Page 9 - Life Insurance Corporation

LIC may file preliminary IPO prospectus today, price band on Wednesday

LIC management and the investment bankers will embark on road shows in six cities across India - including Mumbai, New Delhi, Bengaluru, Ahmedabad, Rajkot, Kolkata

LIC board to meet Tuesday for IPO dates, issue likely opens May 4

The government will sell its 3.5 per cent equity in LIC for Rs 21,000 crore, valuing India's largest insurer at Rs 6 trillion

Lower dilution may dash LIC's marquee index inclusion hopes

For a quick entry into the Sensex, a company needs to rank among the top 10 in terms of free-float market cap.

Most large global investors may give LIC's initial public offering a miss

But would consider investment after assessing post-listing performance

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

LIC IPO size may be cut to Rs 21K cr; issue likely to hit market on May 2

The insurance giant's valuation may be reduced to just Rs 6 trillion, which will be 1.1 times its embedded value of Rs 5.4 trillion

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

Top headlines: Four rate hikes likely in FY23, 'Tata Neu' an instant hit

Business Standard brings you the top headlines this morning

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

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

LIC IPO launch likely in mid- or end-April; decision may come soon

Dipam deems situation suitable for listing

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: 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.

IDBI Bank plans to raise up to Rs 3,000 crore through AT1 bonds

The private sector lender will also raise up to Rs 1,000 crore via infrastructure bonds to fund projects and affordable housing.

Govt updates LIC IPO draft papers with Q3 nos; net profit at Rs 235 cr

The IPO was originally planned to be launched in March, but the Russia-Ukraine crisis has derailed the plans as stock markets are highly volatile

LIC IPO: Too 'precious' to lower face value of India's crown jewel

LIC management can decide on stock split after listing

Kerala Assembly passes unanimous resolution against LIC IPO

Chief Minister Pinarayi Vijayan, who moved the resolution in the Assembly, opined that leaving the insurance giant to the interests of private players would not be beneficial to the country

Banks, corporate treasuries dial in for LIC IPO, signal all-round interest

The country's largest public offer has seen strong interest from investors who queued up to be part of the roadshows organised by the Centre's battery of merchant bankers.

Govt planning mega LIC IPO by mid-May after markets calm down: Report

A market volatility index for India around 15 will be a comfortable level for the government to launch the IPO, says a source

LIC may need to be revalued if the listing is pushed beyond May

The government is hopeful of bringing out India's largest IPO before May