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......

January likely to see IPOs worth Rs 8,000 crore

RailTel Corporation of India, Indigo Paints, Home First Finance Company, Indian Railway Finance Corporation, and Suryoday Small Finance Bank are among the companies looking to tap the market.......

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......