LIC IPO Date: The much-awaited preliminary public providing (IPO) of Life Insurance coverage Company of India (LIC) obtained in-principle approval from the board. Nevertheless, the board has reportedly requested for sure clarifications on the draft paper, in keeping with studies. The board is predicted to satisfy once more over the weekend to take the ultimate resolution on LIC IPO draft prospectus. As soon as the board clear the draft doc, the centre will file it with the market regulator.
LIC IPO draft pink herring prospectus (DRHP) will be filed with
Securities and Trade Board (Sebi) over the weekend or on February 15, in keeping with sources.
India is leaving no stone unturned to make the biggest-ever itemizing a sucess. From tweaking capital market guidelines to checking all the mandatory particulars to keep away from additional delay, the preparations for ‘mom of all IPOs’ are in full swing.
How Huge will probably be LIC IPO?
The embedded worth of the Life Insurance coverage Company of India has been set at over Rs 5 lakh crore. The valuation of LIC IPO is more likely to be three to 5 occasions the embedded worth. On the present value, the LIC might command a valuation of over Rs 15 lakh crore put up itemizing in keeping with consultants.
LIC IPO: How a lot Stake Govt will Sale?
At current, the federal government owns 100 per cent stake in LIC. The federal government is planning to dump round 5 per cent of shares, in keeping with individuals aware of the matter. LIC IPO will probably be completely provide on the market. The federal government plans to supply 316 million shares of the 6.32 billion shares and no contemporary inventory will probably be issued.
LIC IPO: What Traders Ought to Know
LIC policyholders more likely to get an opportunity to have a share at India’s greatest IPO at a reduced charges. The federal government is planning to supply a reduction of 5 per cent to its policyholders within the LIC IPO. The retail buyers and workers are additionally more likely to get some concession on the value band.
A report variety of 34 lakh demat accounts have been opened in January forward of the mega LIC IPO. “Brokers are giving low cost on the IPO value, which has pushed a number of policyholders to hurry to brokers to open their demat accounts. The LIC ipo goes to open a contemporary entry of recent retail buyers within the inventory market. Practically 10 million functions are anticipated from retail buyers for the LIC IPO,” mentioned vice chairman and head of analysis, ShareIndia.