Page 8 - Lic Ipo
LIC IPO: Insurers reaches out to its policyholders on eve of public offer
Ahead of its initial public offering, insurance behemoth LIC on Tuesday approached its policyholders through SMS and other medium to inform them about the share sale. The Initial Public Offering (IPO) of LIC opens for retail and institutional investors on Wednesday and will 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 also get a discount of Rs 45 per equity share and policyholders will get a discount of Rs 60 per 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 filed red herring prospectus(RHP) dt 26.4.22 with SEBI/Stock Exchanges for its IPO reserving shares for eligible policyholders. For details & risks in investing in LIC IPO and disclaimers, see RHP and links....," said the SMS sent by the insurer to the ...
 "LIC IPO: Insurers reaches out to its policyholders on eve of public offer")
Demographic blows to fuel life insurance industry, subscribe LIC IPO: Samco
The insurance behemoth aims to protect its market share through increased focus on bancassurance and enhancing direct sales of its products on its website
 "Demographic blows to fuel life insurance industry, subscribe LIC IPO: Samco")
Top headlines: IMF on India's $5-trn economy aim, drop in MGNREGA demand
Here are the top headlines on Tuesday
 "Top headlines: IMF on India's $5-trn economy aim, drop in MGNREGA demand")
LIC IPO: Over 70% of anchor allotment made to domestic mutual funds
LIC raises a total of Rs 5,627 crore in anchor book; overseas funds pour in just Rs 1,624 crore
 "LIC IPO: Over 70% of anchor allotment made to domestic mutual funds")
Valuation, market share: Why investors should opt for LIC's scaled-down IPO
The insurer has growth potential, underestimated embedded value and the government sell its stake in the company again
 "Valuation, market share: Why investors should opt for LIC's scaled-down IPO")
LIC's $2.7-billion IPO set to be the fifth-biggest globally in CY22
Dubai Electricity and Water Authority's (DEWA's) $6.1-billion IPO in March is currently the third biggest public offering for the year, followed by China National Offshore Oil Corporation's (CNOOC's)
Top Headlines: LIC oversubscribed by anchor investors; HDFC profit up 16%
LIC got off to a good start with the $732 million of shares reserved for anchor investors oversubscribed. While HDFC Ltd reported a 16% net profit in 4th quarter. Read more on these our top headlines
 "Top Headlines: LIC oversubscribed by anchor investors; HDFC profit up 16%")
LIC IPO off to a good start as anchor investors oversubscribe: Report
The Indian government has said it expects to raise up to $2.74 billion, just a third of its original target, from selling a 3.5% stake in LIC in the country's biggest initial public offering (IPO)
After LIC, Delhivery likely to launch downsized public offering in May
Delhivery's IPO will be second biggest this year after LIC
 "After LIC, Delhivery likely to launch downsized public offering in May")
LIC IPO gets bids from large investors for twice the anchor book
The LIC IPO aims to price shares between 902 rupees and 949 rupees each
 "LIC IPO gets bids from large investors for twice the anchor book")
Banks, FIs will have to factor cross-holding norms for investing in LIC IPO
State-owned insurer is a significant investor in banks' capital, especially in public sector lenders.
 "Banks, FIs will have to factor cross-holding norms for investing in LIC IPO")
Ahead of LIC IPO, Paytm Money lets HNIs place Rs 5 lakh of bids via UPI
The company said it is also offering free demat accounts for lifetime to all
 "Ahead of LIC IPO, Paytm Money lets HNIs place Rs 5 lakh of bids via UPI")
GIC Pte, ADIA and Norway Sovereign Wealth Fund to invest in LIC IPO
Norges Bank Investment Management, GIC Pte and Abu Dhabi Investment Authority will be among the anchor names due to be announced Monday, the people said, asking not to be identified
Centre, Sebi to discuss exempting LIC from public shareholding norm
The government is also not looking to dilute any further stake in LIC for at least a year
 "Centre, Sebi to discuss exempting LIC from public shareholding norm")
Over 25 anchor investors evinced interest for LIC issue offer: Official
The proposed maiden public offer by state-owned Life Insurance Corporation of India (LICI) has received interests from more than 25 anchor investors both foreign and domestic, an official said
 "Over 25 anchor investors evinced interest for LIC issue offer: Official")
FinMin, Sebi to decide on relaxating LIC minimum public holding: DIPAM Secy
The Finance Ministry will discuss with market regulator Sebi to exempt LIC from the minimum public shareholding norm, DIPAM Secretary Tuhin Kanta Pandey said
 "FinMin, Sebi to decide on relaxating LIC minimum public holding: DIPAM Secy")
Top Headlines: India airspace coordination, blockbuster M&As, and more
Business Standard brings you the top headlines at this hour
 "Top Headlines: India airspace coordination, blockbuster M&As, and more")
LIC eyes investments from corporate and bank treasuries in IPO
Insurance behemoth has over 1% holding in 47 Nifty50 firms
LIC IPO: 12 million policyholders have demat accounts, says report
The LIC has set a price band of Rs 902-Rs 949 per equity share. The government intends to raise Rs 21,000 crore through the issue
 "LIC IPO: 12 million policyholders have demat accounts, says report")
Left parties attack govt over LIC IPO, allege 'scam', 'sell off'
Left parties on Thursday attacked the government over its move to float the LIC IPO alleging that it was a "scam" and a "sell-off".