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The company last year had filed its draft red-herring prospectus (DRHP) with the market regulator to raise funds via public issue

Snapdeal filed its initial public offering (IPO) regulatory papers for approval in December 2021

This will set in motion the process of SEBI approval of the firm's IPO

The company in its IPO papers said it plans to utilise the net proceeds from the fresh issue towards the payment of debt

Meanwhile, another new age stock Delhivery was trading near its 52-week low level of ₹377

The shares of the company were listed on May 17

Indian cricket star Virat Kohli is an investor and its brand ambassador

Life Insurance Corporation or LIC made a weak market debut on Tuesday

Reserve Bank of India has directed all banks to keep their window open to allow applications for LIC IPO even on Sunday

The IPO will conclude on Friday April 29, and the bidding for anchor investors will open next week on Monday

The union government is seeking around Rs. 50,000 crore next month from the IPO of state-owned insurance giant Life Insurance Corp. (LIC)

In February, the government filed the draft red herring prospectus (DRHP) with the regulator giving details of financial results till September