Initial Public Offering
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Supreme Court refuses to stay allotment of LIC shares
The initial public offering of the insurance behemoth closed on May 9. The results of its allotments will be announced today.
Scroll Staff
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Life Insurance Corporation IPO fully subscribed on day 2 of bidding process
Investors made bids for more than 16.68 lakh shares against the 16.20 lakh that were offered for subscription.
Scroll Staff
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LIC IPO subscribed 67% on day 1
The subscription quota reserved for policyholders of the insurance behemoth was oversubscribed by 1.90 times.
Scroll Staff
Trending
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Fiction: A courtesan renounces pleasure and embraces Buddhism after she is betrayed by the world
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Yes, India’s Constitution has been hijacked – but not by the Supreme Court
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Australian Open: Sania Mirza bows out of Grand Slams on her own terms, leaving a trail to blaze
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Rout in Adani Group shares continues for second day after Hindenburg allegations
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Vikas Khanna’s new novel: A chef visits India to rekindle her love for cooking after losing her son
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LIC IPO to open on May 4, price band set at Rs 902-Rs 949 per share
For anchor investors, the initial public offering will open on May 2.
Scroll Staff
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Set for an IPO, LIC has been losing market share to rivals for years
Except for LIC, all the top four life insurers have registered double-digit growth between 2016 and 2020, according to data and analytics company GlobalData.
Niharika Sharma, qz.com
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Zomato’s falling stock price should not deter Swiggy from going public
While short-term investors may be spooked, analysts have labelled Zomato’s fall from heights a ‘healthy’ correction.
Ananya Bhattacharya, qz.com
Video
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Caught on camera: Thieves remove entire ATM in Ajmer, Rajasthan
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Watch: How a Great Dane dog and an orphaned kitten formed an unlikely bond
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Watch: From France to Australia, fans embrace the ‘Pathaan’ craze by singing and dancing in theatres
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Watch: From upside down to inside out, models walk the ramp wearing gowns in strange ways
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Watch: Comedian Jamie Lever’s hilarious take on how Bollywood actors put their children to bed
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Centre files draft papers for LIC initial public offering with SEBI
The government will sell more than 31 crore shares of the Life Insurance Corporation, and up to 10% of the issue size will be set aside for policyholders.
Scroll Staff
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Paytm opens Rs 18,300-crore initial public offering for subscription
The firm’s IPO is currently the largest in the Indian capital market.
Scroll Staff
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Ahead of its IPO, Paytm lists doesn’t want to be seen as a ‘foreign-owned and controlled’ company
This is not the first time its ‘foreign’ holding has been highlighted.
Ananya Bhattacharya, qz.com
The Reel
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‘Gandhi Godse – Ek Yudh’ review: Sincere, plodding effort to debunk WhatsApp myths about the Mahatma
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‘Pathaan’ review: Shah Rukh Khan lights up an entertaining spy thriller
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Oscar-nominated film ‘The Elephant Whisperers’ is cuteness unlimited
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Three Oscar nominations for India: ‘All That Breathes’, ‘RRR’ and ‘The Elephant Whisperers’
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Shriya Pilgaonkar interview: There’s no big or small role but the depth you bring to the part
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With its much-awaited stock launch, Zomato is looking to raise Rs 9,375 crore
Since the start of 2021, the food-delivery giant has been in a funding-raising mode as part of its pre-IPO plans.
Niharika Sharma, qz.com
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Everything you need to know about Jack Ma’s Ant Group and the biggest IPO of all time
The Chinese digital finance giant’s public offering is expected to eclipse flotations by Saudi Aramco ($29.4 billion) and Alibaba ($25 billion).
Michael Wade, The Conversation & Elizabeth Teracino, The Conversation
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IndiGo shares soar on stock market debut
Shares for the company that runs the airline surged by as much as 12% on the Bombay Stock Exchange after listing.
Scroll Staff
The Field
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India vs New Zealand, 1st T20I: All-round show from Mitchell Santner and Co ensures 21-run victory
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Hockey World Cup: Germany complete another epic comeback to stun Australia, set up final vs Belgium
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U19 Women’s T20 World Cup: India, England set up exciting final clash in inaugural edition
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Watch, IND v NZ: Washington Sundar’s stunning diving return catch to dismiss Mark Chapman in Ranchi
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Australian Open: Novak Djokovic on images of father with Russian flags – ‘Misinterpretation’