Page 7 - Lic Ipo
Bank unions protest RBI order to keep branches open Sunday for LIC IPO
Bank officers union AIBOC has objected to the RBI's decision to open ASBA-designated branches on Sunday to facilitate subscription to the public offer of LIC
 "Bank unions protest RBI order to keep branches open Sunday for LIC IPO")
Sensex sheds 867pts, Nifty 272pts; IT, financials crack; ITC bucks trend
The Midcap and Smallcap indices declined over 2 per cent each; The breadth too favoured the bears in 3:1 ratio.
 "Sensex sheds 867pts, Nifty 272pts; IT, financials crack; ITC bucks trend")
RBI asks ASBA designated bank branches to remain open on Sunday for LIC IPO
LIC's IPO will remain open for subscription even on the weekend, given the large amount the government is looking to raise from the market
 "RBI asks ASBA designated bank branches to remain open on Sunday for LIC IPO")
LIC IPO fully subscribed on day 2 of opening; offer closes on May 9
Sees participation from 3.6 mn individual investors; policyholders lead
 "LIC IPO fully subscribed on day 2 of opening; offer closes on May 9")
Top headlines: LIC IPO to be fully subscribed, Mumbai's power woes ease
Logistics major Delhivery's Rs 5,235-crore IPO opens for subscription on Wednesday. More on that in our top headlines.
 "Top headlines: LIC IPO to be fully subscribed, Mumbai's power woes ease")
LIC's record IPO set to be fully subscribed as valuation drives demand
By Thursday, the second day of the offering, investors had already put in orders for 90% of the shares for sale in India's biggest IPO.
 "LIC's record IPO set to be fully subscribed as valuation drives demand")
Sensex falls 865pts from day's high, ends flat; RIL dips 2%, IT stocks gain
CLOSING BELL: Around 3:30 PM, the mega IPO of Life Insurance Corporation (LIC) was subscribed 91 per cent with policyholders' quota seeing a subscription of 2.79 times
 "Sensex falls 865pts from day's high, ends flat; RIL dips 2%, IT stocks gain")
LIC listing to result in increased transparency of its operations: Moody's
"We see the arrival of external shareholders with experience of the insurance industry as a further key benefit of the IPO," Moody's said.
 "LIC listing to result in increased transparency of its operations: Moody's")
Top headlines: Lending rates to rise, half a dozen IPOs in May after LIC
Business Standard brings you the top headlines at this hour
 "Top headlines: Lending rates to rise, half a dozen IPOs in May after LIC")
Half a dozen IPOs in May after LIC; Rs 28,960-crore projected mop-up
With Rs 28,960-crore projected mop-up, month to be second-best for fund-raising
 "Half a dozen IPOs in May after LIC; Rs 28,960-crore projected mop-up")
After a 16-yr low of 14.9% in 2019, LIC's private sector investments rise
LIC's private sector share of investments had touched a 16-year low of 14.9 per cent in 2019, an analysis by the Reserve Bank of India showed.
 "After a 16-yr low of 14.9% in 2019, LIC's private sector investments rise")
Positive start: LIC's mega share sale subscribed 67% on first day
Interestingly, LIC's IPO will remain open for subscription even on the weekend, given the large amount the government is looking to raise from the market
 "Positive start: LIC's mega share sale subscribed 67% on first day")
LIC IPO Day 1: Issue subscribed 66%; policyholders' portion oversubscribed
LIC's public offer, the country's biggest-ever IPO, saw the policyholders' portion being oversubscribed on the first day itself on Wednesday, though overall subscription stood at just 66%
 "LIC IPO Day 1: Issue subscribed 66%; policyholders' portion oversubscribed")
Sensex tanks 1,307pts on RBI's sudden 40bps rate hike; Nifty breaks 16,700
Meanwhile, the mega LIC IPO was off to a steady start, with policyholder and employee segment receiving strong response on Day 1 of the offer period.
 "Sensex tanks 1,307pts on RBI's sudden 40bps rate hike; Nifty breaks 16,700")
LIC IPO: GMP falls 40% in a week; can investors see a listing pop?
Analysts anticipate volatility in the grey market to moderate after the US Federal Reserve (US Fed) clears uncertainty over rate hike in its May meeting
 "LIC IPO: GMP falls 40% in a week; can investors see a listing pop?")
LIC IPO sees 27% subscription in two hours, muted non-institutional demand
The non-institutional category, consisting of corporates, individuals, and others has seen muted demand, with only 5 per cent subscription so far
LIC IPO opens today. 5 other PSU stocks you can bet on for strong gains
These 5 PSU stocks can jump as much as 25 per cent from the current levels, provided the overall market momentum stays strong
 "LIC IPO opens today. 5 other PSU stocks you can bet on for strong gains")
LIC IPO subscription to stay open on Saturday for retail investors
Retail investors will be alloted 35% of the total shares in the offer, and given a discount of 45 rupees from the IPO price
 "LIC IPO subscription to stay open on Saturday for retail investors")
What makes LIC IPO a long-term investment bet?
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.
 "What makes LIC IPO a long-term investment bet?")
What makes LIC IPO a long-term investment bet?
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.