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  The Life Insurance Corporation of India, which debuted in the main market with a bang, has now entered the Dalal Market. The top insurance firm in India is presently experiencing a bad market sentiment after being placed on stock exchanges. Because the offer was oversubscribed 2.95 times, it began trading on exchanges at Rs 872 per share, down 8.11 percent from the SME IPO price of Rs 949. As dealers begin to monitor the grey market, investors should temper their expectations for state-run insurers to list, as sentiments are harmed by low subscription numbers and a chaotic market. There are no listing gains for LIC investors, according to the Grey market. The Navratna corporation has already reduced its size, anticipating dwindling investor interest following the Russia-Ukraine conflict. But even that couldn't save it from the Indian Central Bank's surprise rate hike and a slew of other global factors that weighed on the stock market. The grey market has lost interest in sto...

  Swastika comes with the fresh information of Life Insurance Corporation of India’s initial public offering (IPO) which will hit the market next month.  Here, we will discuss the latest  LIC IPO  Updates including issue, closing, allotment date and more. The IPO comprises over 31.6 crore shares or five per cent of the government’s stake in the insurance behemoth.  India is all set to launch the country’s largest-ever public offering, as the state-run Life Insurance Corporation of India (LIC) filed a Draft Red Herring Prospectus (DRHP) with the SEBI for selling a five per cent stake by the government.  Employees and policyholders of the insurance giant would get a discount over the floor price. For this, it is mandatory that the policy should have been issued on or before February 13, 2022. Investors must link PAN to the policy by February 28, 2022 Know more about LIC IPO  with our experts, Contact Us – 0120 4400777   About LIC IPO Latest Informat...

  Updates of LIC IPO LIC; the biggest insurer and investment company of India come with the biggest LIC IPO updates. The company has filed DRHP with SEBI to increase its funds through an initial public offering.  The IPO consists of an offer by the Government of India to sell up to 316.25 million shares. LIC’s IPO is expected to be the largest IPO in India to date.  After listing, LIC will become the largest company by market capitalization. It will surpass the largest issue so far by digital payments company One97 communications or Paytm which raised Rs 18,300 Crore in November 2021.  What is the  LIC IPO ?  LIC – India’s largest investment and insurance corporation are all set to launch its IPO on 11 March 2022.  The company is a big name in the insurance sector as it currently operates through 8 zonal and 113 divisional offices. Through its IPO, LIC firstly aims to address working capital requirements. Secondly, it is required to meet its corporate ...

The much-awaited IPO of the largest insurance company will be coming at the end of the current financial year. This can only be done after the government finishes the process of disinvestment of at least three PSUs. As per the economic time’s reports, three companies National Fertilizers Limited, Mishra Dhatu Nigam Limited and Rashtriya Chemical and Fertilizers Limited will get divested through a simpler method called to offer for sale or OFS before the launching of  LIC IPO .  A senior finance ministry official has declared that the  LIC IPO   will hit the market in the next year, adding that other issues will be completed before all necessary applications are in place.  It may be noted that LIC had got principle approval from the cabinet committee on the economic affairs before the launching of LIC IPO. As per the news source, it is estimated that the 10% stake sale of LIC would generate a whopping amount of Rs 1 Crore to 1.5 Crore. To launch the LIC IPO, the ...