Sunday, November 27, 2022

The LIC countdown has begun. The IPO process has begun, and the company will submit documentation to SEBI next month

In November, the country’s largest insurance business (LIC) will file documents with SEBI for an initial public offering (IPO).

In November, the country’s largest insurance firm (LIC) will file documents with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). This information was provided by a Ministry of Finance official.

‘Our objective is to introduce the IPO in the current financial year alone,’ the person told PTI. For this, we’ve set a rigorous timeline. In November, the DRHP will be filed. The government hired ten merchant bankers to manage the IPO last month, including Goldman Sachs (India) Securities Pvt Ltd, Citigroup Global Markets India Pvt Ltd, and Nomura Financial Advisory and Securities (India) Pvt Ltd.

Read More: Xiaomi is bringing a Drone Camera Phone, will fly in the air and take HD photos like this, know when it will be launched

SBI Capital Markets Limited, JM Financial Limited, Axis Capital Limited, BofA Securities, JP Morgan India Private Limited, ICICI Securities Limited, and Kotak Mahindra Capital Company Limited are among the other banks that have been chosen.

According to the official, merchant bankers will organise worldwide and domestic road shows for investors after the IPO filings are filed. Cyril Amarchand Mangaldas has been named as the IPO’s legal advisor.

The government has tasked actuarial firm Milliman Advisors LLP India with determining the LIC’s underlying value. Foreign investors may be allowed to buy a stake in the country’s largest insurance firm, according to the government. The IPO of LI was approved by the Cabinet Committee on Economic Affairs (CCEA) in July.



Please enter your comment!
Please enter your name here

Most Popular


BB fame Mahira Sharma is very stylish, see beautiful pictures of the actress on her birthday.

TV actress and Bigg Boss 13 fame Mahira Sharma is now in the news for her music videos and social media appearances. Although Mahira...

Shanaya Kapoor did topless photoshoot for the first time, See Pics

Shanaya Kapoor Topless Photoshoot: Sanjay Kapoor's darling daughter Shanaya has recently created a stir on social media by sharing topless pictures. Recently, Shanaya, who...

Royal Enfield Himalayan will now be available in these new three colors also see

Royal Enfield Himalayan: The Royal Enfield Himalayan BS6 launch was initially launched in Gravel Grey, Lake Blue, Rock Red, Sleet Grey, Snow White, and...

Best Cars Under 12 Lakh If your budget is twelve lakh rupees, then these cars are made for you, see the complete list

Best Cars in India Under 12 Lakh: If you are looking to buy a new car and your budget is less than Rs 12...

Traffic Challan App: Now drive vehicles carefully in Delhi, neither traffic police nor CCTV cameras, yet the challan will be cut immediately

Challan on App in Delhi: Now special care has to be taken regarding driving in Delhi. No, you will not even know when your...

Most Popular


* indicates required