LIC's underwriters have seen muted interest during early meetings with potential anchor investors, says Bloomberg.
'If the Indian economy will grow at 6-7 per cent, one can expect a growth of 5-10 per cent in earnings for most companies'
LIC had over 282 million policies in force as of September 30, 2021, but policyholders tend to have more than one policy
Prior to Agrawal's appointment, Shubhangi Sanjay Soman was executive director, finance and accounting. The position of Executive director F&A has been changed to CFO as LIC gets set to list
Merchant bankers say situation not ripe for IPO of this size
Indian embassy in Ukraine asked all Indian nationals to leave Kharkiv immediately on the basis of information from the Russian side
SBI Life shares settled 5.7 per cent higher at Rs 1,120, whereas HDFC Life 7.0 per cent up at Rs 560
'If global considerations warrant that I need to look at it (LIC IPO), I wouldn't mind looking at it again,' says FM
NHAI & AAI, which are not registered as companies, also likely to benefit
Domestic brokerages are pulling all stops to cash in on the excitement around LIC's initial public offering (IPO).
The existing FDI policy did not prescribe any specific provision for foreign investment in LIC, which is a statutory corporation established under LIC Act, 1956
The initial public offering of over 316 million shares or 5% government stake is likely to hit D-street in March
The initial public offering of over 31.6 crore shares or 5 per cent government stake is likely to hit D-street in March
Domestic institutional investors, including mutual funds, are keeping their powder dry to invest in LIC's offering
The government will closely monitor the Ukrainian crisis before taking any decision, the official added
"The LIC IPO will suck liquidity from the market. That's another reason that you will see the markets getting volatile," said Girotra.
Most analysts see several headwinds for the markets that can keep them choppy over the next few months, which is not an ideal scenario for an issue the size of LIC to sail through easily
As of January 31, top five fund houses held Rs 23,245 crore in cash, or 4% of their total equity assets
Potential conflicts of interest issues are taking centre-stage in the IPO roadshows that began last week and are expected to go on till the end of the month
On February 13, the state-owned insurer filed draft papers with capital markets regulator Sebi for the sale of a 5 per cent stake by the government for an estimated Rs 63,000 crore