It has been party time for companies launching Initial Public Offers (IPOs) in India, with markets rolling out the red carpet for even loss-making firms. But the IPO journey has been challenging for ...

Government-owned insurer Life Insurance Corporation of India (LIC) has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its mega initial public ...

The country's largest insurer LIC is likely to file draft papers with Sebi by November for the largest IPO in the country's history, a finance ministry official has said. "We target to bring the IPO ...

The portion reserved for policyholders can go up to maximum of 10 percent. “The aggregate of reservations for eligible policyholder(s) shall not exceed 10 percent of the offer size,” the DRHP stated.

According to the DRHP, the government will offer to sell 316.25 million shares of face value of Rs 10 each out of its total holding of about 6.32 billion shares in the insurer. The offer includes ...

The IPO is expected to hit the street in March. (Image: REUTERS) LIC (Life Insurance Corporation of India) IPO DRHP: Life Insurance Corporation (LIC) IPO may now just be around the corner with the ...

The government last month appointed 10 merchant bankers, including Goldman Sachs (India) Securities Pvt Ltd, Citigroup Global Markets India Pvt Ltd and Nomura Financial Advisory and Securities (India) ...