Swastika Investmart

  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 ...