LIC IPO to open on May 4: Here's all you need to know
With this IPO, the government is looking to divest its 3.5% stake in the insurer by selling 22.13 crore shares.
Source: thenewsminute.com
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LIC's Public Offer Subscribed 1.74 Times On 5th Day Of Issue: 10 Points
The initial public offer (IPO) of Life Insurance Corporation (LIC) was subscribed 1.79 times on the fifth day of subscription on Sunday, May 8, 2022. Government plans to raise Rs 21,000 crore through the public issue and the insurance behemoth has unleashed a major awareness blitzkrieg, exhorting policy holders, employees as well as the general public to subscribe it wholeheartedly.
Source: ndtv.com
LIC's Public Offer Subscribed 1.79 Times On 5th Day Of Issue: 10 Points
The initial public offer (IPO) of Life Insurance Corporation (LIC) was subscribed 1.79 times on the fifth day of subscription on Sunday, May 8, 2022. Government plans to raise Rs 21,000 crore through the public issue and the insurance behemoth has unleashed a major awareness blitzkrieg, exhorting policy holders, employees as well as the general public to subscribe it wholeheartedly.
Source: ndtv.com
In the LIC IPO Process, a Snapshot of India's Political Economy
Nowhere in the world is the difference in market share between the largest and the second largest life insurer as stark – with the second largest player at only 8% compared to LIC's 64%.
Source: thewire.in
LIC IPO to Open on May 4, Price Band Set at Rs 902-949 a Share
The government aims to raise around Rs 21,000 crore from the public issue by divesting a 3.5% stake in the insurance giant.
Source: thewire.in