LICs IPO Likely To Open On May 4, But Exact Timelines Post April 27: Sources

Author : Dhowcruise
Publish Date : 2022-04-25 00:00:00


LICs IPO Likely To Open On May 4, But Exact Timelines Post April 27: Sources

The Life Insurance Corporation's (LIC) long-awaited public issue offer is likely to open on May 4 and close on May 9, according to sources, who said the exact timelines would be confirmed post-April 27. The exact date ranges and other details of the LIC's initial public offering (IPO) will be confirmed next week, the sources added. That comes on the heels of the LIC board approving a cut in its IPO issue size to 3.5 per cent from 5 per cent, according to sources on Saturday. The government is now expected to sell 3.5 per cent of its stake in LIC for ₹ 21,000 crore, subject to the approval of the capital markets regulator Securities and Exchange Board of India, SEBI. That would value the insurance behemoth at 6 lakh crore. A significant cut in valuation from a previous estimate of around ₹ 17 trillion for the 66-year old company. The draft red herring prospectus filed with the SEBI and approved showed the government had proposed a sale of its 5 per cent equity.

The Life Insurance Corporation's (LIC) long-awaited public issue offer is likely to open on May 4 and close on May 9, according to sources, who said the exact timelines would be confirmed post-April 27. The exact date ranges and other details of the LIC's initial public offering (IPO) will be confirmed next week, the sources added. That comes on the heels of the LIC board approving a cut in its IPO issue size to 3.5 per cent from 5 per cent, according to sources on Saturday. The government is now expected to sell 3.5 per cent of its stake in LIC for ₹ 21,000 crore, subject to the approval of the capital markets regulator Securities and Exchange Board of India, SEBI. That would value the insurance behemoth at 6 lakh crore. A significant cut in valuation from a previous estimate of around ₹ 17 trillion for the 66-year old company. The draft red herring prospectus filed with the SEBI and approved showed the government had proposed a sale of its 5 per cent equity.The Life Insurance Corporation's (LIC) long-awaited public issue offer is likely to open on May 4 and close on May 9, according to sources, who said the exact timelines would be confirmed post-April 27. The exact date ranges and other details of the LIC's initial public offering (IPO) will be confirmed next week, the sources added. That comes on the heels of the LIC board approving a cut in its IPO issue size to 3.5 per cent from 5 per cent, according to sources on Saturday. The government is now expected to sell 3.5 per cent of its stake in LIC for ₹ 21,000 crore, subject to the approval of the capital markets regulator Securities and Exchange Board of India, SEBI. That would value the insurance behemoth at 6 lakh crore. A significant cut in valuation from a previous estimate of around ₹ 17 trillion for the 66-year old company. The draft red herring prospectus filed with the SEBI and approved showed the government had proposed a sale of its 5 per cent equity.The Life Insurance Corporation's (LIC) long-awaited public issue offer is likely to open on May 4 and close on May 9, according to sources, who said the exact timelines would be confirmed post-April 27. The exact date ranges and other details of the LIC's initial public offering (IPO) will be confirmed next week, the sources added. That comes on the heels of the LIC board approving a cut in its IPO issue size to 3.5 per cent from 5 per cent, according to sources on Saturday. The government is now expected to sell 3.5 per cent of its stake in LIC for ₹ 21,000 crore, subject to the approval of the capital markets regulator Securities and Exchange Board of India, SEBI. That would value the insurance behemoth at 6 lakh crore. A significant cut in valuation from a previous estimate of around ₹ 17 trillion for the 66-year old company. The draft red herring prospectus filed with the SEBI and approved showed the government had proposed a sale of its 5 per cent equity.The Life Insurance Corporation's (LIC) long-awaited public issue offer is likely to open on May 4 and close on May 9, according to sources, who said the exact timelines would be confirmed post-April 27. The exact date ranges and other details of the LIC's initial public offering (IPO) will be confirmed next week, the sources added. That comes on the heels of the LIC board approving a cut in its IPO issue size to 3.5 per cent from 5 per cent, according to sources on Saturday. The government is now expected to sell 3.5 per cent of its stake in LIC for ₹ 21,000 crore, subject to the approval of the capital markets regulator Securities and Exchange Board of India, SEBI. That would value the insurance behemoth at 6 lakh crore. A significant cut in valuation from a previous estimate of around ₹ 17 trillion for the 66-year old company. The draft red herring prospectus filed with the SEBI and approved showed the government had proposed a sale of its 5 per cent equity.The Life Insurance Corporation's (LIC) long-awaited public issue offer is likely to open on May 4 and close on May 9, according to sources, who said the exact timelines would be confirmed post-April 27. The exact date ranges and other details of the LIC's initial public offering (IPO) will be confirmed next week, the sources added. That comes on the heels of the LIC board approving a cut in its IPO issue size to 3.5 per cent from 5 per cent, according to sources on Saturday. The government is now expected to sell 3.5 per cent of its stake in LIC for ₹ 21,000 crore, subject to the approval of the capital markets regulator Securities and Exchange Board of India, SEBI. That would value the insurance behemoth at 6 lakh crore. A significant cut in valuation from a previous estimate of around ₹ 17 trillion for the 66-year old company. The draft red herring prospectus filed with the SEBI and approved showed the government had proposed a sale of its 5 per cent equity.The Life Insurance Corporation's (LIC) long-awaited public issue offer is likely to open on May 4 and close on May 9, according