INITIAL PUBLIC OFFERING Subject : Economics Context : Recently, five companies filed their draft red herring prospectus (DRHP) for an initial public offering (IPO) with the Securities and Exchange Board of India (SEBI). In 2020-21, as many as 69 companies raised close to Rs 75,000 crore through public issues, including IPOs. Concept : […]

    INITIAL PUBLIC OFFERING Subject : Economics Context : The initial public offering (IPO) of India’s largest insurance company LIC is likely after October this year, a top official said. Concept : Government had introduced the legislative amendments required for disinvestment of a stake in Life Insurance Corporation of India (LIC) and IDBI Bank […]

Subject : Economics Context : The scheduled initial public offering (IPO) of Ant Group has been delayed for now, after its plans of listing on the Shanghai and Hong Kong’s stock exchanges were thwarted by authorities. Concept : Ant Group is the world’s highest-valued FinTech company, and most valuable unicorn company. It had hoped to […]