Byju’s was valued at US$18 bn in its latest round last month, up from US$16.5 bn in June 2021. It had previously looked at a timeline of 12 to 24 months after the fundraise.Īs per reports, the startup and its bankers are discussing a valuation of US$40 bn to US$50 bn. It’s likely to be split roughly evenly between equity and debt.īyju’s aims to file its initial IPO documents as early as the second quarter of next year, soon after the close of its financial year in March. The Bangalore-headquartered company is expected to close its pre-IPO fundraise in a few weeks at a valuation of about US$21 bn. It plans to raise between US$400 m to US$600 m.
India’s most valuable startup, online education provider Byju’s, is also in talks to raise money via an IPO next year. No matter what happens, this is going to be the defining IPO event of 2022. It’s discussing a plan to amend foreign direct investment (FDI) rules so that investors can pick up the stake without the government's approval under the so-called automatic route. That apart, the government is considering a proposal for foreign investors to own as much as 20% in LIC, which would enable them to participate in the nation's biggest IPO. It's also unclear what the exact dates of the IPO will be as of now.
Other details such as the price band, the grey market premium, exact issue size and face value of the IPO are yet to be revealed. It's likely it will not be more than 10%. The remaining 23 private firms such as HDFC Life and ICICI Prudential Life Insurance have the remaining 50.2% share.Īs per media reports, a ministerial panel dubbed, the 'alternative mechanism on strategic divestment', will decide on the size of the stake to be sold. LIC also has a massive market share of 49.8%. According to a media report, the insurer made a stock market profit of around ₹100 bn just between April and June 2021. It’s also the most profitable company owned by the government. LIC is India’s largest life insurer, with substantial cash reserves and a long history of trust.
It's estimated that this IPO would fetch the government between ₹600 bn and ₹800 bn. The listing will be crucial for the government to meet its disinvestment target. The IPO is expected to be India’s biggest-ever initial public offering with the government selling a stake of 5-10% in the insurance company. State-owned Life Insurance Corporation of India is expected to come out with its IPO sometime in the fourth quarter of the financial year 2021-22. #1 Life Insurance Corporation of India (LIC)
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