LIC IPO Date Announced 2022

LIC IPO Date Announced 2022

LIC IPO Date Announced 2022.India's largest IPO has been announced.  LIC's IPO and share price will be officially announced tomorrow.  However, according to government sources, the shares will be issued at LIC's IPO at a price of Rs 902-949.

LIC IPO Date Announced 2022

 According to sources, Rs.  21,000 crore to raise Rs. 902 on lower band and Rs.  Will be issued at the price of 949.  The IPO of Life Insurance Corporation, India's largest IPO, will open on May 4 and close on May 9.  The government is going to sell only 3.5% stake in the IPO and if there is a strong response, the offer for sale in the IPO can be increased to 5%.

 On April 23, LIC's board approved a proposal to reduce the IPO size.  Government sources said 10 per cent reservation has been made for policyholders and 5 per cent for employees.

 How much discount to whom?

 According to the report, 5% discount will be offered to employees in LIC's IPO.  Apart from this, current policyholders will be offered 6% discount on LIC shares i.e. Rs. 60 per share will be offered to policyholders.

 To attract small investors, the government has also offered 5% or Rs 45 discount to retail investors in IPOs.

 How many shares can you apply for?

 The minimum application lot size in LIC IPO will be 15 shares i.e. one has to apply for 15 shares.  Investors will be able to apply for a maximum of 14 lots i.e. bid for 210 shares to apply in the retail category.

(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. suggests its readers to consult with their investment advisers before making any financial decision.)

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