LIC IPO opens today: The historic day we have been waiting for is now near. The Initial Public Offering (IPO) of Life Insurance Corporation of India (LIC) is going to open in a while from now. It is being called historic because it is the biggest IPO ever. The government is going to raise about Rs 21000 crore from this IPO. Earlier last year, Paytm had an IPO, which was worth Rs 18,500 crore.
However, now everyone’s eyes are on LIC’s IPO. All the experts are showing a positive approach regarding the IPO. At the same time, there are also indications in the gray market premium that LIC’s IPO is going to give investors profits on the day of listing itself.
Message to policyholders: Earlier, LIC has informed about the IPO by sending a message to its policyholders. LIC has informed the policyholders about the share sale through messages and other means. LIC has been disseminating information about this IPO through print and TV channels for several months.
LIC IPO Details: Let us tell you that the IPO of LIC will open for retail and institutional investors today i.e. on May 4 and will close on May 9 till 5 pm. 15 shares are kept in a lot for LIC. At the same time, the price range of the share has been fixed at Rs 902-949. In this, some shares have been kept reserved for existing policyholders and employees of LIC. A discount of Rs 45 per share will be given to retail investors and eligible employees and Rs 60 per share to policyholders.
Read everything related to LIC IPO here – Answers to all your questions related to LIC IPO
22.13 crore equity shares will be offered for sale during the IPO. LIC said that it has raised Rs 5,627 crore from anchor investors, of which there is a majority of domestic companies.
read this also- Experts trust on LIC IPO, listing possible up to Rs 1400, got advice to subscribe
5.92 crore shares were reserved for anchor investors at the rate of Rs 949 per equity share. LIC shares are likely to be listed in the market on May 17. At the same time, you will get information about whether the IPO was allotted or not by May 12.