Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
IPO News

| More

LIC IPO - Day 3 - Overall Issue Subscribed 1.38 times

Posted On: 2022-05-07 11:28:41 (Time Zone: IST)


Life Insurance Corporation of India's initial public offering saw full subscription of its retail segment in the early hours of the 3rd day of bidding. The issue opened for subscription on Wednesday, May 4, 2022 and continues to see a strong interest from all investor categories.

The portion reserved for eligible policy holders was subscribed 4.01 times, reservation for eligible employees was subscribed 3.06 times, Retail Category was subscribed 1.23 times; the non-institutional category witnessed subscription of 0.76 times and qualified institutional buyers category saw subscription of 0.56 times

The offer received bids for 22,36,98,915 shares against the offered 16,20,78,067 equity shares (excluding shares offered to anchor investors), as per the 7:00 pm data available on the bourses. The IPO is through an offer-for-sale ("OFS") of up to 221,374,920 Equity Shares of Face Value of Rs 10 each.

RBI vide its Circular dated May 4 recommended all bank branches designated to handle ASBA applications kept open to public on Sunday, May 8,2022. The same reflect on the exchanges and bids will be accepted on Saturday as well as Sunday now between 10am to 7pm.

India's largest life insurer, LIC had a market share of 61.6% in terms of premiums or GWP, 61.4% in terms of New Business Premium (or NBP), 71.8% in terms of number of individual policies issued, and 88.8% in terms of number of group policies issued, for the nine months ended December 31, 2021

Kotak Mahindra Capital Company Limited, Axis Capital Limited, BofA Securities India Limited, Citigroup Global Markets India Private Limited, JM Financial Limited, J.P. Morgan India Private Limited, Goldman Sachs (India) Securities Private Limited, ICICI Securities Limited, Nomura Financial Advisory and Securities (India) Private Limited and SBI Capital Markets Limited are the book running lead managers to the issue.


Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Juniper Hotels files DRHP with SEBI for Rs 1800 crore IPO

Plaza Wires Ltd IPO oversubscribed 4.69 times on Day 1

Retail Investors make rush for JSW Infra IPO, subscribed 43% on Day 1

Rockingdeals Circular Economy Ltd files DRHP with NSE Emerge for IPO

Hi Green Carbon Ltd IPO opens for subscription

Yatra Online IPO subscribed 1.61 times on Final Day

SAMHI Hotels IPO subscribed 5.33 times on Final Day

JSW Infrastructure Ltd's IPO to open on Monday, September 25, 2023, sets price band at ?113 to ?119 per Equity Share

Manoj Vaibhav Gems 'N' Jewellers Ltd's IPO to open on Friday, September 22, 2023, sets the price band at ?204 to ?215 per Equity Share

Hi-Green Carbon IPO to open on 21st September; Announces a Price Band of Rs. 71-75 per equity share

Yatra Online Limited's IPO to open on Friday, September 15, 2023, sets price band at ?135 to ?142 per Equity Share

SAMHI Hotels Ltd's IPO to open on Thursday, September 14, 2023, sets price band at ?119 to ?126 per Equity Share

Indian Renewable Energy Development Agency files DRHP for IPO

Robust QIB demand for Jupiter Hospital IPO, Issue subscribed 64 times

EMS IPO raised 96.37 crore from various investors, including Morgan Stanley Asia PTE, and Bofa Securities

Jupiter Life Line Hospitals IPO subscribed 3.3 times on Day 2

EMS Limited is set to open its IPO tomorrow with a price range of Rs. 200-211 per equity share

Jupiter Life Line Hospitals IPO subscribed 87% on Day 1

Chavda Infra IPO price band announced, issue opens on 12 September

Basilic Fly Studio Limited NSE SME IPO garners subscription of 286.61 times

Stanley Lifestyles files for its IPO

SAMHI Hotels and Motisons Jewellers gets Sebi nod for IPO

Chavda Infra IPO to open on 12th September, looks to raise around Rs. 43 crore

EMS Limited fixes Rs. 200 - 211 as price band for its upcoming IPO

Arkade Developers Ltd files DRHP with SEBI for IPO

Jyoti CNC Automation Ltd files IPO papers with SEBI

Rishabh Instrument's IPO measures 31.65 times demand on final day

Jupiter Life Line Hospitals Ltd's IPO to open on Sep 6, 2023, sets price band at ?695 to ?735 per Equity Share

Rishabh Instruments Ltd IPO subscribed 2.46 times on Day 2

Rishabh Instruments Ltd IPO subscribed 73% on Day 1

Rishabh Instruments Ltd raises Rs 147 crore from anchor investors

Vishnu Prakash R Punglia Ltd IPO subscribed 87.80 times on Final Day

LIC partners with Saraswat Cooperative Bank Ltd

Rishabh Instruments Ltd's IPO to open on Wednesday, August 30, 2023, sets price band at ?418 to ?441 per Equity Share

Vishnu Prakash R Punglia Ltd IPO subscribed 10.63 times on Day 2

Aeroflex Industries IPO subscribed 97.07 times on Final Day

EMS Ltd to raise between Rs. 300 crore to Rs. 320 crore through IPO

Vishnu Prakash R Punglia Ltd raises Rs 91.77 crore from anchor investors

Aeroflex Industries IPO subscribed 21.10 times on Day 2

Mumbai-based Heating Equipment Maker JNK India Limited files DRHP for IPO

Aeroflex Industries IPO sees full subscription on day 1, subscribed 6.72 times

Jupiter Life Line Hospitals gets SEBI Nod for IPO

Bondada Engineering Limited's SME IPO subscribed 106.65 times on the Final Day

Vadodara-based Shiva Pharmachem Limited files DRHP with SEBI for its Rs 900 Crore IPO

IPO bound EMS Ltd. to ride on govt's rising water infra investments

Vishnu Prakash R Punglia Ltd's IPO to open on Thursday, August 24, 2023, sets price band at ?94 to ?99 per Equity Share

Aeroflex Industries Ltd raises over 103 crores from anchor investors

Jupiter Life Line Hospitals raised Rs123 cr in pre -IPO round

Bondada Engineering Limited's SME Initial Public Offering to open on Friday, August 18, 2023

Happy Forgings Limited files DRHP for IPO


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020