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EXPLAINED: 6 | Vintage Vibes

Foreign investors shun LIC IPO over market risks

NEW DELHI: Foreign institutional investors have on the whole steered clear of India’s biggest share sale, deeming it too expensive given currency risks and the global market backdrop.

The Times of India

Fire breaks out at LIC building in suburban Mumbai

‘It was restricted to the second floor of the building,’ LIC said in a statement

The Hindu

LIC IPO's retail portion fully subscribed on day 3; offer closes on Monday

NEW DELHI: LIC's public offer, the country's biggest-ever IPO, witnessed full subscription of the retail portion on day three on Friday.

The Times of India

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Business: Retail portion of LIC IPO subscribed fully

The retail portion of LIC IPO, the country's biggest-ever, was subscribed fully in the first hour of bidding on day three on Friday. Full story on Dynamite News:

Dynamite News

LIC IPO fully subscribed on day 2 of bidding

NEW DELHI: India's biggest initial public offer (IPO) by insurance behemoth Life Insurance Corporation (LIC) was fully subscribed on day 2 bidding, data from exchanges showed.

The Times of India

LIC IPO undervalued by Modi govt, says Rahul Gandhi

NEW DELHI: Congress leader Rahul Gandhi on Thursday blamed the Modi government for undervaluing India's biggest initial public offering (IPO) by Life Insurance Corporation (LIC).

The Times of India

LIC public offer to remain open for subscription on Saturday and Sunday

NEW DELHI: LIC public offer will remain open for subscription even on weekend to enable people to participate in the mega IPO of the state-owned insurer.

The Times of India

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Staff members in all eight divisions of LIC protest

‘Govt. is desperate to sell shares of LIC to mop up resources for meeting fiscal deficit’

The Hindu

LIC employees stage protest in Dharwad opposing IPO

They say that the Government has undervalued it several times that would cause irreparable damage

The Hindu

LIC employees protest IPO

MYSURU

The Hindu

ASBA-designated bank branches to remain open on Sunday for LIC IPO: Reserve Bank

MUMBAI: Reserve Bank of India (RBI) has said that all ASBA-designated bank branches will remain open for public on Sunday to facilitate processing of applications for LIC's initial public offering.

The Times of India

LIC IPO: Policyholders' portion oversubscribed; overall subscription at 0.66% on day 1

NEW DELHI: LIC's public offer, the country's biggest-ever IPO, saw the policyholders' portion being oversubscribed on the first day itself on Wednesday, though overall subscription stood at just 0.66 per cent.

The Times of India

LIC IPO: Policyholders' portion oversubscribed; overall subscription at 66% on day 1

The Times of India

India's Biggest IPO Enjoys Analyst Confidence Thanks To Attractive Valuation, Retail Investor Discount

India's largest IPO has started taking orders from individuals and other categories after attracting anchor investors, Bloomberg reports. Retail investors can place their orders for shares of India's state-controlled Life Insurance Corporation until May 9. Also Read: India's Largest IPO Raises $736M Ahead of Listing, Attracts Foreign Investment Retail investors will be allocated 35%…

Benzinga

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The Hindu

LIC’s southern zone manager takes charge

G. Venkataramanan joined the insurance firm in 1989 as a direct recruit officer

The Independent UK

India's state insurance company to list in biggest IPO

India is selling shares in its largest state-owned insurer in its biggest initial public offering ever

The Hindu

Morning Digest | India, Denmark to strengthen Green Strategic Partnership; two tribal men beaten to death on suspicion of cow slaughter in M.P., and more

A select list of stories to read before you start your day

The Times of India

LIC IPO opens for retail investors today: All you need to know

NEW DELHI: At Rs 20,557 crore, the Life Insurance Corporation's (LIC) initial public offering (IPO), which opens for the retail investors today, is certainly the biggest till date in India.

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The Hindu

Letters to the Editor — May 4, 2022

Address unemployment

The Times of India

LIC reaches its policyholders via SMS on IPO eve

NEW DELHI: Ahead of its initial public offering (IPO), insurance behemoth LIC on Tuesday approached its policyholders through SMS and other medium to inform them about the share sale.

The Hindu

Congress questions undervaluation and timing of LIC IPO

Valuation reduced from ₹12 lakh crore-₹14 lakh crore in February to ₹6 lakh crore, party says

Benzinga

India's Largest IPO Raises $736M Ahead of Listing, Attracts Foreign Investment

India’s largest-ever public offering has attracted anchor investors, including Norway’s sovereign wealth fund and the Singaporean government, raising ₹56.3 billion ($736 million) ahead of its initial public offering, Bloomberg reports. The 123 anchor investors joining Life Insurance Corp of India’s IPO committed to purchasing shares at ₹949 per share, the top end of…

The Hindu

LIC is more than a corporate powerhouse

Creating employment opportunities for women is fundamental to LIC’s identity

The Times of India

LIC IPO price attractive; lot of growth potential: Chairman MR Kumar

NEW DELHI: LIC IPO pricing is very attractive and investors can look forward to returns in the years to come as the company has potential for growth, LIC chairman MR Kumar said on Friday.

The Times of India

Govt, Sebi to take call on relaxation in LIC meeting minimum public holding norm: Dipam Secy

NEW DELHI: The finance ministry will discuss with market regulator Sebi to exempt LIC from the minimum public shareholding norm, Dipam secretary Tuhin Kanta Pandey said on Friday.

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