The initial public offering of LIC (Life Insurance Corporation) is going to be the biggest one that India has ever witnessed so far. Several individuals across the nation have bought policies from this company just to be eligible to participate in this event. With such hype and enthusiasm among investors, one should be aware of …
Campus Shoes IPO Campus Activewear Ltd, founded on September 24, 2008, specializes in the production, distribution, and sale of athletic and athletic-inspired footwear. In FY21, it was one of India’s leading sports and athleisure footwear brands in terms of value and volume, with a 17 percent market share in this category. In FY20, revenue increased …
Campus Activewear, the leading athleisure and sports brand in India, aims to fetch around Rs. 1,400 crores from its public offer. On 25 April 2022, the IPO has already raised Rs. 418.3 crores from anchor investors. The issue has obtained bids for 2.92 crore equity shares against an offer of 3.36 crores equity shares. Learn …
The IPO of Rainbow Group was subscribed 12.43 times as of 29 April 2022 or the closing day. It comprises a total of 25,49,00,439 bids against an offer of 2,05,14,617 equity shares to its investors, based on the official portal of NSE. With the offer for sale in this public issue, Dinesh Kumar Chirla, Padma …
The public offering of India’s largest life insurance provider, LIC, was subscribed 2.93 times on 9th May 2022, the final bidding day. The company acquired bids for 47,50,61,265 equity shares against an issue size of 16,20,78,067 shares. LIC is a government-owned company offering insurance products as well as non-participating products, which include ULIPs, term insurance …
DIPAM (Department of Investment and Public Asset Management) states that the LIC IPO is going to be the biggest initial public offering that the Indian stock market has ever witnessed. In fact, after the largest insurer in the country lists its shares on the bourses, the company’s market valuation may climb up to the ranks of …
The government has modified the Foreign Exchange Management Act’s limits, enabling up to 20% foreign direct investment in the insurance giant LIC. The administration seeks to sell a part of its LIC stock in an IPO. In February, the LIC filed the DRHP for the IPO with the markets regulator SEBI. Last month, SEBI accepted …
A few policyholders from Nashik seeking a stay on the anticipated LIC IPO were denied ad-interim relief by the Bombay High Court. The High Court heard a petition to overturn revisions to the Life Insurance Corporation Act of 1956 enacted by the Finance Act of 2021. The petitioners also requested an ad-interim suspension of the …
Ruchi Soya Industries, a Patanjali-backed FMCG business, raised Rs 1,290 crore from 46 anchor investors on 23rd March ahead of its follow-on public offering (FPO). The public subscription period for the offer will begin on 24th March. The FPO will consist only of a new issue of equity shares to public investors, with no component …
According to BSE statistics, foreign investors have withdrawn the majority of their bids, while high net worth and ordinary investors have seen just a slight retreat in Ruchi Soya Industries Ltd’s follow-on public offering. As of March 30, 14,583 applications totaling 9.74 million shares have been withdrawn, according to the statistics. 7.86 million offers were …
