LIC fixes IPO price at Rs 949 apiece, listing could begin Tuesday
Mumbai/IBNS: Life Insurance Corporation (LIC), whose public issue ended Monday, has fixed its IPO price at Rs 949 apiece.
Grey market indicates LIC share prices could be offered at discount
Mumbai/IBNS: The share prices of Life Insurance Corporation (LIC) have slipped below the issue price in the grey market, therefore, indicating a discounted listing, according to media reports.
Mumbai/IBNS: The initial public offering (IPO) of Life Insurance Corporation, an Indian Statutory insurance and investment corporation, on Day 5 received a healthy response with the offer being oversubscribed 2.95 times, receiving a high rate of participation from tier 2 and tier 3 cities, according to Moneycontrol India.
Mumbai/IBNS: Day two of Life Insurance Corporation (LIC)'s Initial Public Offering (IPO), largest IPO on Dalal Street, witnessed a strong demand with issues being subscribed 97 percent, policyholders over subscribed by 2.87 times, and staff oversubscribed by 2.08 times, according to Moneycontrol.
LIC's IPO likely by 4th qtr of this financial year, says DIPAM Secretary
Mumbai/IBNS: State-backed Life Insurance Corporation's (LIC) IPO is expected to hit the market by the fourth quarter of the present financial year, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said Wednesday, media reported.