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Government has directed all bank branches designated to process ASBA - Application Supported by Blocked Amount - applications to be kept open for public on May 8
The offer will close on May 9 and there will be bidding on May 7
SEBI has issued a circular recently to streamline the way shareholders can pay IPO processing fees through the UPI.
The initial public offering (IPO) of Life Insurance Corporation (LIC) of India is the most awaited share sale of this year. A decision on the date of LIC IPO is expected to be taken by the end of this week. The IPO has been deferred time and again due to high volatility and unfavourable stock market conditions which could hamper the proceeds from the share sale. However, investors are upbeat about the prospects of the IPO, which could fetch them handsome returns. Here's a look at five things to know before applying for the LIC IPO.
Are you willing to invest in an initial public offering (IPO)? Here is good news for you. Investors will be allowed to apply in IPOs through Unified Payments Interface (UPI) mode for up to Rs 5 lakh per application. This is according to an announcement made by the Securities and Exchange Board of India (Sebi).