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LIC DRHP unlikely to reveal size of IPO; Board to meet again on Sunday

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LIC DRHP unlikely to reveal size of IPO; Board to meet again on Sunday

The Indian Life Insurance Company’s board on Friday approved the insurer’s initial public offering in principle, but requested certain clarifications and minor changes to the draft IPO documents, people familiar with the matter said.

If the issues are resolved to clear the draft red herring prospectus (DRHP), the 15-member board could meet again in the evening or even Saturday morning, these people said.

The DRHP is expected to be submitted by Monday at the latest, but may also be submitted on the weekend.

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“The situation is very fluid. Every comma and full stop is being checked and rechecked, which is a huge amount of work because of the size of the LIC,” said one of the people. “Board members have been told to meet at short notice, so … work is in full swing,” the person said.

“There’s some process to follow, which is why the filing on Friday was delayed, but we’re very close and it’s going to happen in days or even hours,” said a second person involved in the process.

Actuarial firm Milliman Advisors fixed the company’s embedded value (EV) at Rs 500 crore. EV is a financial measure of a life insurance company’s future cash flow. Insurers are valued at multiples of EV.
“Currently, it is fair to assume that LIC is valued at 3.5 times its embedded value for a total market valuation of Rs 175 crore,” said Manish Ostwal, an analyst at Nirmal Bang Securities.

Ostwal said HDFC Life, the most highly valued life insurer today, has a market valuation of Rs 1.25 crore, more than four times the EV of Rs 30,000 crore as of December.

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Parineeti Chopra

Parineeti Chopra has the ‘best sensations’ as Raghav Chadha recreates her viral Hasee Toh Phasee reel. Watch

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Parineeti Chopra has the ‘best sensations’ as Raghav Chadha recreates her viral Hasee Toh Phasee reel. Watch

Parineeti Chopra and her husband Raghav Chadha have been spotted on social media sharing a funny dialogue from their 2014 film Hasee Toh Phasee. The dialogue has gone viral, with celebrities sharing the audio on their Instagram reels. Raghav, who is also an actor, has created a viral reel featuring photos from their wedding, honeymoon trip, vacation, and Wimbledon.

Outing The couple recently announced that Raghav has completed his leadership training program at Harvard Kennedy School, expressing gratitude for the transformative experience. Parineeti, who calls herself a Harvard wife, posted on Instagram, “My husband is a Harvard return.” The couple tied the knot on September 24, 2023, at the Leela Palace Hotel in Udaipur.

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Rajasthan, attended by various celebrities and politicians. The couple’s relationship has been a source of happiness and support for both Chopra and Chadha Parineeti Chopra’s quirky dialogue from her 2014 film Hasee Toh Phasee, “Meri body mein sensations hote hain,” has recently gone viral on social media, with numerous celebrities and fans creating reels using.

The video begins with the iconic scene from Hasee Toh Phasee, followed by a series of endearing snapshots capturing the couple’s journey—from their wedding and honeymoon to festive celebrations like Karwa Chauth and outings such as Wimbledon. In the caption, Raghav wrote, “Her dialogue went viral. Everyone’s vibing. I had FOMO the catchy audio. Joining.

Parineeti responded to the post with affection, commenting, “The best sensations out of all the trend, her husband, politician Raghav Chadha, shared a heartfelt reel on Instagram, “Awwww.” Social media users praised the reel, with comments like “Cutest reel on this trend” and “We have the WINNER of this featuring a montage of their cherished moments together.

Fans and fellow celebrities were quick to express their admiration. Actress Kriti Verma ragaiii She also reshared the reel on her Instagram Stories, adding, “The best one yettttt commented The best one,” while Harleen Sethi added, “Awwww.” Social media users praised the reel, with reel on comments like “Cutest reel on this trend” and “We have the WINNER of this Trend.

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The original dialogue gained renewed popularity after being remixed by music producer reel Parineeti reacted with joy the reel on her Instagram story, adding on Pextyle, turning it into a trending audio clip on Instagram. Parineeti expressed her delight over the resurgence, stating, “Social media is a crazy place! It can resurrect and create art that you would never think of! I love that this craziness of mine has become viral.”

Parineeti and Raghav tied the knot on September 24, 2023, at The Leela Palace Hotel in reel on bond, further endearing them to their audience. Udaipur, Rajasthan, in a ceremony attended by close friends, family, and notable personalities from both the entertainment industry and bond, further endearing them to their audience politics delightful exchange Parineeti.

On the professional front, Parineeti was last seen in Amar Singh Chamkila alongside Diljit reel on Dosanjh. She is set to make her web series debut in an upcoming mystery thriller directed between by Rensil D’Silva, which will stream on Netflix Parineeti Chopra’s popular line from Hasee Toh Phasee — “Meri body mein sensations hote hain” has taken Instagram by storm.

Raghav posted a playful yet touching reel using the trending audio clip, surprising fans and Parineeti alike. His reel featured a montage of personal moments from their life — wedding glimpses, travel snaps, Karwa Chauth celebrations, and even their appearance at Wimbledon. The video opened with Parineeti’s iconic film dialogue and then transitioned to sweet clips of

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