LIC IPO Announced

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The wait for the country's biggest IPO is over. LIC IPO was officially announced on Wednesday 27th April 2022.

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In the meeting of LIC, things like price band of LIC IPO to lot size and reservation were finalized.

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Let us tell you that after getting approval from market regulator SEBI for the updated draft of IPO, an important meeting of LIC Board was held on Tuesday.

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Let us see the complete details of LIC IPO Dates, Price Band, Lot Size, Issue size.

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LIC IPO Important dates: Anchor tranche: May 2 Public offering: May 4-9

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LIC IPO Issue size: Issue size: 3.5% of the total shares No. Of Shares: 22.13 crore

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LIC IPO Reservations: For Policy Holders: 10% of the issue (2.21 crore shares) For LIC employees: 0.15 crore shares

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LIC IPO Price Band and Lot Size: LIC IPO Price band: 902/- to 949/- LIC IPO Bid lot size: 15

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LIC IPO Discount for Retail Investors and Employees: Rs 45/- LIC IPO Discount for Policy Holders: Rs 60/-

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In LIC IPO, 50% of the shares remaining after the reservation of policy holders and employees will be reserved for QIB.

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In LIC IPO, 35% will be reserved for retail investors and 15% for NII. 60% of the shares in the share of QIB will be reserved for anchor investors.

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If you want to invest money in LIC IPO, then you have to buy at least 15 shares. For which at least Rs 14,235 will have to be invested

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LIC's IPO will be the biggest IPO in India. The government will earn about Rs 21 thousand crore from this.

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