In addition, LIC has a significant market share of 49.8%. The insurance made a stock market profit of roughly $100 billion between April and June 2021, according to a media report. It’s also the government’s most profitable corporation. The Life Insurance Corporation of India (LIC) is India’s largest life insurer, with significant financial reserves and a long history of trust. This IPO is expected to net the government between $600 billion and $800 billion. With the government selling a 5-10% interest in the insurance company, the IPO is projected to be India’s largest-ever initial public offering.įor the government to fulfil its disinvestment aim, the listing will be critical. The IPO of the state-owned Life Insurance Corporation of India is anticipated to take place in the fourth quarter of the fiscal year 2021-22. Life Insurance Corporation of India (LIC) In 2022, there will be four initial public offerings to look forward to. This upward trend is projected to continue into the new year. The remaining IPOs could see substantial demand if the market momentum continues and liquidity remains high. The majority of these initial public offerings (IPOs) have been beneficial for investors and are currently trading at a premium to their issue price.įor example, Nureca, a provider of home healthcare and wellness products, has seen it’s stock rise over 300 per cent from its issue price of $400 to $1,738.įrom its initial public offering price of $175 per share, Paras Defense’s stock has risen over 380 per cent to $846. In 2021 (through September), more than 40 companies will undertake initial public offerings, raising more than $700 billion.Īround 30 more IPOs are expected in the October-December quarter, including Paytm, a financial giant, and Policybazaar, an Insurtech startup. Private companies and startups sought to profit from the market’s upbeat investor sentiment. Paytm's parent One97 Communications offers consumers and merchants technology-led, easy-to-use digital products and services as well as easy and inclusive access to financial services.In recent months, IPOs (initial public offerings) have gotten a lot of attention. Once you press 'submit', the status of application will appear on the screen. Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID. Choose 'Select company' and click on 'One97 Communications Ltd'. Visit the registrar's website Link Intime India to check your application status. Step 4: After entering the details, click on 'Search'.Īfter clicking on the 'Search' button, details of the number of shares subscribed and the number of shares allotted to you will be displayed. Step 3: Enter your application and PAN number. Step 2: On the BSE homepage, click on 'Equity'. Investors can visit the Bombay Stock Exchange (BSE) website or the IPO registrar's website. There are two routes through which one can check the allotment status. On October 22, Paytm had received market regulator Sebi's nod for the share sale. JPMorgan Chase, Morgan Stanley, ICICI Securities, Goldman Sachs, Axis Capital, Citi and HDFC Bank were the booking running lead managers to the issue. The firm will use the proceeds of share sale to strengthen its payment ecosystem and for new business initiatives and acquisitions. A maximum of 15 lots comprising 90 shares could be applied for by spending Rs 1,93,500. Lot size of the IPO was a minimum of six shares for which one would have to spend Rs 12,900. Qualified institutional buyers submitted bids 2.79 times the portion allocated for them. The portion allocated for retail investors was subscribed 1.66 times, while the reserved portion of non-institutional investors was subscribed 24 percent. Watch video: Unraveling the sluggish performance of Paytm IPO The issue received bids for 9.13 crore equity shares against offer size of 4.83 crore shares. India's biggest IPO was subscribed 1.89 times on final day. The IPO comprises a fresh issue of equity shares of the face value of Rs 1 each, aggregating to Rs 8,300 crore and the offer for sale by the existing shareholders, aggregating to Rs 10,000 crore. The Paytm IPO has surpassed Coal India (Rs 15,475-crore IPO) and Reliance Power (Rs 11,700 crore IPO) in terms of issue size. Also read: Indian start-ups are not overpriced: Paytm’s Vijay Shekhar Sharma
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |