Public Market

IPO

Govt appoints 10 lead managers, share transfer agent, ad agency for LIC's IPO

Business Line  

The Centre has appointed merchant bankers, a share transfer agent and an advertisement agency for the IPO of Life Insurance Corporation of India (LIC). The IPO is expected to be launched in the March quarter of 2022. Merchant bankers for the issue will include Kotak Mahindra Capital, Goldman Sachs (India) Securities, JP Morgan India, ICICI Securities, JM Financial, Citigroup Global Markets India, Nomura Financial Advisory and Securities (India), Axis Capital, BofA Securities and SBI Capital Market. Hyderabad-based KFintech Ltd will be Registrar and share transfer agent while Concept Communication will be the ad agency for the share sale.