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The Latest Breaking News from LIC

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

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

LIC’s southern zone manager takes charge

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

The Hindu

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India's state insurance company to list in biggest IPO

India is selling shares in its largest state-owned insurer in its biggest initial public offering ever

The Independent UK

Morning Digest | India, Denmark to strengthen Green Strategic Partnership; two tribal men beaten to death on suspicion of cow slaughter in M.P., and more

A select list of stories to read before you start your day

The Hindu

LIC IPO opens for retail investors today: All you need to know

NEW DELHI: At Rs 20,557 crore, the Life Insurance Corporation's (LIC) initial public offering (IPO), which opens for the retail investors today, is certainly the biggest till date in India.

The Times of India

Letters to the Editor — May 4, 2022

Address unemployment

The Hindu

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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

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

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

LIC is more than a corporate powerhouse

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

The Hindu

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

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

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

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The Times of India

6.48 crore policyholders keen to buy LIC IPO, says official

BENGALURU: Ever since the Life Insurance Corporation (LIC) announced launching the initial public offering (IPO), 6.48 crore LIC policyholders have shown interest to get the much-touted share of the largest insurance company in the country, an official said.

The Hindu

Opposition parties flay Centre for LIC IPO

Scaling down of valuation of share was done under pressure from international investors out to make a quick buck, says CPI(M)

The Times of India

Explained in 5 charts: India's biggest-ever IPO, price band, discounts

NEW DELHI: India's biggest ever initial public offer (IPO) by Life Insurance Corporation (LIC) of India is finally here.

The Times of India

Sensex, Nifty decline nearly 1% on profit booking in IT, financial shares

MUMBAI: Benchmark stock indices sensex and Nifty tumbled nearly 1 per cent on Wednesday due to profit booking in banking, financial and IT stocks after a recent rally.

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Dynamite News

LIC IPO price band at Rs 902-949 per share; offer opens on May 4

Life Insurance Corporation (LIC) has set its price band for the Initial Public Offer (IPO) at Rs 902 to Rs 949 per equity share. The public offer starts on May 4 and will remain open for bidders till May 9. Read more on Dynamite News:

The Times of India

LIC IPO to open on May 4, policyholders to get Rs 60 discount: All you need to know

NEW DELHI: Life Insurance Corporation (LIC) will launch its initial public offering (IPO) on May 4, and close it on May 9. The price band has been set between Rs 902 and Rs 949. The issue will open to anchor investors on May 2.

The Times of India

LIC IPO: Price band fixed at Rs 902-949; policyholders to get Rs 60 discount

NEW DELHI: The price band for Life Insurance Corporation's (LIC) mega initial public offering (IPO) has been set at Rs 902-949, news agency Reuters reported quoting sources.

The Times of India

LIC IPO to likely to open on May 4: Report

NEW DELHI: The much awaited initial public offering (IPO) of Life Insurance Corporation (LIC) of India is likely to open on May 4, news agency Reuters reported quoting sources.

The Times of India

Irdai asking insurance companies to go for listing to raise capital: Chairman

MUMBAI: Insurance Regulatory and Development Authority of India (Irdai) has asked insurance companies to go for listing to improve their access to capital, its chairman Debasish Panda said on Thursday.

The Hindu

Protest marches, demonstrations mark day one of strike

Members of trade unions and employees associations respond to call in Haveri, Gadag and Dharwad districts

The Times of India

Kolkata Metro: East-West Sealdah link gets CRS nod, Poila Baishakh start likely

KOLKATA: East-West Metro's Sealdah section is likely to be operational from Poila Baishakh - April 15 - after Metro Railway general manager Arun Arora said on Fri-day that the stretch has received the green signal from the Commissioner of Railway Safety (CRS).

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