Tag: BIG IPO

New Market Tension For LIC Shareholders

The decline that started after the listing in the shares of Life Insurance Corporation of India (LIC), which has offered the biggest IPO in the country’s history, continues unabated. The company’s shares reached a new all-time low on the first day of the week. It is worth noting that the upper price band of LIC’s stock was Rs 949, due to which they have broken a lot.

On Monday, when the market opened, the company’s shares were at a level of Rs 800.25 on the NSE, which reached Rs 786.10 shortly after. Along with this, in the past, where the company was snatched from the company of being the sixth most valuable company in the country, ICICI had snatched it. So at the same time, due to the continuous fall in the shares of LIC, the market cap of the company has further reduced to below Rs 5 lakh crore.

LIC Done This Preparation To Compensate Loss Of Investors

The IPO of the country’s largest insurance company Life Insurance Corporation of India (LIC) may have disappointed investors, but now the company has made preparations to compensate them for the loss. On Tuesday, LIC said that its board will consider giving dividend. However, full disclosure about this will be in the first quarter results to be released on May 30.

Let us tell you that after the listing of LIC IPO in the market, the company will disclose the first quarter results. In this meeting, the consideration of giving dividend will also be considered. It is clear that through the plan prepared by the company, those people who have suffered losses due to IPO will get an opportunity to earn. A report in this regard said that in the information given to the stock market, the company has said that it will discuss the financial results for the quarter and year (2021-22) ended 31 March 2022 as well as the payment of dividend.

Dividend is the distribution of profits by a company to its shareholders. When a company earns profit or surplus, it pays out a proportion of the profit to the shareholders in the form of dividend. Significantly, on Tuesday, the company’s stock closed at Rs 824.80 on the Bombay Stock Exchange (BSE). However, even after this increase, the issue price is down by about 13 percent from Rs 949. Talking about the market capitalization of the company, it is Rs 5,24,626.93 crore. The company was valued at Rs 6 lakh crore before the IPO listing.

LIC IPO Allotment: Check Status Of Allotment Sitting At Home

After the completion of the bidding process in the country’s largest LIC IPO, the allotment process of shares will start on Thursday. The DIPAM secretary had said on the last day of subscribing to the IPO i.e. May 9 that the share allotment under the IPO would be on May 12 and the listing would be on May 17. We are telling you how bidders can easily check IPO allotment status online.  

In this way you can check the status

Bidders can easily check the share allotment status online sitting at home. This facility is available on the official website of Bombay Stock Exchange BSE. In just a few steps, you can track the status of allotment like this. 

LIC IPO: Valuation Decreased Due To Poor Market Environment

Due to the Russia-Ukraine crisis, the effect of the bad stock market environment has started showing on the country’s biggest IPO. The government may bring the IPO of Life Insurance Corporation of India (LIC) before May 12. In this, it will now sell 7 percent stake. It is estimated to get Rs 50,000 crore in lieu of this. Earlier it was expected to get 63,000 crores on 5% stake.

Sources say that the government is now preparing to sell seven per cent stake in LIC through IPO instead of five per cent. Its plan was to launch the IPO by March this year, but it was postponed due to the bad market environment due to the Russia-Ukraine crisis. Now it will have to be brought before May 12 because under the old draft, its last date is May 12. If after this period the government brings the IPO of LIC, then it will have to submit a fresh draft.

Earlier: The company was supposed to raise 63 thousand crores at 5 percent stake,

Now: 50 thousand crores can be found at 7 percent stake.

New Update On LIC IPO You Must Know

Big news has come out about the IPO of the country’s largest insurance company LIC. Recent, widely discussed reports suggested that the biggest IPO of all time could be postponed amid the turmoil in the markets due to the Russo-Ukraine war. Now according to a report, DRHP has been submitted afresh with SEBI regarding IPO on behalf of Life Insurance Corporation of India.

The government does not want to take the risk,

the report quoted sources as saying that LIC has submitted afresh DRHP on the basis of the December quarter results. It is worth noting that regarding its launch, it was said by the government in the past that the ongoing war between Russia and Ukraine has affected the global markets as well as the Indian market. Due to this, huge fluctuations are being seen in the stock market. The Finance Minister himself had said that the government does not want to take any kind of risk in this matter.

Big Update On LIC IPO

With the announcement of LIC IPO, the atmosphere of discussions about it is intensifying. Questions like price bands, discounts for policy holders and retail investors are being discussed continuously. Due to the volatility in the market due to the Russia-Ukraine war, the government has not yet announced a specific date for the IPO, but it is believed that it can be brought soon.

Many questions are arising in the minds of retail investors as well as policy holders regarding this IPO. However, on the other hand, the curiosity in the minds of people about IPO is also very high. In the IPO, 10% shares will be reserved for LIC policy holders, but here the policy holders will have to keep in mind that they must have a demat account.

Government will soon hand over final paper to SEBI

The final paper can be submitted to the market regulator SEBI very soon on behalf of the government regarding the IPO. According to PTI, these documents will contain details of the price range, discounts for policy holders and retail buyers and the actual number of shares.

Big Update For Those Who Are Waiting For LIC IPO

India is set to miss its revised disinvestment target by a huge margin for the second time in the last eight years. This is likely to happen as the government’s plan to raise Rs 60,000 crore from the Life Insurance Corporation of India (LIC) IPO is jeopardized. This will be the second time for the government to miss the disinvestment target since it came to power in 2014. Earlier in 2019-20 also, the government had missed the revised disinvestment target of 65,000 crore. Only 50,304 crores were raised that year. 

In the current financial year, a revised target has been set to raise 78,000 crores from disinvestment. So far the government has been able to raise only 12,400 crores.
 
