16 merchant bankers are in the race to manage LIC’s IPO. These bankers will make their presentation before DIPAM on August 24 and 25.
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New Delhi. Preparations are in full swing to bring the Initial Public Offering (IPO) of Life Insurance Corporation of India (LIC). 16 merchant bankers are in the race to manage LIC’s IPO. This is being called the biggest share sale in the history of the country. These bankers will make their presentation before the Department of Investment and Public Asset Management (DIPAM) on August 24 and 25.
These bankers will make presentations on Tuesday
According to the DIPAM circular, seven international bankers including BNP Paribas, Citigroup Global Markets India and DSP Merrill Lynch (now BofA Securities) will make presentations on Tuesday. Other bankers who will make presentations on Tuesday include Goldman Sachs (India) Securities, HSBC Securities and Capital Markets (India), JP Morgan India, Nomura Financial Advisory and Securities (India).
These bankers will make a presentation on Wednesday, on
Wednesday, nine domestic bankers will make a presentation to the officials of DIPAM. These include Axis Capital Ltd., DAM Capital Advisors, HDFC Bank Ltd., ICICI Securities Ltd., IIFL Securities Ltd., JM Financial Ltd., Kotak Mahindra Capital Company Ltd., SBI Capital Markets Ltd. and Yes Securities India Ltd. Are included.
Bids were invited from merchant banker
DIPAM had invited applications for the appointment of merchant banker for LIC’s IPO on July 15. DIPAM is preparing to appoint 10 Book Running Lead Managers for the IPO. The last date for submission of bids was August 5.
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