What was the biggest IPO ever in India?
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What was the biggest IPO ever in India?
Factbox: India’s 10 biggest IPOs and their debut day performance
| Coal India Ltd (COAL.NS) | Nov 4, 2010 | 245 |
| General Insurance Corp of India (GENA.NS) | Oct 25, 2017 | 912 |
| SBI Cards & Payment Services Ltd (SBIC.NS) | March 16, 2020 | 755 |
| Reliance Power Ltd (RPOL.NS) | Feb 11, 2008 | 450 |
| New India Assurance Co Ltd (THEE.NS) | Nov 13, 2017 | 800 |
What will be the lot size of LIC IPO?
LIC IPO Details
| IPO Opening Date | Expected in FY 2020-21 |
|---|---|
| Market Lot | – |
| Min Orher Quantity | – |
| Listing At | – |
| Issue Size | Rs 80,000 to Rs 1,00,000 crore* [Tentative] |
Is LIC the biggest company in India?
State-owned Life Insurance Corp. LIC controls two-thirds of the Indian market with almost 300 million policies and more than 1.2 million agents, 100,000 employees, 2,000 branches and 1,500 satellite offices. …
Is LIC IPO possible?
In her Budget speech in February this year, Finance Minister Nirmala Sitharaman said the IPO of LIC would be floated in 2021-22. Further subscribing to any public offering in India is only possible if you have a valid DEMAT account,” LIC had said in a public notice.
Which is the biggest IPO till date?
1. Coal India (2010) – the State-run miner raised ₹15,199 crore in what was India’s biggest initial public offering of shares.
Is LIC policy worth buying?
Is LIC Plan a good investment? Yes, LIC offers best life insurance plans. If you are looking for investment and protection option under one product, you can consider Endowment or Unit Linked Investment Plan (ULIP) as per your risk appetite and financial objectives.
Which is the best upcoming IPO?
Upcoming IPOs in 2021
| IPO | Tentative Issue Size (in Rs. Crores) | Tentative Issue Date |
|---|---|---|
| Fusion Micro Finance | 600 + OFS | 2021 |
| Hinduja Leyland Finance | 500 | 2021 |
| Studds Accessories | 450 | 2021 |
| ESDS Software Solutions Limited | 322 + OFS | 2021 |
What will be the expected share price of LIC IPO?
Generally, this may be just a week before the actual open date of the IPO. However, based on the paid-up capital of nearly Rs. 25,000 crores and expected market valuation within the range of Rs. 13-15 lakh crores, the LIC IPO expected share price could be within the range of Rs. 400-600 per share.
Will LIC’s IPO affect sovereign guarantee?
The LIC IPO is going to be listed at both NSE (National Stock Exchange) and BSE (Bombay Stock Exchange), with the minority share being offered by the center for public buying. However, the IPO will not affect the sovereign guarantee, and it shall be maintained for LIC.
Is LIC a government company?
At the time of inception, LIC was conceived as a government-owned company with an implicit sovereign guarantee. The IPO will call for an amendment to the LIC Act to facilitate the IPO and this will have to be passed in both houses of Parliament.
Why LIC is the No 1 life insurance company in India?
Despite the presence of private insurers for nearly 20 years, LIC continues to dominate the life insurance business in India. It has a market share of 76.28\% in number of policies and a 71\% market share in terms of first year premiums.