![]() ![]() It intends to raise between $400 million and $600 million. ![]() Online education business Byju’s, India’s most valuable startup, is also in talks to raise money through an IPO next year. Whatever happens, this is going to be the most important IPO of 2022. It’s debating a plan to change the laws on foreign direct investment ( FDI) so that investors can buy a stake in a company without the government’s permission through the so-called automatic method. ![]() As of now, it’s also uncertain when the IPO will take place.Īpart from that, the government is considering allowing foreign investors to buy up to 20% of LIC, allowing them to participate in the country’s largest IPO. The price band, the grey market premium, the exact issue size, and the face value of the IPO are yet unknown. The remaining 50.2 per cent is held by 23 private companies, including HDFC Life and ICICI Prudential Life Insurance.Īccording to media sources, the extent of the share to be sold would be decided by a ministerial body termed the “alternative mechanism on strategic divestment.” It’s unlikely to be more than ten per cent. In addition, LIC has a significant market share of 49.8%. The insurance made a stock market profit of roughly $100 billion between April and June 2021, according to a media report. It’s also the government’s most profitable corporation. The Life Insurance Corporation of India (LIC) is India’s largest life insurer, with significant financial reserves and a long history of trust. This IPO is expected to net the government between $600 billion and $800 billion. With the government selling a 5-10% interest in the insurance company, the IPO is projected to be India’s largest-ever initial public offering.įor the government to fulfil its disinvestment aim, the listing will be critical. The IPO of the state-owned Life Insurance Corporation of India is anticipated to take place in the fourth quarter of the fiscal year 2021-22. Life Insurance Corporation of India (LIC) In 2022, there will be four initial public offerings to look forward to. This upward trend is projected to continue into the new year. The remaining IPOs could see substantial demand if the market momentum continues and liquidity remains high. The majority of these initial public offerings (IPOs) have been beneficial for investors and are currently trading at a premium to their issue price.įor example, Nureca, a provider of home healthcare and wellness products, has seen it’s stock rise over 300 per cent from its issue price of $400 to $1,738.įrom its initial public offering price of $175 per share, Paras Defense’s stock has risen over 380 per cent to $846. In 2021 (through September), more than 40 companies will undertake initial public offerings, raising more than $700 billion.Īround 30 more IPOs are expected in the October-December quarter, including Paytm, a financial giant, and Policybazaar, an Insurtech startup. Private companies and startups sought to profit from the market’s upbeat investor sentiment. If that happens the size of the fresh issue will be adjusted accordingly, the DRHP says.ĭon’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp.In recent months, IPOs (initial public offerings) have gotten a lot of attention. The company may also consider a pre-IPO funding round of up to Rs 2,000 crore. The stock offering will comprise a fresh issue worth Rs 8,300 crore ($1.1 billion) and a secondary issue or an offer for sale (OFS) of the same size, Paytm has told Sebi. Paytm in July had filed a draft red herring prospectus with the markets regulator, the Securities and Exchange Board of India ( Sebi), to raise Rs 16,600 crore ($2.2 billion) through a public issue in what will be one of the biggest Indian IPOs in at least a decade.Īlso Read: Paytm and the art of going public ![]() Among growth-stage startups, ESOP plans are seen as an effective way to attract, retain and reward workers in a highly competitive talent market. In 2021, startups such as Zerodha, Razorpay, Cred, Acko, Udaan have given their employees windows to cash their stock options as valuations of India’s internet startups continue to rise rapidly.ĮSOPs are an employee benefit plan that gives the firm’s employees ownership in the company in the first of stock options. Paytm’s ESOP expansion comes at a time when several leading tech and internet startups have offered lucrative buyback windows to help employees vest their options. ![]()
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