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Life Insurance Corporation of India's (LIC's) landmark Rs 21,000-crore IPO will open for subscription on Wednesday
Valuation fair and attractive; won't dilute stake for a year: Govt
The investor interest has been quite good. It is especially good as far as the domestic investors are concerned: M R Kumar
Compared to Rs 60 discount under policyholder quota, you will get Rs 45 discount under these
But allows a few exemptions, such as a 30-day lock for anchor investors
Big push for new demat accounts likely to come from smaller cities and towns, as many investors will open them only to apply for the IPO
Expected to list with m-cap of Rs 6 trillion - making it world's fourth biggest
LIC is seeking lower valuation
The government is selling 221,374,920 shares in LIC, aiming to raise around Rs 21,000 crore
Except for Max Financial Services other insurance related shares seem to be on a weak ground, indicate technical charts.
The LIC IPO may finally hit the primary market on May 4. Experts believe it will get a good response from both retail and institutional investors. Find out if you should take a slice of this pie.
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Here are the top headlines on Wednesday morning
The initial public offering (IPO) of the state-owned insurer is a billion dollars short of its projection last week, and a third of the more than $8 billion it initially planned to raise in February
They said shares were changing hands at Rs 1,000 apiece as against an expected IPO price of Rs 950
While analysts remain mixed on how the government's largest-ever IPO would perform on Dalal Street, they expect the issue to sail through as the markets have staged strong recovery from March lows.
LIC IPO price band likely to be set at Rs 902-949 a share
LIC management and the investment bankers will embark on road shows in six cities across India - including Mumbai, New Delhi, Bengaluru, Ahmedabad, Rajkot, Kolkata