Following the conclusion of its Rs 3,149-crore offer-for-sale share sale last week, Vedant Fashions, which owns the ethnic apparel brand Manyavar, is being listed on the NSE on Wednesday. The company’s market worth is estimated to be over Rs 21,000 crore at the high end of the IPO price range of Rs 866 per share. …
The anticipated mammoth public offering of LIC, along with a bearish market, has prompted other firms to postpone their IPO preparations. The LIC initial public offering, which is set to take place in March, is likely to raise more than Rs 70,000 crore in the main market. Most firms that had gotten clearance from SEBI …
On Tuesday, 15 February 2022, Macleods Pharmaceuticals reported that it had filed a DRHP (draft red herring prospectus) with SEBI for its IPO (initial public offering) of Rs. 5,000 crores. Let’s dwell on the details! Know About Macleods Pharma’s OFS! The IPO comprises an OFS (Offer for Sale) of 60.48 million shares (maximum) through the …
Several high-profile companies like Zomato, Nykaa, and Paytm proved to be poor investment choices in the long run. They tanked on the bourses, sinking investors money with them. This phenomenon led to regulators tightening the whip on IPO rules in the country. However, several other large corporations that were eager to join India’s IPO bonanza …
The stock market debut of Life Insurance Corporation of India (LIC) next month is expected to raise about $8 billion. This IPO news has sent shares of other insurance companies lower. The insurance and financial market experts believe that this major IPO could drag down the stocks of other insurers for around a year. On …
With LIC‘s mega Initial Public Offering (IPO) forthcoming, several companies have delayed their plans to open their IPOs. This is because LIC’s mega listing will reduce the liquidity of around $10 billion from the system. That is why many companies which had their draft papers approved by SEBI will wait for a while to successfully …
The calendar year of 2021 has been a landmark year for India’s share market as the record number of companies went public. The count stopped at 63, and the total amount gathered in this process was Rs. 1.18 lakh crores. The prediction for 2022 is not far from this metric, and experts believe a similar …
The government is expected to conduct a meeting to evaluate the IPO timeline in light of the intensifying Russia-Ukraine crisis. The much-anticipated initial public offering of state-run insurance behemoth Life Insurance Corporation of India (LIC) might be moved until the following financial year. According to insiders, a meeting for a possible LIC evaluation would be …
The government may postpone Life Insurance Corporation‘s massive initial public offering (IPO) until the next fiscal year, as the administration is expected to convene a meeting to reconsider the scheduling of the IPO in light of the intensifying Russia-Ukraine conflict. According to sources, the government is continuing its roadshows for the public offering. LIC’s initial …
The Securities and Exchange Board of India (SEBI) accepted Life Insurance Corporation’s (LIC) initial public offering (IPO) plan in 23 days, the quickest in sixteen years. According to SOURCES, the swift approval of the country’s biggest IPO to date has opened the path for faster approvals in future offerings, which would help IPO-bound firms. On …
