Upcoming IPO

The much-awaited initial public offering (IPO) of Life Insurance Corporation of India (LIC) has closed, and the company will finalize the allotment by Thursday, May 12, as announced by DIPAM Secretary Tuhin Kant Pandey. The LIC IPO opened for subscription between May 4-9. The issue was kept open for bidding during the weekends as well, an unusual way to attract investors. LIC's Rs 20,557 crore IPO was sold in the range of Rs 902-949 per equity share, where eligible policyholder received a discount of Rs 60 apiece, whereas retailers and eligible employees were offered a discount of Rs 45 per share. The issue was entirely an offer for sale by the government of India, wherein it has offloaded only a 3.5 per cent stake. The issue was overall subscribed 2.95 times, thanks to strong participation from policyholders and employees, whose portions were subscribed 6.12 times and 4.4 times, respectively. Qualified institutional investors made 2.83 times bid for their allocations, whereas non

The much-awaited IPO of Life Insurance Corporation is set to open for subscription today, after it recorded bumper participation from anchor investors. Find out if you should subscribe to it. The initial public offer of Life Insurance Corporation is set to open for subscription today. At Rs 21,000 crore, the offer will be India’s biggest issue till date. The next two biggest issues that hit the Street in the past were that of Paytm-owner One97 Communication, and state-run Coal India. Globally, this is the world’s fifth biggest IPO in calendar year 2022. LIC IPO witnessed robust traction from leading investors including SBI Mutual Fund, Axis Mutual Fund and Aditya Birla Sun Life MF. The company raised around Rs 5,627 crore from anchor investors on Monday, at Rs 949 per share. However, much of this amount was raised with the help of domestic mutual funds as foreign funds invested little over Rs 1,600 crore. Analysts say the low demand may be because of the present risk aversion among fo

LIC public offer, the country's biggest-ever IPO, on Wednesday opened for subscription for retail and institutional investors. LIC IPO   Public offer, the country's biggest-ever IPO, on Wednesday opened for subscription for retail and institutional investors. The government aims to generate about Rs 21,000 crore by diluting its 3.5 per cent stake in the insurance behemoth. The LIC initial public offering (IPO), now open for retail and institutional investors, is set to close on May 9. LIC has fixed the price band at Rs 902-949 per equity share for the issue. The offer includes a reservation for eligible employees and policyholders. The retail investors and eligible employees will get a discount of Rs 45 per equity share, and policyholders will get a discount of Rs 60 per equity share. The share sale is through an offer-for-sale (OFS) of up to 22.13 crore equity shares. The shares are likely to be listed on May 17. LIC has cornered a little over Rs 5,627 crore from anchor invest

LIC's IPO is one of the fastest to get Sebi approval; the insurer had filed its DRHP on February 12. India’s markets regulator has approved the public listing of Life Insurance Corporation of India (LIC), sources told 'Business Standard' on Wednesday as the war in Ukraine casts a shadow over the state-owned firm’s IPO timing. The government is looking to sell a 5 per cent stake, or 316 million shares, in the insurer through the IPO. Investment banking sources said Sebi issued the so-called final observations on Tuesday evening. LIC IPO is one of the fastest to get Sebi approval; the insurer had filed its DRHP on February 12. Once a DRHP obtains final approval, the company can launch its share sale. However, LIC may not launch its IPO immediately given the volatile market conditions. Investment bankers said they would want to wait till the market sentiment improves. Benchmark indices have come off 9 per cent this year amid a surge in global oil prices following Russia'

  India is the second-largest cement-producing country. India’s cement industry is likely to witness a healthy growth trend in the coming years’ on-demand revival in the post-Covid-19 era. Infrastructure development with new roads, highways, and freight corridors and the boost to affordable housing in the recent budget.  Against this backdrop, Penna Cements, a Hyderabad-based cement manufacturing company, has filed a draft red herring prospectus (DRHP) with SEBI to come up with an Initial Public Offering (IPO). It is one of the largest cement companies in India that are held privately. As the rally in the equity markets continues amid the second wave of the Covid-19 pandemic, IPOs continue to attract investors. Here is all you need to know about the  Penna Cement IPO launch date, the Penna Cement IPO price and how to apply for the Penna Cement IPO. IPO Information Penna Cements has filed papers with SEBI for an initial share offering amounting to Rs. 1,550 Crores in a second attempt to

Lava International IPO, GMP Today, Share Price, Allotment Date will be discussed here. Let’s have a look at the company’s history, financial positions, promoters, and other relevant information, as well as the LAVA International IPO release date, IPO offer price, subscription, LAVA International Limited IPO allotment, grey market price, and other relevant information. Lava International IPO GMP Today F&S claims to be the world’s fifth-biggest feature phone business, with a market share of 5.0 percent. They are a prominent end-to-end focused mobile phone and mobile handset solutions firm with operations in several countries, headquartered in India. F&S claims to be India’s third-largest feature phone business, with a 13.4 percent market share in terms of sales volume in the fiscal year 2021. They have operations in Thailand, Sri Lanka, the Middle East, Bangladesh, Mexico, Indonesia, and Nepal, among other rising markets. THE COMPANY’S PROMOTERS ARE HARI OM RAI, SHAILENDRA NATH R