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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Faltering economy, poor citizens, South Asia’s bully: The reality of India’s global ambitions
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Fact-checking five days of Narendra Modi’s speeches: A catalogue of lies
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Indore Congress candidate backed out days after attempt-to-murder charge added to 17-year-old case
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In Mathura, Muslims say they were denied their vote. No complaints in Hindu areas
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Banana republic in the making?: A South Asian perspective on India from Kathmandu
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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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Watch: Neighbours rescue infant from second floor sunshade after she fell from fourth floor balcony
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Video: Listen to this acapella version of Shankar Mahadevan’s ‘Breathless’ by four singers
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Watch: Argentinian woman is crowned Miss Universe Buenos Aires at 60
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Watch: K-Pop singer Aoora sings in Assamese as he collaborates with Nilotpal Bora in a new folk song
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Watch Anu Malik and Sonu Nigam’s impromptu performance of ‘Main Hoon Na’ at Farah Khan’s home
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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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‘Mufasa: The Lion King’ trailer: Barry Jenkins directs prequel to 2019 photorealistic animated film
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Start the week with a film: A divorce from hell in ‘The War of the Roses’
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Aditi Rao Hydari on playing diverse characters: ‘I want the audience to take me home with them’
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The story of India’s unique ‘Milk Revolution’ is going to the Cannes Film Festival
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The story behind the ‘Kuch Kuch Hota Hai’ title track: ‘Just write very simple poetry’
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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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ICC T20 World Cup 2024: Rishabh Pant, Sanju Samson included in Rohit Sharma-led India squad
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Badminton, Uber Cup 2024: India lose to China in group stage-decider; progress to quarter-final
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Watch, highlights ISL 2023-24: Diaz and Chhangte on target as Mumbai City beat FC Goa to enter final
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IPL 2024: Varun Chakravarthy, Phil Salt star as Kolkata Knight Riders beat Delhi Capitals
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Boxing, Asian U22 and Youth C’ships: Brijesh, Sagar, Sumit enter semi-finals, assured of medals