Keep money set aside for the LIC IPO, since it will be a fantastic investment opportunity; the IPO will take place on this date.
The central government is preparing for the launch of the Life Insurance Corporation of India’s Initial Public Offering (IPO) (LIC). According to media sources, LIC’s initial public offering (IPO) would take place in March. The initial public offering (IPO) is expected to begin around March 15.
LIC IPO: If you’re looking forward to the Life Insurance Corporation of India’s (LIC) Initial Public Offering (IPO), then this is the news for you. According to LIC executives, the company’s initial public offering (IPO) will most likely take place in March 2022. According to reports, LIC’s initial public offering (IPO) would take place in March. The initial public offering (IPO) is expected to begin around March 15.
The draught will be presented by LIC before the end of January.
According to PTI, the government would offer the draught to the market regulator SEBI by the end of January for approval. On Thursday, a source close to the situation claimed that LIC’s financial data for July-September 2021 is being finalised. Aside from that, the fund distribution procedure is ongoing.
By the end of the current fiscal year, it is expected to arrive.
According to reports, a LIC official stated that the draught proposal for the initial public offering (IPO) will be submitted to the Securities and Exchange Board of India (SEBI) by the end of this month. The LIC IPO is expected to happen before the end of the current fiscal year. The LIC IPO (lic ipo news) is critical in terms of meeting the current financial year’s disinvestment objective of Rs 1.75 lakh crore. The government has only been able to raise Rs 9,330 crore so far through the sale of many public sector enterprises (PSUs).
A total of ten merchant bankers have been appointed.
The government hired ten merchant bankers in September to handle the initial public offering of the country’s largest insurance firm, LIC. Goldman Sachs, Citigroup, and Nomura are among them. Cyril Amarchand Mangaldas was appointed as a legal advisor at the same time. In July of last year, the Cabinet Committee on Economic Affairs approved the disinvestment of LIC. It is anticipated to be the country’s largest initial public offering (IPO) to date.
LIC policyholders will benefit from the IPO, as they will have the best chance of purchasing shares.
The LIC, a government-owned insurance corporation, will go public next month. The government has also submitted a draught to SEBI in this regard. At the same time, a 10% reserve has been set up for policyholders.
LIC, the central government-controlled insurance firm, is planning an initial public offering (IPO) next month. The central government has filed its draught document (DRHP) for the LIC’s initial public offering (IPO) with the market regulator SEBI. In which it is stated that LIC will make a significant offer to its policyholders.
In fact, according to the draught for LIC’s IPO filed with SEBI, the business will have a total of 632 crore shares, of which about 31.6 crore will be sold through the IPO. LIC is currently taking good care of its policyholders as a result of this. According to the draught, it is intended to preserve a 10% reserve for LIC policyholders, or around 3.16 crore shares. Simultaneously, 1.5 crore shares will be held in reserve for LIC workers.
Tuhin Kanta Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM), has previously stated that in the impending LIC IPO, reservations will be offered to policyholders. For the time being, it is obvious that, as a result of the reservation in the impending LIC IPO, individuals who are LIC policyholders should be able to access the IPO easily.
The government is currently making every effort to have this LIC IPO happen before March 31. Finance Minister Nirmala Sitharaman had mentioned the prospect of a LIC IPO during her budget presentation in Parliament in early February. The government has issued SEBI instructions that the draught of the LIC IPO should be approved within three weeks.
