InvestorQ : Who are the merchant bankers appointed for managing the LIC IPO?
prachi Patwardhan made post

Who are the merchant bankers appointed for managing the LIC IPO?

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sara Kunju answered.
2 months ago
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DIPAM announced the shortlist of book running lead manages and merchant bankers for the proposed IPO of LIC, which is slated to happen in this fiscal. In fact, DIPAM has confirmed that the LIC stock would also be listed in the current fiscal itself.. The list of investment bankers include Kotak Mahindra Capital, Goldman Sachs, JP Morgan, ICICI Securities, JM Financial, Citigroup, Nomura, Axis Capital and SBI Caps.

In addition, DIPAM has confirmed that it has appointed KFintech, formerly Karvy Computershare, as the registrar to the LIC IPO. It needs no reiteration that the LIC IPO will be the largest IPO in Indian capital markets by a huge margin at around Rs.75,000 crore. LIC IPO is crucial for the government to achieve the divestment target of Rs.175,000 crore in FY21. Fund managers have quoted a base fee of Rs.1 crore for managing the LIC IPO.

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