The LIC IPO, probably the most awaited issuances, started at this time and can keep open till May 9. Here are some things to contemplate earlier than bidding.

LIC IPO Opens at this time

The Life Insurance Corporation (LIC) preliminary public providing (IPO) – India’s largest public issuance thus far by the nation’s largest insurance coverage supplier – opens to main markets at this time. On May 2, the LIC IPO was made accessible to anchor traders.

Notably, as an alternative of the 5 % talked about within the earlier Draft Red Herring Prospectus(DRHP), the federal government, which controls the insurance coverage large, proposes to promote a 3.5 % stake.

The authorities hopes to make a big contribution to the federal government’s disinvestment proceeds this fiscal yr with the most recent public issuance.

Before the IPO, hold the next in thoughts:

Date of IPO: Bidding for the LIC IPO will likely be accessible to most people from May 4 to May 9. (To learn to apply, go right here.)

Price Band: The value band for the LIC IPO has been set at Rs. 902 to Rs. 949 per fairness share. Policyholders and LIC employees registering for the general public subject, then again, will obtain a 60 and 45 % low cost, respectively.

LIC IPO GMP: According to market specialists, the LIC IPO gray market premium (GMP) is now at Rs. 85, up Rs. 16 from the day past.

IPO Size: The Government of India intends to lift a complete of Rs 21,008.48 crore by means of the general public providing, making it the nation’s largest IPO thus far.

IPO Lot Size and restrict: Applicants will be capable to submit their purposes in plenty of 15, with every IPO lot containing 15 LIC shares. An individual can apply for as little as one lot and as many as 14 tons or 210 shares. As a end result, the minimal quantity essential to use for the IPO is Rs. 14,235 (i.e. 949 x 15). For retail traders, policyholders, and LIC employees, the utmost bid quantity has been set at Rs 2 lakh.

Date of IPO allotment: The allocation of shares is anticipated to be introduced on May 12.

LIC IPO: On May 17, the LIC shares are anticipated to be listed on the BSE and NSE.

First printed on: 04 May 2022, 11:45 IST



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