Page 9 - Lic Ipo
Government likely to take a call on timing of LIC IPO within this week
The government is likely to take a call on the timing of LIC initial public offering within this week, a senior official said. The sale of 5 per cent stake or 31.6 crore shares in the country's largest insurer was originally planned for in March, but was postponed in view of the geopolitical tension. The government has time till May 12 to launch the IPO without filing fresh papers with markets regulator Sebi. The official said it would be a tough call to decide whether to go ahead with the retail and domestic investor demand or to wait for geopolitical tension to ease and FIIs to return to market. "A decision on timing the IPO would be taken this week," the official told PTI. LIC's embedded value, which is a measure of the consolidated shareholders' value in an insurance company, was pegged at about Rs 5.4 lakh crore as of September 30, 2021, by international actuarial firm Milliman Advisors. There were estimates made in certain quarters that LIC's market valuation would be about
 "Government likely to take a call on timing of LIC IPO within this week")
For LIC IPO, govt may ask regulators to ease new norms on investments
May ask Sebi and RBI for relaxing rules regarding anchor lock-in, Rs 1-crore cap on IPO financing
 "For LIC IPO, govt may ask regulators to ease new norms on investments")
LIC's first-year premium grew by 7.92% to Rs 1.99 trillion in FY22
The market share of LIC stood at 63.25% in total first year premium for financial year 2021-22
 "LIC's first-year premium grew by 7.92% to Rs 1.99 trillion in FY22")
Govt shortlists up to 60 anchor investors for LIC's share sale
Price discovery estimates insurer's value at around Rs 7 trillion
 "Govt shortlists up to 60 anchor investors for LIC's share sale")
Top headlines: Telcos slam Trai, Rs 1,900 cr deficit may hit infra projects
Business Standard brings you top headlines on Wednesday
 "Top headlines: Telcos slam Trai, Rs 1,900 cr deficit may hit infra projects")
IPO-bound LIC plans to cross-sell policies via housing finance arm
This would be by selling insurance products to home buyers who avail loans from LIC Housing Finance
LIC IPO launch likely in mid- or end-April; decision may come soon
Dipam deems situation suitable for listing
 "LIC IPO launch likely in mid- or end-April; decision may come soon")
Top headlines: Nifty firms' Q4 profit to surge, LIC IPO launch likely soon
Business Standard brings you the top headlines this morning
 "Top headlines: Nifty firms' Q4 profit to surge, LIC IPO launch likely soon")
Top headlines: India Inc divided over new apps, tax revenues at record high
Business Standard brings you the top headlines this morning
 "Top headlines: India Inc divided over new apps, tax revenues at record high")
LIC IPO: Government advisors seek large investors' views on valuation
Merchant bankers have been asked to submit views of investors on LIC's valuation by as early as Monday, said an official
 "LIC IPO: Government advisors seek large investors' views on valuation")
Block, stock, and trades: Block trades gather steam and what this suggests
Investment bankers say successful execution of large block trades is a healthy sign and could pave the way for large initial public offerings (IPOs) and additional fund-raising by listed companies
 "Block, stock, and trades: Block trades gather steam and what this suggests")
Centre unlikely to dilute stake in LIC for at least 2 years after IPO
The move is to woo investors, avoid pressure on stock
 "Centre unlikely to dilute stake in LIC for at least 2 years after IPO")
Top headlines: Zomato speaks on CCI probe; India blocks 22 YouTube channels
Business Standard brings you the top headlines on Tuesday
 "Top headlines: Zomato speaks on CCI probe; India blocks 22 YouTube channels")
Govt considers seeking Rs 50,000 cr in mega LIC IPO next month: Report
The government is discussing selling as much as a 7% stake in LIC through the listing, say people with knowledge of the matter
 "Govt considers seeking Rs 50,000 cr in mega LIC IPO next month: Report")
Top headlines: HDFC-HDFC Bank mega merger, India's export boom explained
The Centre may increase the allotment of its shares in the IPO of LIC. More on that and other stories in our top headlines this morning.
 "Top headlines: HDFC-HDFC Bank mega merger, India's export boom explained")
LIC IPO: Govt may increase allotment size to align offer with Sebi's rules
The market regulator has approved LIC's updated draft red herring prospectus (DRHP), paving the way for the Centre to file the red herring prospectus (RHP) for India's biggest IPO.
After 2021 boom, how 2022 could be a year of reckoning for Indian startups
After the boom of 2021, when 44 Indian startups became unicorns, the markets are more selective and investors less enthusiastic in participating at unrealistic valuations
 "After 2021 boom, how 2022 could be a year of reckoning for Indian startups")
Post record Rs 1.1 trn FY22 IPO fundraise, next fiscal may set new record
54 companies plan to raise Rs 1.4 trillion in FY23 after 52 Indian corporates raised an all-time high Rs 1.11 trillion through initial public offers (IPOs) in FY22, Prime Database report said
 "Post record Rs 1.1 trn FY22 IPO fundraise, next fiscal may set new record")
Market swings throw Indian firms' 2022 listing plans off track
Firms will now require to update their financials
 "Market swings throw Indian firms' 2022 listing plans off track")
Top Headlines: LIC IPO in 2-3 weeks; Boeing 737 on 'enhanced surveillance'
The government is expecting the launch of the initial public offering (IPO) of Life Insurance Corporation of India (LIC) in two to three weeks
 "Top Headlines: LIC IPO in 2-3 weeks; Boeing 737 on 'enhanced surveillance'")
