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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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  IDBI Bank privatisation: Govt, LIC to sell 60.72% stake, invite bids

  Business | October 07, 2022 21:13 IST

  Life Insurance Corporation (LIC) holds 529.41 crore shares representing 49.24 per cent stake in IDBI Bank, while the government holds 488.99 crore shares or 45.48 per cent stake.

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  Govt 'concerned' about dip in LIC share price; calls it temporary blip

  June 11, 2022 15:02 IST

  Since the day of listing, LIC shares have remained below the issue price and had touched a low of Rs 708.70 and a high of Rs 920.

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  LIC share price continues to spiral down, investors lose Rs 1.23 lakh crore. Should you buy?

  June 07, 2022 18:40 IST

  LIC shareholders have lost around Rs 1,23,686 crore since its listing on May 17. The scrip is trading 20% lower than the IPO issue price.

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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 allotment declared, listing on May 17

  Business | May 13, 2022 16:19 IST

  The Initial Public Offering (IPO) of Life Insurance Corporation (LIC) closed on May 9 and shares were allocated to bidders on May 12. The government sold over 22.

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  Life insurers log new business premium growth of 84 pc in April, led by LIC

  Business | May 12, 2022 15:43 IST

  The largest insurer, state-owned LIC's first-year premium or new business premium more than doubled (at a 141 percent rise) to Rs 11,716 crore as against Rs 4,856.

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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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  RBI's sudden rate hike on first day of LIC IPO subscription churns out funniest memes & jokes

  Trending | May 05, 2022 13:07 IST

  RBI's sudden rate hike coinciding with the first day of LIC IPO subscription baffled marketers. Confused as to what is happening Twitterverse churned funny memes and jokes. Check out the best ones here.

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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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  LIC reaches its policyholders via SMS on IPO eve

  May 04, 2022 3:45 IST

  LIC has fixed the price band at Rs 902-949 per equity share for the issue. The offer includes a reservation for eligible employees and policyholders.

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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 owns 4% of all listed stocks in India, more government bonds than the RBI

  Business | May 02, 2022 19:59 IST

  As per a note by GEPL Capital on the LIC IPO, LIC invests these funds across stocks and bonds. They own 4 per cent of all listed stocks in India and more government bonds than the RBI.  

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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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  LIC IPO to open on May 4 and close on May 9: Sources

  Business | April 25, 2022 21:58 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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  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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  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.