Page 15 - Lic Ipo

What does the country's largest IPO of LIC mean for investors and govt?

After two years of preparation, the govt on Sunday approached SEBI to sell 5% stake in Life Insurance Corporation through Initial Public Offering. It expects to collect Rs 60,000 cr through this move

TMS Ep108: LIC IPO, Vaibhav Gupta of Udaan, nervous FIIs, OTT platform

What does the LIC IPO mean for investors and govt? What's Vaibhav Gupta's plan for Udaan's journey to market debut? What is making FIIs nervous? What is OTT platform? Find all answers here

LIC disinvestment: Right and wrong

The central government is disinvesting 5 per cent of the shares of the Life Insurance Corporation of India (LIC)

Ensuring transparency

LIC's listing will have multiple benefits

IPO-bound LIC saw Rs 23,246-crore profit from investment sale in H1FY22

In first six months of FY22, LIC's income from investments, which includes gross income from interest and dividends, rent, net profit on sale/redemption of investments totalled Rs 1.49 trillion.

IPO-bound LIC set to alter pecking order of top companies at bourses

LIC will become either the largest or third-largest listed stock in the domestic markets and will get a quick entry into MSCI and FTSE indices

Govt delaying IRDAI chief appointment to rush LIC IPO: People's Commission

Says previous IRDAI chief retired in May 2021 and FinMin had been planning the IPO well before chief's post fell vacant, but did not name a successor even after 8 months

LIC IPO: Insurer gets until Jan 2023 to dispose of 'other investments'

LIC is mandated to transfer those investments to shareholders' fund at amortised cost, 90 days after such investments are reclassified as "other investments", which it is yet to be undertaken.

Ukraine-Russia tensions send indices in tailspin; Sensex cracks 1,747 pts

The NSE Nifty50, on the other hand, breached below the 16,850-mark to end 532 points, or 3.06 per cent, lower at 16,843. This was the indices biggest intra-day fall since November 26, 2021

IPO going to be very positive development in LIC history, says Sitharaman

Moving one step closer to initial public offering (IPO), LIC on Sunday filed draft papers with the market regulator Securities and Exchange Board of India (SEBI)

LIC IPO: Global market sell-off raises stakes for India's biggest listing

Landing the listing, which is slated for next month, will test India's capital markets at a time when about $5 trillion has been wiped out from global equities

LIC is a flourishing money tree: IPO plan must not shake it too hard

LIC IPO: All too often in the past, the government has used the insurer LIC as its piggybank to buy shares in state companies nobody wanted

LIC IPO: DHRP filed with SEBI, govt to offload 5% stake

Sebi's approval for LIC IPO is expected to come in three weeks. The DHRP of the LIC IPO does not reveal the size of the IPO, but it is 100 per cent OFS with no fresh issue

Street signs: CSK shares trade between Rs 180-200, Lata sends Didi buzzing

Last week, a mutual fund house invited bids for selling 100,000 shares.

LIC IPO: Govt files draft papers to sell 5% for around Rs 63,000 crore

The government on Sunday filed the draft papers with regulator Sebi for LIC IPO, which is expected to hit the capital market in March. The government will sell over 31 crore equity shares of LIC, according to the draft red herring prospectus filed with Sebi. "The DRHP of LIC IPO has been filed today with the SEBI," Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey tweeted. The government aims to come out with the IPO and subsequent listing of Life Insurance Corporation (LIC) on bourses by March. A portion of the IPO would be reserved for anchor investors. Also, up to 10 per cent of the LIC IPO issue size would be reserved for policyholders. Actuarial firm Milliman Advisors LLP India had worked out the embedded value of LIC, while Deloitte and SBI Caps have been appointed as pre-IPO transaction advisors.

Market wrap: Sensex ends 460 pts up, Nifty tops 17,600 on dovish RBI policy

Nykaa slips 7.5% on 59% drop in Q3 net profit; Mahindra Lifespaces rallies 20% on plan to buy M&M land; Solara Active Pharma tanks 20% on weak Q3 results; Govt likely weighing 5% stake sale in LIC IPO

LIC share sale may fetch govt up to Rs 65,000 cr; DRHP filing likely today

LIC IPO: LIC could be valued between Rs 11 trillion and Rs 12 trillion

LIC IPO: DRHP unlikely to reveal size of IPO; Board to meet again on Sunday

LIC IPO: After approval from the insurance regulator, the draft will be checked again and placed before the LIC board on Sunday

Top headlines: LIC IPO, BSE500 headline P/E falls, Tata Steel's NINL bid

Business Standard brings you the top headlines at this hour.

Anchor investor talks for mega LIC IPO to start next week: Report

LIC IPO: Banks plan to file the draft IPO prospectus with the markets regulator by the first week of December, once the embedded value of the firm is finalised, say sources