Government-owned insurer Life Insurance Corporation of India (LIC) has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its mega initial public ...

It has been party time for companies launching Initial Public Offers (IPOs) in India, with markets rolling out the red carpet for even loss-making firms. But the IPO journey has been challenging for ...

The country's largest insurer LIC is likely to file draft papers with Sebi by November for the largest IPO in the country's history, a finance ministry official has said. "We target to bring the IPO ...

The portion reserved for policyholders can go up to maximum of 10 percent. “The aggregate of reservations for eligible policyholder(s) shall not exceed 10 percent of the offer size,” the DRHP stated.

The government last month appointed 10 merchant bankers, including Goldman Sachs (India) Securities Pvt Ltd, Citigroup Global Markets India Pvt Ltd and Nomura Financial Advisory and Securities (India) ...