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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 · May 4, 2022

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 · May 4, 2022

LIC’s southern zone manager takes charge

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

The Hindu · May 4, 2022

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 Times of India · May 3, 2022

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

The Hindu · May 3, 2022

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…

Benzinga · May 3, 2022

LIC is more than a corporate powerhouse

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

The Hindu · May 2, 2022

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 · Apr 29, 2022

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.

The Times of India · Apr 29, 2022

India's biggest-ever LIC IPO: 5 FAQs answered

NEW DELHI: The much-awaited initial public offering (IPO) of Life Insurance Corporation (LIC) of India is all set to open in the first week of May.

The Times of India · Apr 29, 2022