HDFC Standard Life Insurance is the latest company to join the IPO league and submitted draft IPO papers on 18 August. Through New India Assurance’s IPO, the government plans to sell 9.6 crore shares, besides fresh issue of 2.4 crore shares. In the case of GIC Re, the offer includes sale of 10.7 crore shares by the government apart from fresh issue of 1.7 crore shares. Last month, SBI Life Insurance Company and ICICI Lombard General Insurance Company had approached the Sebi with their respective IPO papers. According to market experts, proactive regulatory environment coupled with general uplift in investors’ sentiment has given a fillip to the domestic IPO market.

Source: Mint August 20, 2017 09:22 UTC