Latest News
-
Rs 25/Share Dividend Payout: Multibagger Small Cap Tata Stock Declares 52.6% Jump In Q4 PAT -
Wipro Q4 Results: Cons PAT Up 5% QoQ To Rs 2,834.6 Crore, Revenue Guidance Weaker Than Estimates -
How To Apply Your Voter ID Card Online: Quick Guide For Indian Citizens -
Emmforce Autotech IPO Debut April 23: Issue Size, Price Band, Check Details? -
1:5 Stock Split: PSU Bank Fixes Record Date For First Ever Stock Split; Buy For Rs 650-680 Targets -
Closing Bell: Market Stages Smart Recovery, Sensex & Nifty Snap 4-Day Losing Streak Led By HDFC Bank -
Hindustan Zinc's Quarterly Profits Dive 21% Amid Global Metal Price Slump, Shares Plummet; Buy Or Not? -
IRFC, RVNL, IRCTC, Railtel: Railway Stocks In Focus As Election Polls Begin; Mega Rs 10-12 Lakh Crore Plan -
Rs 14/Share Dividend: Stockbroking Co To Consider Bonus Share, Shares Up 126% In 180-Days -
Varyaa Creations IPO Set To Shine: Boasts Robust GMP Of Rs 100
LIC IPO Date: LIC IPO To Likely Launch On May 4
The much awaited IPO of the largest public insurer LIC is likely to launch on May 4, CNBC TV18 reported. The report added that while the issue shall close for subscription of May 9, the anchor book will open on May 2.
Further as per the news channel, the market watchdog has given its approval for the revised DRHP as per which stake sale in the company shall be to the tune of 3.5% as against 5% as mentioned in the earlier draft papers. Also, as per the sources, there shall be no green shoe option.
The fully state run public issue through the issue plans to mop up Rs. 21000 crore by selling 22 crore equity shares i.e. equivalent to a 3.5% stake sale.
Further as per the leading news channel, the company's board shall meet up this week to decide on the IPO price band. The red herring prospectus shall be submitted with the SEBI by April 27.
The government targeting to mop up the aforesaid amount expects a valuation of Rs. 6 lakh crore for the insurer.
GoodReturns.in
