[Latest] LIC IPO : Date, GMP, Price | How To Apply All Information

LIC IPO : Date, GMP, Price | How To Apply All Information  

LIC IPO Information :

An important meeting of the LIC Board was held on Tuesday after the market regulator SEBI approved the updated draft of the IPO. After the meeting, the IPO was officially announced in the press conference on Wednesday.

LIC IPO : Date, GMP, Price | How To Apply All Information  

The much awaited LIC IPO will finally be open from May 4-9 with 3.5% of the equity on offer for subscription & discounts for policyholders and retail investors LIC will hold a press conference on IPO. Tuhin Kanta Pandey, DIPAM Sec Said "Want to champion LIC as long-term value creator"

Positive for LIC IPO :

Recognize that IPO is just the beginning

Govt had a strong commitment to list LIC

LIC IPO size right given current mkt situation

LIC IPO GMP, Date and Price Details :

LIC IPO will open on May 4 and close of May 9 the government will be selling shares in the price band of Rs 902-949. The government plans to offload 3.5 per cent stake or 22.13 crore shares in the company and raise Rs 20,557.23 crore.

LIC IPO issue size:

22.13 crore shares - 3.5% of the total shares

Reservations (LIC IPO Reservations):

For policy holders - 10% of issue - 2.21 crore shares

For employees - 0.15 crore shares

LIC IPO Price band: 902/- to 949/-

Lot Size: 15

Discount for Retail Investors and Employees (LIC IPO Discount for Retail and Employees): Rs 45/-

Policy Holders Discount for (LIC IPO Discount for Policy Holders): Rs 60/-

LIC IPO Information: GMP, Price, Date :

IPO Date : open from May 4-9

LIC IPO Price Band : Band Rs 902-949/share

Anchor Quota on May 2

Issue size of Rs 20,557 cr

Rs 60 discount for policyholders

For retail & employees, discount of Rs 40.

The government expects to raise up to $2.74 billion from selling a 3.5 percent stake. LIC board approved a cut in its IPO issue size to 3.5 per cent from 5 per cent, the company said. The government will now sell 3.5 per cent of its stake in LIC for ₹ 21,000 crore, valuing the insurance behemoth at 6 lakh crore.