LIC of India is planning to go public by the end of this financial year. The proposed IPO is going to be the biggest share sale in India. Per Chief Economic Adviser, K.V. Subramanian, the LIC IPO could bring in nearly Rs. 1 lakh crores for the government. For this IPO, GOI permitted to raise …
The government’s decision to divest LIC is part of its plan to churn out Rs. 1.75 lakh crores by selling assets of state-run entities within this financial year. Founded in 1956, the Life Insurance Corporation of India is the largest state-run life insurer. The government had declared the proposal to sell minority shares of LIC …
Hospitality firm OYO says that it is already conducting background work to launch its initial public offering (IPO). However, the decision to go ahead will depend on several factors, including market readiness, market appetite, COVID recovery, and the company’s internal readiness. About the company OYO is an Indian multinational chain of franchised and leased hotels, …
One of India’s technologically advanced new-age supply-chain and logistics start-ups, Delhivery is gearing up for its IPO between December 2021 and March 2022. Even though the details of its IPO are yet to be finalised, it is expected to be around $400 million to $500 million. Delhivery is on course to join a series of …
According to updates, the LIC of India is all set to create a database of policyholders who could be eligible for 10% of the reserved allotment issue in its upcoming IPO. This database will help avoid duplication among LIC’s policyholders. This move will offer policyholders the opportunity to become a shareholder of LIC of India. …
As Flipkart gears up to list publicly, it has already raised a whopping $3.6 billion through a pre-IPO round, which is the most by any e-commerce company. This news comes exactly 3 years after Walmart acquired a majority stake of the online storefront. The monumental acquisition in 2018 came after Walmart injected $16 billion in …
The yoga guru and founder of Patanjali Ayurved, Baba Ramdev, has said in a recent interview that the Patanjali IPO is in contention but not confirmed yet. According to him, the decision to launch this IPO will be finalised by the end of this financial year. Currently, he is busy with Ruchi Soya’s Rs. 4300 …
An Overview In the wake of several concerns raised about Zomato’s successful IPO, SEBI Chairman Ajay Tyagi said on Thursday that recent public offerings demonstrate the maturity of the Indian market, which is accepting the business model of new age tech companies, which may not be valued using traditional profitability metrics. He noted that successful …
The initial public offering of Tatva Chintan Pharma, a speciality chemical manufacturer, was concluded on Tuesday, 20 July 2021. It witnessed a mammoth 180.36 times subscription, which propelled it to become the second-most subscribed IPO in 2021, after MTAR technologies. Following an IPO’s closure, it takes about 6 days for the allotment to be finalised. …
The Chairman of PFRDA, Mr. Supratim Bandyopadhyay, has mentioned in his recent interview that they are drafting new rules allowing pension fund managers to invest in the open market. These rules, when finalised, will enable fund managers to invest in IPOs, and listed companies as they deem fit. Why this Sudden Change? As per current …
