LIC IPO gets Sebi nod but no clarity on launch day

The Securities and Exchange Board of India (Sebi) has cleared the draft red herring prospectus (DRHP) of the state-owned Life Insurance Corporation of India (LIC). Photograph: Anushree......

LIC mega IPO to hit the market in March, draft prospectus next week

The government is likely to file draft papers for the mega initial public offering of LIC with market regulator Sebi by next week, while a portion of the issue would be reserved for anchor......

Public sector IPOs to warm up to anchor investors

Through anchor allotment, a firm can demonstrate the demand for shares by getting marquee investors on board. Samie Modak reports. Illustration: Dominic Xavier/Rediff.com More than a decade after......

It's raining IPOs! 40-odd issues to mop up Rs 80K cr

The primary market is set for a bumper Rs 80,000-crore bonanza with 30 companies already filing IPO papers to raise Rs 55,000 crore, while around 10 more are lined up for this month itself, seeking......