Page 14 - Lic Ipo

LIC is a flourishing money tree: IPO plan must not shake it too hard

LIC IPO: All too often in the past, the government has used the insurer LIC as its piggybank to buy shares in state companies nobody wanted

LIC IPO: DHRP filed with SEBI, govt to offload 5% stake

Sebi's approval for LIC IPO is expected to come in three weeks. The DHRP of the LIC IPO does not reveal the size of the IPO, but it is 100 per cent OFS with no fresh issue

Street signs: CSK shares trade between Rs 180-200, Lata sends Didi buzzing

Last week, a mutual fund house invited bids for selling 100,000 shares.

LIC IPO: Govt files draft papers to sell 5% for around Rs 63,000 crore

The government on Sunday filed the draft papers with regulator Sebi for LIC IPO, which is expected to hit the capital market in March. The government will sell over 31 crore equity shares of LIC, according to the draft red herring prospectus filed with Sebi. "The DRHP of LIC IPO has been filed today with the SEBI," Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey tweeted. The government aims to come out with the IPO and subsequent listing of Life Insurance Corporation (LIC) on bourses by March. A portion of the IPO would be reserved for anchor investors. Also, up to 10 per cent of the LIC IPO issue size would be reserved for policyholders. Actuarial firm Milliman Advisors LLP India had worked out the embedded value of LIC, while Deloitte and SBI Caps have been appointed as pre-IPO transaction advisors.

Market wrap: Sensex ends 460 pts up, Nifty tops 17,600 on dovish RBI policy

Nykaa slips 7.5% on 59% drop in Q3 net profit; Mahindra Lifespaces rallies 20% on plan to buy M&M land; Solara Active Pharma tanks 20% on weak Q3 results; Govt likely weighing 5% stake sale in LIC IPO

LIC share sale may fetch govt up to Rs 65,000 cr; DRHP filing likely today

LIC IPO: LIC could be valued between Rs 11 trillion and Rs 12 trillion

LIC IPO: DRHP unlikely to reveal size of IPO; Board to meet again on Sunday

LIC IPO: After approval from the insurance regulator, the draft will be checked again and placed before the LIC board on Sunday

Top headlines: LIC IPO, BSE500 headline P/E falls, Tata Steel's NINL bid

Business Standard brings you the top headlines at this hour.

Anchor investor talks for mega LIC IPO to start next week: Report

LIC IPO: Banks plan to file the draft IPO prospectus with the markets regulator by the first week of December, once the embedded value of the firm is finalised, say sources

Govt aims to privatise 5-6 PSUs in FY22, LIC IPO expected by Q4: DIPAM Secy

Tuhin Kanta Pandey said the government is aiming to close the privatisation of BEML and Shipping Corp of India in FY22

'LIC IPO expected to hit market by Q4FY22,' says DIPAM Secretary

The government will invite financial bids for privatising as many as many as six CPSEs, including BPCL, BEML and Shipping Corp, by January, a top government official said on Wednesday. Tuhin Kanta Pandey, Secretary in the Department of Investment and Public Asset Management (DIPAM), also invited private players to bid for the CPSEs, which are up for privatisation, along with transfer of management control. After 19 years, we will see 5-6 privatisation this year. BPCL is in the due diligence stage. BEML, Shipping Corp, Pawan Hans, Central Electronics, NINL financial bids can take place in December-January so that we can close it by this year itself, Pandey said. Speaking at the CII Global Economic Policy Summit 2021, the secretary said the initial public offering of Life Insurance Corporation (LIC) is expected in the January-March quarter of this fiscal. On LIC IPO, we are working very hard. For the capital market, it will be a very big event in the first quarter of 2022, Pandey ...

Banks to reach out to anchor investors for LIC IPO after Paytm delay

LIC IPO: Bankers, government officials and LIC staff are working around the clock to complete the preparatory work for the IPO and ensure there's enough demand for the mega sale

LIC provisions up, NPAs down ahead of listing: FY21 annual report

LIC's revenue or total income growth in FY21 was the best in five years

LIC IPO unlikely to take place this fiscal due to delay in valuation

The government is unlikely to come up with LIC IPO in the current financial year ending March 2022, as the valuation of the state-owned behemoth is taking more than anticipated time

LCI IPO: Valuation delay, likely to push IPO plan beyond FY22

LIC IPO: There are still some issues that need to be addressed with regard to the valuation of LIC, a senior official said

LIC IPO on course, to be out in Q4FY22: DIPAM Secy refutes media reports

The LIC IPO is expected to become the biggest one in India

IPO IPO: LIC boasts Rs 37-trillion AUM before overseas investors

LIC IPO: Profit after tax (PAT) went up 6.9 per cent to Rs 2,906.77 crore in FY21, its annual report showed.

LIC IPO: LIC to take glide path for surplus transfer from next year

LIC IPO: The government plans to list LIC, which is held to be the country's largest listing, in the last quarter this financial year

Centre likely to miss divestment target again as BPCL remains unsold

The Centre expects to mop up nearly Rs 1 trillion from LIC's IPO

Govt to review, simplify FDI policy to facilitate LIC IPO: DPIIT secy

LIC IPO: Currently, FDI of 74% is permitted in most Indian insurers. However, the rules don't apply to LIC as it is a special entity created by an act of parliament