Government’s concern increased
  • In view of the turmoil in the stock markets due to the deepening of the Russia-Ukraine war, the government may postpone LIC IPO to the next financial year. If this happens, the disinvestment target will remain incomplete.
  • Stock markets have been volatile since Russia’s attack on Ukraine. The government is worried that if the IPO is brought in such a situation, it may not get favorable investor support. Due to this, the amount that the government will get from its stake sale may be less than expected.

LIC IPO: Policyholders To Fulfill These Conditions To Participate in IPO

Most of the investors of the country investing money in the market are eagerly waiting for LIC’s IPO. Especially for such investors who have an insurance policy in LIC. There is a big reason behind this. The government has announced that when LIC IPO opens, shares will be kept in reserve for policyholders. LIC has also issued an advertisement for this. In this, policyholders have been told that if you want to apply for an IPO, then certain conditions have to be fulfilled. Now what are these conditions, let us know…

LIC has filed a draft letter with the capital market regulator SEBI on February 13, 2022 for selling 5 per cent stake in the government for around Rs 63,000 crore. LIC plans to launch an IPO in March 2022 for more than 31.6 crore shares or 5 percent government stake. In the IPO, LIC employees and policy holders will get a discount on the floor price.

Provided that the PAN details are updated

LIC has asked that all policyholders should ensure that their PAN details are updated in the policy records of our Corporation at the earliest.

Can update online

  • Visit the official website of LIC https://licindia.in/.
  • Click on the option of ‘Online PAN Registration’.
  • Tap on the ‘Proceed’ button on the same page.
  • Enter required details.
  • Enter the Captcha code in the box.
  • Request for OTP from your registered mobile number.
  • Once you get the OTP, enter it in the portal and submit.
  • After submitting the form, a message will appear on the success of the registration request.

Demat account will also have to be opened

Regarding IPO, LIC has said in an advertisement given in newspapers that there will be reservation in IPO for policyholders having one or more LIC policies. It is necessary for policyholders to link PAN information by February 28, 2022. Apart from this, it is also necessary to open a Demat account. For this, Demat accounts will also be opened at the Common Service Center. If a policyholder does not have a Demat account, then he should make a plan to open it at his own expense. The corporation clearly stated that the policyholder will bear the cost of opening a demat account and updating PAN. The Corporation will not bear any expenses. Demat account is necessary for buying and selling shares in equity markets.

Want To Invest in LIC IPO? Policy Holders Should Do This Work Before 28th February

Life Insurance Corporation of India (LIC) has asked all its policy holders to update their PAN details in their policy records to participate in its upcoming IPO. This information has been received from LIC’s Draft Red Herring Prospectus (DRHP).

LIC has filed a draft letter with the capital market regulator SEBI on February 13 for the government to sell its 5 per cent stake for around Rs 63,000 crore.

Policy holders will get discount

According to preliminary information, the initial public offering (IPO) for more than 31.6 crore shares or 5 percent government stake of LIC is likely to hit the market in March. In this IPO, LIC employees and policy holders will get a discount on the floor price.

Update PAN details Policy Holders

LIC said that all our policy holders should ensure that their PAN details are updated in the policy records of our corporation at the earliest.

As per the DRHP letter, a policyholder who has not updated his/ her PAN details with our corporation before the expiry of two weeks (February 28, 2022) from the filing of DRHP with SEBI, will not be considered as an eligible policyholder. Policyholders can update their PAN details by visiting the LIC website themselves or with the help of their agent.

Check PAN-LIC Update Status

First of all go to https://linkpan.licindia.in/UIDSeedingWebApp/getPolicyPANStatus.

Fill the details of policy number, date of birth and PAN, as well as enter the captcha. Then press submit button.

After the completion of the process, the status will be displayed in front of you on the screen.

Can update online like this

Visit the official website of LIC https://licindia.in/.

Click on the option of ‘Online PAN Registration’.

Tap on the ‘Proceed’ button on the same page.

Enter required details.

Enter the Captcha code in the box.

Request for OTP from your registered mobile number.

Once you get the OTP, enter it in the portal and submit.

After submitting the form, a message will appear on the success of the registration request.

What are the documents required in IPO?

Pan Card.

Registered mobile number will have to be entered.

An OTP will be sent to the mobile number registered with LIC.

Countdown Starts For Country’s Biggest IPO

LIC Applies For IPO With SEBI, IPO Size May Be Around Rs 63000 Crore

The countdown has started for the country’s biggest IPO. Life Insurance Corporation (LIC) has filed for IPO with SEBI. The Secretary of DIPAM gave this information. He said that DRHP (Draft Paper) has been filed for LIC IPO today. The biggest ever Initial Public Offer (LIC IPO) in the history of the country is expected to hit the market by March.

The valuation has been estimated at around Rs 12.6 lakh crore. It is being told that the size of the IPO can be around Rs 63000 crore. The total equity will be about 632 crore shares. The government is selling 5 per cent stake in it. The central government is selling 31.6 crore shares.

How to Earn from IPO (Initial Public Offering)

When a company issues its common stock or shares to the public for the first time, it is called an IPO or “public offer”. These are mostly issued by smaller, newer companies that want capital to grow their business, but It can also be issued by large privately-owned companies that wish to trade in the public market.

How to earn from IPO

The company fixes a price band for the IPO between which you can bid. Anyone investing less than Rs 2 lakh is considered a retail investor. In IPO you have to bid for at least one lot. Before investing, you should know whether you are betting on listing earnings or investing for a long time. Check at what valuation the company’s IPO is coming. Compare the valuations of other companies in the industry and sector the company operates in. This will reduce your risk of exposure. Also, take advice from experts regarding IPO. Investing in this way increases your chances of making a profit.