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Street Buzz: LIC IPO likely from 10 March, issue size seen at Rs 65,400 crore; Check out more

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Street Buzz: LIC IPO likely from 10 March, issue size seen at Rs 65,400 crore; Check out more

The IPO of Life Insurance Company of India (LIC) is likely to take place between March 10 and 14, and according to market rumors, the share sale could be worth around Rs 65,400 crore in the price range of Rs 2,000-2,100 per share rupee.

Earlier, the government filed a draft LIC document for the country’s largest IPO on Sunday, denying rumours of an offering date, saying any valuation decision would be made after a roadshow with investors and the listing would be completed in March.

However, speculation is rife about key aspects of the public offering, which could reserve 316 million shares for LIC’s 283 million policyholders.

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The state-owned insurance giant, which has the nation’s largest network of 1.35 million registered agents, will try to lure policyholders to the IPO with a rumored 10 percent discount. To be sure, many policyholders will be first-time investors in the stock.

Let’s take a look at the LIC public release rumor mill in overdrive.

Issue Opens: March 10 

Issue Closes: March 14 

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Issue Price: Rs 2,000-2,100 per share

Issue Size: 31,62,49,885 shares

Offer-for-Sale: 31,62,49,885 shares which is equal to Rs 65,416.29 crore

Discount: 10 percent for employees and policyholders

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Price Band Announcement: March 7 

Anchor Investors Allotment: March 9

Market Lot: Seven shares

Employees: 1.58 crore shares (10 percent discount = Rs 1,890)

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Policyholders: 3.16 crore shares (10 percent discount = Rs 1,890)

Anchor: 8.06 crore shares = Rs 16,935.18 crore 

Qualified Institutional Bidder: 5.37 crore shares = 11,290.12 crore 

Non-Institutional Investors: 4.03 crore shares = 8,467.59 crore 

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Retail Individual Investor: 9.41 crore shares = 19,757.71 crore Listed Peers: SBI Life Insurance Company, HDFC Life Insurance Company, ICICI Prudential Life Insurance Company

Complete News Source : Money Control

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$92.8 million

Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

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Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

Akshay Kumar and Priyadarshan, the acclaimed Indian director, celebrated their 68th birthday on Instagram. Kumar, who has worked with Priyadarshan on several cult comedies of the early 2000s, wished him a happy birthday and called him a mentor. The duo is now back together for their upcoming horror-comedy, Bhooth Bangla.

The first poster of the movie has been released, and it is expected to hit theaters in 2025. Akshay Kumar wore a black fedora and a green jacket, layered over a black tee, and fans have expressed their excitement for their new movie.

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The duo’s dynamic and deep bonding have been praised by fans, who have expressed high anticipation for their new movie. The first poster of Bhooth Bangla has already been released, and the movie is expected to hit theaters in 2025.

Akshay Kumar, the versatile Bollywood actor, recently celebrated director Priyadarshan’s birthday by sharing a behind-the-scenes (BTS) photograph from their upcoming film, “Bhooth Bangla.” In the image, Akshay humorously captioned, “Surrounded by ghosts…” The photo features Akshay alongside Priyadarshan and co-actor Paresh Rawal, all dressed in traditional attire, with a black cat perched on Akshay’s shoulder, adding a whimsical touch to the scene.

Reunion After 14 Years

This collaboration marks a significant reunion between Akshay Kumar and Priyadarshan, who last worked together on the film “Bhool Bhulaiyaa” in 2007. Their partnership has been celebrated in the past for delivering successful comedies like “Hera Pheri” and “Garam Masala.” Fans have eagerly anticipated their return to the big screen together, and “Bhooth Bangla” promises to be a delightful addition to their repertoire.

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About ‘Bhooth Bangla’

“Bhooth Bangla” is a horror-comedy that blends elements of suspense with humor, a genre in which both Akshay Kumar and Priyadarshan have excelled. The film is produced by Balaji Telefilms Ltd in association with Cape of Good Films. The motion poster released earlier this year features Akshay Kumar in a suit, with a cat on his shoulder, licking milk slyly, setting the tone for the film’s intriguing and humorous premise.

instantbollywood.com

Anticipation and Fan Reactions

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The BTS photo shared by Akshay Kumar has generated excitement among fans, who are eager to see the trio back together on screen. The playful caption and the presence of the black cat suggest that “Bhooth Bangla” will offer a mix of thrills and laughs, staying true to the successful formula of their previous collaborations.

As the release date for “Bhooth Bangla be a significant highlight in the upcoming entertainment lineup. The reunion of Akshay Kumar, Priyadarshan, and Paresh Rawal, combined with the intriguing premise and the playful BTS moments, has set high expectations among audiences. Fans can look forward to a cinematic experience that promises both chills and chuckles.

For a visual glimpse into the making of “Bhooth Bangla,” you can watch the following video Akshay Kumar expressed his gratitude as they once again united for their upcoming movie Bhooth Bangla. This marks a new chapter in their long-standing collaboration since the 2000s. He shared a picture from behind the scenes of their new movie, where it seems like they are laughing about something.

Akshay wrote,”Happy Birthday, Priyan Sir! What better way to celebrate than by spending the day on a haunted set, surrounded by ghosts…both real and unpaid extras? Thank you for being a mentor, and the only person who can make chaos look like a masterpiece. May your day be filled with fewer retakes. Wishing you a fantastic year ahead!”

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