by AIP Online Bureau | May 8, 2022 | Life, Wealth Management/ Philanthropy
The Qualified Institutional Buyer (QIB) category is yet to be fully subscribed. Bids were received for 0.67 per cent of the shares earmarked for the segment, showing a poor response. Mumbai: Life Insurance Corporation’s IPO, the country’s biggest public...
by AIP Online Bureau | May 7, 2022 | Eco/Invest/Demography, Indian News, Life, Wealth Management/ Philanthropy
However, the Qualified Institutional Buyer (QIB) category received a poor response as just 0.67 per cent of the shares earmarked received the bids on the fourth day of the IPO Mumbai: Shares reserved for non-institutional investors, including high networth...
by AIP Online Bureau | May 7, 2022 | Indian News, Life, Wealth Management/ Philanthropy
Retail individual investors bid for 8.53 crore shares as against 6.9 crore shares set aside for this segment — translating into oversubscription of 1.23 times Of the total, the policyholders’ portion was subscribed a little over four times, while that for...
by AIP Online Bureau | May 5, 2022 | Indian News, Life, Wealth Management/ Philanthropy
Retail individual investors picked up nearly 93 per cent of the 6.9 crore shares set aside for this segment Of the total, the policyholders’ portion was subscribed a little over three times, while that for employees was subscribed 2.21 times Mumbai: LIC’s...
by AIP Online Bureau | May 5, 2022 | Indian News, Life, Workplace/Employee Benefits
“We see the arrival of external shareholders with experience of the insurance industry as a further key benefit of the IPO. We believe the presence of foreign stakeholders will bring particular benefits in the areas of capital adequacy, financial flexibility and...
