Page 23 - Latest Updates on IPO
LIC offers opportunity for policyholders to revive lapsed policies
Policies, which are in a lapsed condition during the premium paying term and not completed policy term, are eligible to be revived in this campaign
 "LIC offers opportunity for policyholders to revive lapsed policies")
Vedant Fashions IPO subscribed 14% on opening day on retail interest
The retail portion of the issue was subscribed 22%, while institutional and HNI were subscribed 6% each
 "Vedant Fashions IPO subscribed 14% on opening day on retail interest")
Manyavar owner Vedant Fashions IPO: Know price, GMP, size, other details
Vedant Fashions will open for subscription on February 4. From IPO price to Vedant Fashions IPO GMP, here's all you need to know
 "Manyavar owner Vedant Fashions IPO: Know price, GMP, size, other details")
SCI, BPCL among CPSEs to be privatised in FY23; 3 IPOs lined up: DIPAM Secy
The 2022-23 Budget has projected a disinvestment target of Rs 65,000 crore for next financial year, which is significantly lower than the estimated Rs 1.75 lakh crore budgeted for 2021-22
 "SCI, BPCL among CPSEs to be privatised in FY23; 3 IPOs lined up: DIPAM Secy")
LIC's embedded value set at over Rs 5 trn: DIPAM Secretary
Investors are eagerly waiting for the government to indicate LIC's embedded value when it releases the IPO draft prospectus, expected in a matter of days
 "LIC's embedded value set at over Rs 5 trn: DIPAM Secretary")
Manyavar owner Vedant Fashion IPO: Brokerages have mixed ratings
Vedant Fashion's IPO will be open for subscription from February 04 to February 08, in the price band of Rs 824 to Rs 866 per share.
 "Manyavar owner Vedant Fashion IPO: Brokerages have mixed ratings")
Working group monitoring back-end tech readiness for LIC IPO: DIPAM Secy
In a Q&A, Tuhin Kanta Pandey that as crores of applications are expected, testing to that scale is needed to avoid hiccups in the application process and movement of funds
 "Working group monitoring back-end tech readiness for LIC IPO: DIPAM Secy")
Budget 2022: Slashed asset sale target raises questions about LIC IPO
'We should not conjecture on size of LIC IPO as valuation still underway,' says DIPAM Secretary
Adani Wilmar IPO subscribed 17.4 times on heavy HNI, shareholder interest
The firm has set price band at Rs 218-230 per share. At the top-end, the company's market cap works out to nearly Rs 30,000 crore
 "Adani Wilmar IPO subscribed 17.4 times on heavy HNI, shareholder interest")
Top headlines: LIC gets IPO-ready, NBFCs brace for headwinds, and more
Business Standard brings you the top headlines at this hour.
Getting IPO-ready: LIC boosts shareholders' corpus to Rs 6,600 crore
The move is to ensure a much larger shareholder base ahead of IPO
 "Getting IPO-ready: LIC boosts shareholders' corpus to Rs 6,600 crore")
Centre extends tenure of IPO-bound LIC's chairman by one more year
The government has extended the tenure of chairman of IPO-bound LIC by one more year with a view to facilitate smooth listing of the insurance behemoth, sources said.
 "Centre extends tenure of IPO-bound LIC's chairman by one more year")
Manyavar owner Vedant Fashions sets IPO price band at Rs 824-866 per share
The initial share-sale will open on February 4 and conclude on February 8
 "Manyavar owner Vedant Fashions sets IPO price band at Rs 824-866 per share")
Adani Wilmar IPO subscribed 1.13 times on the second day of offering
The IPO of up to Rs 3,600 crore is in a price range of Rs 218-230 per share
Adani Wilmar plans to buy local food brands with funds from upcoming IPO
Small part of proceeds will also go towards expanding its edible oil capacity in eastern India, where its capacity utilisation is high and the market is growing at a fast pace
 "Adani Wilmar plans to buy local food brands with funds from upcoming IPO")
Centre seeks regulatory fast track for LIC ahead of India's largest IPO
How successful any LIC stock sale will be, however, remains an open question
Sensex falls 884 pts from day's high, ends 77 pts down; Nifty holds 17,100
For the week, the Sensex and the Nifty indices are down 3% each
 "Sensex falls 884 pts from day's high, ends 77 pts down; Nifty holds 17,100")
China halts several IPO plans as it investigates underwriter, law firm
Exchange disclosures showed 12 plans in Shanghai's tech-heavy STAR Market and 48 in Shenzhen's start-up market ChiNext were suspended
 "China halts several IPO plans as it investigates underwriter, law firm")
BoAt-owner Imagine Marketing files papers for Rs 2,000-crore IPO
Imagine Marketing, owner of consumer electronics brand BoAt, has filed a preliminary prospectus with capital markets regulator Sebi to raise Rs 2,000 crore through an initial public offering (IPO).
 "BoAt-owner Imagine Marketing files papers for Rs 2,000-crore IPO")
Adani Wilmar IPO gets 57% retail subscription on Day-1
Institutional portion subscribed 30%, HNI 54% and retail quota 96%
