You
would like to tell for the information of the people that Life Insurance
Corporation of India (LIC) has decided to do a price band of Rs 902-949 per
share for its initial public offering (IPO) of Rs 21,000 crore. Please note
that policyholders will also get a discount of Rs 60 in the IPO.
Along
with this, would like to tell that the discount for retail investors and
employees will be Rs 45, which has been told in some media reports.
According
to the information received, it has been said in a report that the IPO willopen on May 2 for anchor investors and for the rest from May 4 to 9, which will
have 10% (2.21 crore shares) of the issue.
For
policyholders, let us tell you that 0.15 crore shares have been reserved for
eligible employees and the government has also asked to raise about Rs 21,000
crore by selling 3.5% stake in LIC (22 crore shares).
LIC to file RHP on
April 27
According
to the information received from the sources, you would like to tell the people
that the Securities and Exchange Board of India (SEBI) has given its approval
to the updated draft red herring prospectus on 25 April and in which instead of5%, the stake sale will be of 3.5%. However, now the red herring prospectus can
be submitted only till April 27.
Road shows in 6
cities
According
to media reports, LIC Management and Investment Banker had asked to conduct
road shows in Mumbai, New Delhi, Bengaluru, Ahmedabad, Rajkot and Kolkata where
they will meet potential investors and analysts from Wednesday, apart from
online roadshows. will also be issued.
The plan was to
launch the IPO by March 2022.
According
to the information received from the sources, would like to tell that the
government had a plan to launch an IPO by March 2022, as you know that due to
the war between Russia and Ukraine, the market sentiment turned negative, in
view of which the government went into wait and watch mode. Went. But now that
the market has improved again, the sentiments have turned positive to some
extent.
Which will be the
biggest IPO
For
the information of the people, let us tell you that the issue of LIC will beconsidered as the biggest IPO ever in the Indian stock market and the
government has said that it can raise up to Rs 21,000 crore by selling 3.5%
stake of LIC.
Let
us tell you that after getting listed in this, the market valuation of LIC can
give competition to the top companies.
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