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India's Largest IPO Raises $736M Ahead of Listing, Attracts Foreign Investment

India's Largest IPO Raises $736M Ahead of Listing, Attracts Foreign Investment

印度最大的首次公开募股在上市前筹集了7.36亿美元,吸引了外国投资
Benzinga Real-time News ·  2022/05/03 19:19
  • India's largest-ever public offering has attracted anchor investors, including Norway's sovereign wealth fund and the Singaporean government, raising ₹56.3 billion ($736 million) ahead of its initial public offering, Bloomberg reports.
  • The 123 anchor investors joining Life Insurance Corp of India's IPO committed to purchasing shares at ₹949 per share, the top end of a marketed range. 
  • LIC is the country's oldest insurer and had the market to itself until the government opened it up to the private competition in 2000. 
  • LIC has a 60% market share of India's 24-company-strong life insurance market, Bloomberg notes.
  • Due to the Ukraine crisis, the Indian government has pared back its original fundraising goal by ~ 60%. 
  • The investors included the Norwegian fund, the Singapore government, and 15 domestic mutual funds accounting for 71% of the anchor allocation. 
  • The IPO previously drew comparisons with the $29.4 billion listing of Gulf oil giant Saudi Arabian Oil Co.
  • Orders from retail investors for the listing, which could raise ₹210 billion in total, will be taken starting on May 4.
  • Photo via Wikimedia Commons
  • 彭博社报道,印度有史以来最大规模的公开募股吸引了包括挪威主权财富基金和新加坡政府在内的主要投资者,在首次公开募股之前筹集了563亿卢比(7.36亿美元)的资金。
  • 123位主要投资者加入印度人寿保险公司的IPO承诺以每股949卢比的价格购买股票,这是市场区间的最高水平。
  • LIC是该国历史最悠久的保险公司,在2000年政府向私人竞争对手开放之前,它一直拥有自己的市场。
  • 彭博社指出,LIC在印度24家公司的人寿保险市场中占有60%的市场份额。
  • 由于乌克兰危机,印度政府已将其最初的筹款目标削减了约60%。
  • 投资者包括挪威基金、新加坡政府和15家国内共同基金,占锚配置的71%。
  • 此次首次公开募股此前与海湾石油巨头294亿美元的上市进行了比较沙特阿拉伯石油公司
  • 散户投资者对该上市的订单将从5月4日开始接受,总共可能筹集2100亿卢比。
  • 照片来自维基共享资源

译文内容由第三方软件翻译。


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