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  IPOs in 2022: Fund mobilisation halves to Rs 57,000 cr; new year may be even quieter

  Business | December 20, 2022 15:44 IST

  Year ender 2022: The overall collection would have been much lower had it not been for the Rs 20,557-crore LIC public offer, which constitutes as much as 35 per cent of the total amount raised during the year.

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  Paytm can't use IPO proceeds for buyback; company's strong liquidity to be used

  Business | December 11, 2022 12:42 IST

  Paytm has a liquidity of Rs 9,182 crore, as per its last earnings report. The company's board is scheduled to meet on December 13 to consider a share buyback proposal.

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  Sebi extends approval to THESE four companies for initial public offerings

  Business | October 17, 2022 20:20 IST

  The companies have received their respective observation letters from Sebi, according to an update on the regulator's website as on October 14. In Sebi's parlance, issuance of the observation letter implies the go-ahead from the regulator for the proposed IPO.

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  Sula Vineyards files IPO papers with Sebi

  Business | July 16, 2022 16:13 IST

  The company distributes wines under a bouquet of popular brands such as Sula, its flagship brand, besides other popular brands like RASA, Dindori, The Source, Satori, Madera & Dia.

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  LIC's weak market debut after record IPO invites hilarious memes on Twitter, 'Oye chuna lga diya'

  Trending | May 17, 2022 12:48 IST

  The shares of insurance sector giant Life Insurance Corporation of India (LIC) debuted on the stock exchanges on a weak note on Tuesday. This led to the bombardment of hilarious memes and jokes on the social media platforms. Take a look!

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  LIC IPO subscribed 1.79 times on Day 5

  Business | May 08, 2022 20:56 IST

  Against 16,20,78,067 shares on offer, 29,08,27,860 bids were received, according to the data posted on stock exchanges at 7 pm. However, the Qualified Institutional Buyer (QIB) category is yet to be fully subscribed.

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  LIC IPO's retail portion fully subscribed on day 3; offer closes on Monday

  Business | May 06, 2022 21:26 IST

  Subscription for non-institutional investors' segment stood at 76 per cent, while that for QIBs' portion was lower at 56 per cent.

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  LIC IPO fully subscribed on day 2; offer closes on May 9

  Business | May 05, 2022 20:00 IST

  Against 16,20,78,067 shares on offer, 16,25,35,125 bids were received, making the public issue fully subscribed, as per data on stock exchanges as of 6.24 pm.

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  LIC IPO: Policyholders' portion oversubscribed; overall subscription at 67% on day 1

  Business | May 04, 2022 20:40 IST

  The government aims to generate about Rs 21,000 crore by selling 3.5 per cent stake in the insurance behemoth. LIC's initial public offering (IPO), open for retail and institutional investors, is set to close on May 9. The issue period also includes bidding on Saturday, May 7.

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  Ahead of mega LIC IPO, Congress targets govt for 'undervalued shares'

  India | May 03, 2022 19:33 IST

  Congress general secretary and chief spokesperson Randeep Surjewala asked why did the government reduce LIC valuation from Rs 12-14 lakh crore in February to Rs 6 lakh crore in just two months.

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  LIC fixes price band at Rs 902-949 a share for Rs 21,000 crore IPO

  Business | April 26, 2022 19:28 IST

  The government had in February planned to sell s 5 percent stake or 31.6 crore shares of the insurance behemoth and had filed draft papers with Sebi.

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  Govt to sell 3.5% stake in LIC, IPO to fetch Rs 21,000 cr

  Business | April 23, 2022 21:29 IST

  The issue size is expected to be worth Rs 21,000 crore, valuing the country's largest insurer at Rs 6 lakh crore.  

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  IPO fundraising at highest ever in 2021-22

  Business | March 27, 2022 14:26 IST

  IPOs from new age loss-making technology startups, strong retail participation and huge listing gains were the other key highlights of 2021-22.

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  Govt has time till May 12 to launch LIC IPO without seeking fresh Sebi approval

  Business | March 13, 2022 14:34 IST

  If the government misses the May 12 window available with it, LIC would have to file fresh papers with Sebi giving the results of December quarter and also update the embedded value.

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  LIC IPO: Govt may defer launch to next fiscal amid Russia-Ukraine war, say experts

  Business | March 06, 2022 11:55 IST

  The government was looking to sell 5 per cent stake in Life Insurance Corporation (LIC) this month, which could have fetched over Rs 60,000 crore to the exchequer. The IPO would have helped meet the curtailed disinvestment target of Rs 78,000 crore this fiscal.

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  LIC IPO launch update: Govt may defer due to Russia-Ukraine crisis, wait for opportune time

  Business | March 02, 2022 19:31 IST

  Finance Minister Nirmala Sitharaman too had indicated review of the IPO in view of the evolving geopolitical situation. "Ideally, I would like to go ahead with it because we had planned it for some time based purely on Indian considerations," Sitharaman had said in an interview with the Hindu Business Line.

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  Cabinet allows up to 20% FDI in IPO-bound LIC: Sources

  Business | February 26, 2022 20:29 IST

  The decision in this regard was taken by the Union Cabinet, chaired by Prime Minister Narendra Modi. The government has approved listing of shares of LIC on the stock market through an IPO by part-sale of its stake in the insurer and raising fresh equity capital.

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  LIC IPO: Govt to sell 31 crore equity shares in one of India's largest sales

  Market | February 13, 2022 23:57 IST

  LIC's listing is crucial for the government to meet the lowered revenue estimates of Rs 78,000 crore for the current financial year. The government had an initial target of Rs 1.75 lakh crore from the disinvestment proceeds.

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  Adani Wilmar IPO opens today, edible oil major plans to raise up to Rs 3,600 crore

  Business | January 27, 2022 11:29 IST

  The public issue, comprising fresh equity shares, will open for subscription on January 27 and close on January 31.Price band is Rs 218-230 per share.

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  LIC IPO to hit markets by March; draft papers to be filed with Sebi by January end

  Business | January 13, 2022 19:17 IST

  LIC IPO is crucial for meeting the ₹1.75-lakh crore disinvestment target set for the current financial year ended March 2022.