by AIP Online Bureau | May 10, 2022 | Indian News, Life, Wealth Management/ Philanthropy
In the unofficial market, shares of the insurance major exchanged hands at a minuscule premium of Rs 8-10 per share over the issue price, which is 90 per cent below the premium of Rs 100-105 per share it commanded a week earlier Mumbai: As the much-awaited initial...
by AIP Online Bureau | May 9, 2022 | Eco/Invest/Demography, Indian News, Life, Policy, Wealth Management/ Philanthropy
Against 16,20,78,067 shares on offer, 47,83,25,760 bids were received, according to data posted on stock exchanges at 7 pm. LIC had fixed the price band at Rs 902-949 per equity share Bidders in LIC IPO will be allocated shares on May 12, and the insurance behemoth...
by AIP Online Bureau | May 9, 2022 | Indian News, Life, Policy, Wealth Management/ Philanthropy
The 10 advisers who manage the initial public offering They will receive around Rs 10 million ($129,000) each for their role in the deal, a fraction of what they would normally pocket for a deal of this size Mumbai: investment banks advising on the initial public...
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...
