Life Insurance Corporation of India said on 3rd March that it has chosen insurance veteran Sunil Agrawal as its new chief financial officer ahead of its big IPO debut, according to sources. Starting in March 2022, he has been appointed on a contract basis. In September 2021, LIC advertised for the recruitment of a CFO …
The long-awaited IPO of Life Insurance Corporation of India, which was originally scheduled to launch in the financial year 2021-22 is likely to be postponed to FY 2022-23. The reason the government is planning to delay the launch is uncertain times prevailing due to the geopolitical tensions between Russia and Ukraine. The financial markets around …
According to DIPAM Secretary Tuhin Kanta Pandey, the government aims to conduct the LIC IPO as soon as stock market volatility caused by Russia’s invasion of Ukraine subsides. The Securities and Exchange Board of India has given LIC’s DRHP “prima-facie” approval, subject to the fulfillment of certain conditions, Pandey said during an industry engagement. “We …
The most talked-about IPO of recent time, Zomato IPO, made a stellar debut in the stock exchanges. On listing, the shares rallied 66 percent and debuted at Rs 125.85 premium against the issue price of Rs 76. The offer received a 38x overall subscription. With the substantial listing gain, the company’s market capitalization value crossed …
PolicyBazaar, India’s largest online insurance aggregator has filed its draft red herring prospectus (DRHP) with SEBI. It aims to raise Rs. 6,017.50 crores via an initial public offering. The IPO will consist of a fresh issue of Rs. 3,750 crore shares along with an offer for sale (OFS) of Rs. 2,267.50 crores by its current …
Incorporated in 1984, Five Star Business Finance Ltd (FSBFL) is an NBFC-ND-SI (Non-Banking Finance Company) providing secured business loans to micro-entrepreneurs and self-employed individuals. The company has an extensive network of 311 branches, as of June 30, 2022, spread across 8 states and 1 UT and approximately 150 districts across India, with Tamil Nadu, Andhra …
Incorporated in 2003, Sula Vineyards Limited is Indias largest wine producer and seller as of March 31, 2022. The company also distributes wines under a bouquet of popular brands including “RASA,” “Dindori”, “The source,” “Satori”, “Madera” & “Dia” with its flagship brand “Sula” being the “category creator” of wine in India. The companys business is …
Incorporated in 2009, Archean Chemical is a leading specialty marine chemical manufacturer in India and focused on producing and exporting bromine, industrial salt, and sulphate of potash to customers around the world. Company is the largest exporter of bromine and industrial salt by volume in India in Fiscal 2021. Its marinechemicals business is predominately conducted …
Incorporated in 2008, Kaynes Technology India Limited (KTIL) is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturing company. The company having capabilities across the entire spectrum of electronics system design and manufacturing (“ESDM”) services. Company operates under four different business verticals namely (1) OEM – Turnkey Solutions – Box Build (2) OEM – Turnkey …
Incorporated in 1994, Fusion Micro Finance Limited (FML) is one of the youngest companies among the top NBFC-MFIs in India in terms of AUM. FML is engaged in providing financial services to unserved and underserved section of society. The company has achieved a significant footprint across India, where they have extended reach to 2.90 million …
