There is not even a week left for LIC’s IPO to come. According to the information available on the BSE website, LIC’s IPO will be open for subscription from May 4 to May 9. Let us tell you, the government is selling 3.5% stake of LIC. The size of this IPO is Rs 21,008.48 crore. According to market watchers, today LIC Gray Market is at a premium of Rs 92. Let’s know every detail related to LIC’s IPO-
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LIC IPO Gray Market Price : According to analysts watching the market, today Rs 92 is at a premium in the gray market. 20 more than Friday.
IPO date: According to the BSE website, betting can be done on LIC’s IPO from May 4 to May 9.
LIC Price Band: The price band of LIC on behalf of the government is Rs 902 to Rs 949 per share.
LIC IPO Size: The government aims to raise Rs 21,008.48 crore through this IPO.
LIC IPO Lot Size : There will be 15 shares in a lot.
Maximum Application Limit for LIC IPO: An applicant can apply for a minimum of one lot and a maximum of 14 lots.
LIC IPO Discount: The government has given a discount of Rs 60 per share to policy holders and Rs 45 per share.
LIC IPO Allotment Date: It is expected that the allotment of shares will be done on 12th May 2022.
LIC IPO Listing Date: It is possible that LIC will be listed on BSE and NSE on 17th May.
How much can invest: aa. Investor at least one lot (15 × 949 = Rs 14235) and maximum 14 lots [(949×15)×14 = 1,99,290] One can invest Rs.
Will investing be profitable?
Parth, Founder, Tradingo says, “LIC is a big brand. The company has a network of agents in India. But the market share in the insurance sector has come down to 64% which is a matter of concern.