WebJul 22, 2024 · As per the new SEBI rule, on a Rs 10 lakh crore market capitalisation yardstick, LIC will have to make an issue of Rs 55,000 crore (Rs 10,000 crore plus 5% of Rs 9 lakh … WebApr 30, 2024 · - LIC IPO price: The GoI has fixed LIC IPO price band at ₹ 902 to ₹ 949 per equity share. - LIC IPO lot size: A bidder will be able to apply in lots and one LIC IPO lot will comprise 15 shares.
LIC IPO: India
WebJan 11, 2024 · LIC IPO: Prime Minister Narendra Modi’s government has the IPO -- which could raise between 400 billion rupees ($5.4 billion) and 1 trillion rupees this quarter -- as a key item in its economic agenda, with proceeds from the state-run insurer essential to reaching a budget-deficit target. ... “The size of LIC is breathtaking,” said Abhay ... WebFeb 15, 2024 · A 5% stake at that valuation will fetch the government $14.25 billion If ICICI Prudential Life’s multiple is taken, LIC could be valued at $171 .1 billion. That would make it India’s third biggest company by market capitalisation and fetch the government nearly $8.6 billion in the IPO. LIC reported profit after tax of $199 million for the ... can lesbians date non binary people
LIC IPO Date, Details, Update, Valuation and Live News 2024
WebFeb 3, 2024 · Updated: 03 Feb 2024, 03:52 PM IST Julia Fioretti, Abhishek Vishnoi, Bloomberg Excluding the potential float of LIC, Tower Infrastructure Trust stands to be the largest Indian IPO on record,... WebApr 27, 2024 · Why Did the Government Cut Down LIC IPO's Valuation? LIC announced on Wednesday that it has fixed the price band for its upcoming IPO at Rs 902-949 per share. The central government now expects to ... WebApr 26, 2024 · IPO size. On April 23, 2024, the LIC board gave its nod to cut down the issue size to 3.5 per cent from 5 per cent. It means that the government will dilute only 3.5 per cent of its shares worth Rs 21,000 crore compared to 5 per cent shares announced earlier. According to the revised DRHP, the government planned to raise an amount of Rs 21,000 ... canler and son fakenham