Holi Offer - Use Code HOLI24

Register Now

10 Merchant Banks to Manage IPO of LIC

Published on September 10, 2021
Current Context: The GOI has selected 10 merchant bankers to manage the Initial Public Offering of Life Insurance Corporation of India (LIC).
10 Merchant Banks to Manage IPO of LIC
  • LIC’s IPO will be launched in the January-March quarter of 2022.
  • So the merchant bankers will perform the roles of Issue management, Promotional activities, Credit syndication, Project counseling, and Portfolio management, etc.
  • The 10 merchant bankers are: Goldman Sachs (India) Securities, Citigroup Sachs (India) Securities, Nomura Financial Advisory and Securities India, SBI Capital Market, JM Financial, Axis Capital, BofA Securities, JP Morgan India, ICICI Securities, and Kotak Mahindra Capital Ltd.
  • In the last month, Cabinet Committee on Economic Affairs had cleared the way for the IPO of LIC.
  • Static Part: 
    • HQ of LIC: Mumbai
    • Chairperson of LIC: MR Kumar
ebook store

About us

ramandeep singh

Ramandeep Singh is a seasoned educator and banking exam expert at BankExamsToday. With a passion for simplifying complex concepts, he has been instrumental in helping numerous aspirants achieve their banking career goals. His expertise and dedication make him a trusted guide in the journey to banking success.

  • Follow me:
Close Menu
Close Menu