Page 40 - Initial Public Offering (ipo)

LIC IPO: Irdai raises investment limit for insurers in BFSI sector to 30%

This could free up more funds to invest in the largest IPO, say industry insiders

Uniparts India files preliminary papers with Sebi to raise funds via 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.

Unique features of LIC IPO: Policyholder quota, differential discount

Life Insurance Corporation of India's (LIC's) landmark Rs 21,000-crore IPO will open for subscription on Wednesday

'65 million PAN numbers have been linked to LIC policies', says M R Kumar

The investor interest has been quite good. It is especially good as far as the domestic investors are concerned: M R Kumar

Failed to link PAN to policy? Apply for LIC IPO under retail/staff quota

Compared to Rs 60 discount under policyholder quota, you will get Rs 45 discount under these

Sebi says no to 'upsizing' option in LIC share sale; allows few exemptions

But allows a few exemptions, such as a 30-day lock for anchor investors

Lower dilution may dash LIC's marquee index inclusion hopes

For a quick entry into the Sensex, a company needs to rank among the top 10 in terms of free-float market cap.

Most large global investors may give LIC's initial public offering a miss

But would consider investment after assessing post-listing performance

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

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

Regulatory changes set to change the way wealthy individuals invest in IPOs

IPO application patterns set to change as investors adjust to new realities

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

Biba Fashion files for IPO; Warburg Pincus, Faering to divest stakes

Launched in 1986, the company's flagship brand 'BIBA' is a 'category creator' in the women's Indian wear segment.

After 2021 boom, how 2022 could be a year of reckoning for Indian startups

After the boom of 2021, when 44 Indian startups became unicorns, the markets are more selective and investors less enthusiastic in participating at unrealistic valuations

Investment bankers see 58% decline in earnings, shows data

Most companies had to hit pause on their fund-raising plans amid a sharp fall in the stocks, more so for those in the broader market.

PKH Ventures files draft papers for IPO with Sebi

PKH Ventures, a construction and hospitality firm, has filed preliminary papers with capital markets regulator Sebi to raise funds through an Initial Public Offering (IPO). The public issue comprises fresh issuance of 1.826 crore equity shares and an Offer For Sale (OFS) of 0.983 crore shares by its promoter, according to the Draft Red Herring Prospectus (DRHP). The company may also consider a pre-IPO placement of 15 lakh equity shares. Proceeds of the issue will be used to invest in subsidiaries -- Halaipani Hydro Project Pvt Ltd and Garuda Construction -- funding long-term working capital requirements, for funding strategic acquisitions and investments, among others. The Mumbai-based company has three business verticals -- construction and management, hospitality and management services. For the financial year ended March 31, 2021, the company had a profit after tax of Rs 51.63 crore while the total income stood at Rs 265 crore. IDBI Capital Markets & Securities and BOB Capital

Market swings throw Indian firms' 2022 listing plans off track

Firms will now require to update their financials

Corrtech International files draft papers with Sebi to raise funds via IPO

Corrtech International is one of the leading focused providers of pipeline laying solutions including hydrocarbon pipeline laying works in India

Banks, corporate treasuries dial in for LIC IPO, signal all-round interest

The country's largest public offer has seen strong interest from investors who queued up to be part of the roadshows organised by the Centre's battery of merchant bankers.

SoftBank's Arm to lays off up to 15% staff members as it readies for IPO

The British company will shed 12 per cent to 15 per cent of staff in the UK and the US, Chief Executive Officer Rene Haas said in a memo to staff, according to a person familiar with the matter