LIC IPO: Grey market premium falls 90% ahead of lisiting
LIC shares were selling at a premium of just ₹10 in the unregulated grey market amid weakness in the equity market, in line with global peers.
lic ipo news
May 2022
April 2022
March 2022
Sea of exemptions to LIC IPO open a can of worms
The ambiguity caused by the special treatment to LIC will make it easier for others to seek exemptions as there are no rules that define the basis on which exemptions may be granted or denied
LIC IPO subscribed 1.2 times on Day 3; booking open on Sat, Sun
RBI has requested all bank branches designated to process ASBA applications be kept open to the public to facilitate bidding for LIC IPO.
LIC IPO to be listed on May 17: DIPAM Secy
On the reduced size of the offer, DIPAM Secy Tuhin Kanta Pandey says it's the right size considering the current market. With even this size, the LIC IPO is the biggest in India so far, he adds.
LIC IPO: Policyholders get ₹60 discount; all you need to know
For policyholders to bid for the LIC IPO, they must have a demat account, which has been linked to their permanent account number (PAN) present in LIC records.
It's official! LIC IPO to open on May 4; to sell 3.5% stake
LIC IPO issue opens for subscription on May 4, 2022, and the price band has been fixed at ₹902-949 apiece.
LIC IPO size cut by one-third, valuation by half
The reduced valuation of the IPO along with the current despondency of the market raise questions over the prudence and the necessity of launching an IPO of a crown jewel like LIC.
LIC IPO set for a May launch? What we know so far
Even with a reduced issue size, LIC will be the largest IPO in the country, outdoing Coal India’s ₹15,500 crore IPO in 2010 and Reliance Power’s ₹11,700 crore IPO in 2008.
LIC IPO to come before May 12 deadline; 5% stake on offer
LIC has time till May 12 to float the LIC IPO, following which SEBI's approval to issue a public offer will cease.
LIC files updated draft IPO papers with SEBI
Shortly after SEBI's approval of its DRHP, LIC had released the financial results for the December quarter, requiring changes in the draft document for the IPO.
