for financial year 2021-22
 "LIC's first-year premium grew by 7.92% to Rs 1.99 trillion in FY22")
Govt shortlists up to 60 anchor investors for LIC's share sale
Price discovery estimates insurer's value at around Rs 7 trillion
 "Govt shortlists up to 60 anchor investors for LIC's share sale")
Top headlines: Telcos slam Trai, Rs 1,900 cr deficit may hit infra projects
Business Standard brings you top headlines on Wednesday
 "Top headlines: Telcos slam Trai, Rs 1,900 cr deficit may hit infra projects")
IPO-bound LIC plans to cross-sell policies via housing finance arm
This would be by selling insurance products to home buyers who avail loans from LIC Housing Finance
LIC IPO launch likely in mid- or end-April; decision may come soon
Dipam deems situation suitable for listing
 "LIC IPO launch likely in mid- or end-April; decision may come soon")
Top headlines: Nifty firms' Q4 profit to surge, LIC IPO launch likely soon
Business Standard brings you the top headlines this morning
 "Top headlines: Nifty firms' Q4 profit to surge, LIC IPO launch likely soon")
Top headlines: India Inc divided over new apps, tax revenues at record high
Business Standard brings you the top headlines this morning
 "Top headlines: India Inc divided over new apps, tax revenues at record high")
LIC IPO: Government advisors seek large investors' views on valuation
Merchant bankers have been asked to submit views of investors on LIC's valuation by as early as Monday, said an official
 "LIC IPO: Government advisors seek large investors' views on valuation")
Block, stock, and trades: Block trades gather steam and what this suggests
Investment bankers say successful execution of large block trades is a healthy sign and could pave the way for large initial public offerings (IPOs) and additional fund-raising by listed companies
 "Block, stock, and trades: Block trades gather steam and what this suggests")
Centre unlikely to dilute stake in LIC for at least 2 years after IPO
The move is to woo investors, avoid pressure on stock
 "Centre unlikely to dilute stake in LIC for at least 2 years after IPO")
