LIC IPO Announced
LIC Board officially announced LIC IPO through a press conference on Wednesday, 27 April.
The wait for the country's biggest IPO is over. LIC IPO was officially announced on Wednesday 27th April 2022.
In the meeting of LIC, things like price band of LIC IPO to lot size and reservation were finalized.
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.
Let us see the complete details of LIC IPO Dates, Price Band, Lot Size, Issue size.
Highlights of LIC IPO
LIC IPO Important dates:
LIC IPO Issue size:
3.5% of the total shares
No. Of Shares:
LIC IPO Reservations:
For Policy Holders:
10% of the issue (2.21 crore shares)
For LIC employees:
0.15 crore shares
LIC IPO Price Band and Lot Size:
LIC IPO Price band:
902/- to 949/-
LIC IPO Bid lot size:
LIC IPO Discount for Retail Investors and Employees:
LIC IPO Discount for Policy Holders:
In LIC IPO, 50% of the shares remaining after the reservation of policy holders and employees will be reserved for QIB.
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.
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
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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