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Valuation, market share: Why investors should opt for LIC's scaled-down IPO

The insurer has growth potential, underestimated embedded value and the government sell its stake in the company again

LIC's $2.7-billion IPO set to be the fifth-biggest globally in CY22

Dubai Electricity and Water Authority's (DEWA's) $6.1-billion IPO in March is currently the third biggest public offering for the year, followed by China National Offshore Oil Corporation's (CNOOC's)

LIC IPO off to a good start as anchor investors oversubscribe: Report

The Indian government has said it expects to raise up to $2.74 billion, just a third of its original target, from selling a 3.5% stake in LIC in the country's biggest initial public offering (IPO)

Street signs: TaMo may be added to Sensex, LIC GMP edges higher, and more

The grey market premium (GMP) for shares of Life Insurance Corporation of India (LIC) has firmed up in the past few days

LIC IPO gets bids from large investors for twice the anchor book

The LIC IPO aims to price shares between 902 rupees and 949 rupees each

Over 25 anchor investors evinced interest for LIC issue offer: Official

The proposed maiden public offer by state-owned Life Insurance Corporation of India (LICI) has received interests from more than 25 anchor investors both foreign and domestic, an official said

LIC will be fifth most-valued firm post IPO with m-cap of Rs 6 trillion

Valuation fair and attractive; won't dilute stake for a year: Govt

LIC IPO will see record demat account openings in India: Paytm Money CEO

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

Money on the table

LIC is seeking lower valuation

LIC shares at 5-7% premium in grey market, may rise further, say observers

They said shares were changing hands at Rs 1,000 apiece as against an expected IPO price of Rs 950

Waning demand for LIC IPO highlights fiscal challenges for PM Modi

Life Insurance Corporation of India's board on Saturday approved selling a 3.5% stake for about Rs 210 billion ($2.8 billion), far lower than the Rs 500 billion estimated before Russia invaded Ukraine

Top headlines: LIC valuation, Ola to recall units, and more

Read out the top news headlines and other important topics for the day and related information in the section below.

Valuation of IPO-bound LIC based on global peers' m-cap, return prospects

The government believes LIC's valuation would surge, following the insurer's lisiting

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

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

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

New business premium income of insurance cos up 13% at Rs 3.14 trn in FY22

Twenty four life insurance companies had a total premium income of Rs 2,78,277.98 crore from new business in the previous fiscal

IDBI Bank seeks shareholders' nod for 10-fold hike in MD & CEO salary

Private lender IDBI Bank has proposed a nearly 10-fold hike in the salary of its managing director and CEO Rakesh Sharma who had been instrumental in bringing the bank out of the RBI's restrictive prompt corrective action (PCA) framework. The bank has sought the approval of its shareholders through a postal ballot which started on April 6 and will end on May 5, 2022, to pass the ordinary resolution, among others. The lender, in which LIC holds a majority stake, will declare the results of the postal ballot on or before May 7, 2022. Members' permission is also sought to re-appoint Sharma as the MD & CEO for another three years with effect from March 19, 2022. The bank proposes for approval of the members to transact special business through postal ballot only by way of voting through electronic means, to consider and, if thought fit, to pass as ordinary resolution for re-appointment of Rakesh Sharma as a non-rotational director and Managing Director & Chief Executive Officer ..

Govt shortlists up to 60 anchor investors for LIC's share sale

Price discovery estimates insurer's value at around Rs 7 trillion

Centre unlikely to dilute stake in LIC for at least 2 years after IPO

The move is to woo investors, avoid pressure on stock