LIC IPO: Can expect SEBI nod within three weeks, says DIPAM secretary
Secretary of Department of Investment and Public Asset Management (DIPAM) Tuhin Kanta Pandey, while speaking to CNBC TV-18, said that he estimates a three-week window for the go-ahead from the Securities and Exchange Board India (SEBI) for LIC''s IPO.
LIC filed its draft red herring prospectus (DRHP) with SEBI to sell 5 percent stake via an offer for sale. At least 35 percent of the issue will be reserved for retail investors. The prospectus also highlighted that the embedded value is 5.39 lakh crore.
6.1.J C RajaFeb 16 2022 09:48:59 AM
Life Insurance Corporation of India IPO - Schedule *(TENTATIVE)*
Earliest Possible: 07th March - Announcement of Price Band 09th March - Anchor Investors Allotment 10th March - Offer Opens 14th March - Offer Closes 17th March - Finalisation of Basis of Allotment 21st March - Unblocking of ASBA Accounts 22nd March - Credit of Equity Shares to Depository Accounts 23rd March - Commencement of Trading
Latest Possible: 15th March - Announcement of Price Band 17th March - Anchor Investors Allotment 21st March - Offer Opens 23rd March - Offer Closes 28th March - Finalisation of Basis of Allotment 29th March - Unblocking of ASBA Accounts 30th March - Credit of Equity Shares to Depository Accounts 31st March - Commencement of Trading
Ad www.AngelOne.in
Secretary of Department of Investment and Public Asset Management (DIPAM) Tuhin Kanta Pandey, while speaking to CNBC TV-18, said that he estimates a three-week window for the go-ahead from the Securities and Exchange Board India (SEBI) for LIC''s IPO.
LIC filed its draft red herring prospectus (DRHP) with SEBI to sell 5 percent stake via an offer for sale. At least 35 percent of the issue will be reserved for retail investors. The prospectus also highlighted that the embedded value is 5.39 lakh crore.