to sources, who said the exact timelines would be confirmed post-April 27. The exact date ranges and other details of the LIC's initial public offering (IPO) will be confirmed next week, the sources added. That comes on the heels of the LIC board approving a cut in its IPO issue size to 3.5 per cent from 5 per cent, according to sources on Saturday. The government is now expected to sell 3.5 per cent of its stake in LIC for ₹ 21,000 crore, subject to the approval of the capital markets regulator Securities and Exchange Board of India, SEBI. That would value the insurance behemoth at 6 lakh crore. A significant cut in valuation from a previous estimate of around ₹ 17 trillion for the 66-year old company. The draft red herring prospectus filed with the SEBI and approved showed the government had proposed a sale of its 5 per cent equity.The Life Insurance Corporation's (LIC) long-awaited public issue offer is likely to open on May 4 and close on May 9, according to sources, who said the exact timelines would be confirmed post-April 27. The exact date ranges and other details of the LIC's initial public offering (IPO) will be confirmed next week, the sources added. That comes on the heels of the LIC board approving a cut in its IPO issue size to 3.5 per cent from 5 per cent, according to sources on Saturday. The government is now expected to sell 3.5 per cent of its stake in LIC for ₹ 21,000 crore, subject to the approval of the capital markets regulator Securities and Exchange Board of India, SEBI. That would value the insurance behemoth at 6 lakh crore. A significant cut in valuation from a previous estimate of around ₹ 17 trillion for the 66-year old company. The draft red herring prospectus filed with the SEBI and approved showed the government had proposed a sale of its 5 per cent equity.The Life Insurance Corporation's (LIC) long-awaited public issue offer is likely to open on May 4 and close on May 9, according to sources, who said the exact timelines would be confirmed post-April 27. The exact date ranges and other details of the LIC's initial public offering (IPO) will be confirmed next week, the sources added. That comes on the heels of the LIC board approving a cut in its IPO issue size to 3.5 per cent from 5 per cent, according to sources on Saturday. The government is now expected to sell 3.5 per cent of its stake in LIC for ₹ 21,000 crore, subject to the approval of the capital markets regulator Securities and Exchange Board of India, SEBI. That would value the insurance behemoth at 6 lakh crore. A significant cut in valuation from a previous estimate of around ₹ 17 trillion for the 66-year old company. The draft red herring prospectus filed with the SEBI and approved showed the government had proposed a sale of its 5 per cent equity.The Life Insurance Corporation's (LIC) long-awaited public issue offer is likely to open on May 4 and close on May 9, according to sources, who said the exact timelines would be confirmed post-April 27. The exact date ranges and other details of the LIC's initial public offering (IPO) will be confirmed next week, the sources added. That comes on the heels of the LIC board approving a cut in its IPO issue size to 3.5 per cent from 5 per cent, according to sources on Saturday. The government is now expected to sell 3.5 per cent of its stake in LIC for ₹ 21,000 crore, subject to the approval of the capital markets regulator Securities and Exchange Board of India, SEBI. That would value the insurance behemoth at 6 lakh crore. A significant cut in valuation from a previous estimate of around ₹ 17 trillion for the 66-year old company. The draft red herring prospectus filed with the SEBI and approved showed the government had proposed a sale of its 5 per cent equity.The Life Insurance Corporation's (LIC) long-awaited public issue offer is likely to open on May 4 and close on May 9, according to sources, who said the exact timelines would be confirmed post-April 27. The exact date ranges and other details of the LIC's initial public offering (IPO) will be confirmed next week, the sources added. That comes on the heels of the LIC board approving a cut in its IPO issue size to 3.5 per cent from 5 per cent, according to sources on Saturday. The government is now expected to sell 3.5 per cent of its stake in LIC for ₹ 21,000 crore, subject to the approval of the capital markets regulator Securities and Exchange Board of India, SEBI. That would value the insurance behemoth at 6 lakh crore. A significant cut in valuation from a previous estimate of around ₹ 17 trillion for the 66-year old company. The draft red herring prospectus filed with the SEBI and approved showed the government had proposed a sale of its 5 per cent equity.The Life Insurance Corporation's (LIC) long-awaited public issue offer is likely to open on May 4 and close on May 9, according to sources, who said the exact timelines would be confirmed post-April 27. The exact date ranges and other details of the LIC's initial public offering (IPO) will be confirmed next week, the sources added. That comes on the heels of the LIC board approving a cut in its IPO issue size to 3.5 per cent from 5 per cent, according to sources on Saturday. The government is now expected to sell 3.5 per cent of its stake in LIC for ₹ 21,000 crore, subject to the approval of the capital markets regulator Securities and Exchange Board of India, SEBI. That would value the insurance behemoth at 6 lakh crore. A significant cut in valuation from a previous estimate of around ₹ 17 trillion for the 66-year old company. The draft red herring prospectus filed with the SEBI and approved showed the government had proposed a sale of its 5 per cent equity.The Life Insurance Corporation's (LIC) long-awaited public issue offer is likely to open on May 4 and close on May 9, according to sources, who said the exact timelines would be confirmed post-April 27. The exact date ranges and other details of the LIC's initial public offering (IPO) will be confirmed next week, the sources added. That comes on the heels of the LIC board approving a cut in its IPO issue size to



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