India's Largest-Ever Initial Public Offering has all Indian investors ecstatic. Yes, we're talking about the LIC initial public offering. The government of India will make its first initial public offering to decrease its half holding in Life Insurance Corporation. Today let’s talk about LIC IPO details.
The Indian government is asking all the general public to invest in lic ipo through this initial public offering. Following the issuance of shares, the LIC will be subject to SEBI regulations. The LIC IPO's Draft Red Herring Prospectus (DRHP) has already been completed.
This content will teach you all you need to know about the LIC IPO 2022. You'll learn about the lic ipo date, Face Value, Issue Size, lic ipo price, lic ipo gmp, Lot Size, Employee and Policyholder Reservations, and more. So read all the way to the end.
The IPO of the Life Insurance Corporation of India (LIC) is expected to be the largest in the Indian stock market. Meanwhile, the government has set aside 10% of LIC lic share price, or roughly 3.16 crores, through the LIC Reserve Fund.
| IPO Open Date | May 4, 2022 |
| IPO Close Date | May 9, 2022 |
| Allotment Date | May 12, 2022 |
| Initiation of Refunds | May 13, 2022 |
| Credit of Shares to DEMAT Account | May 16, 2022 |
| IPO Listing Date | May 17, 2022 |
| UPI Mandate Expiry Date | May 10, 2022 |
Price Band: ₹902-₹949 per equity share.
Issue Size: 21,000 Crore.
Face Value: ₹10 per equity share.
Market Lot: 15 Shares.
The price band for this huge lic ipo of the state-run insurance business has been set at 902 to 949, according to the press conference. One lot of 15 shares will be available in this IPO. This means that if you wish to participate in this IPO, you must purchase a minimum of 15 shares. To secure a lic ipo share price, each investor will need to invest at least $14,235.
The LIC has set aside 10% of the IPO shares for policyholders. In addition, policyholders in India will receive an additional discount of Rs. 60 per share. Only LIC policyholders in India who meet the following criteria are eligible to apply for this lic ipo quota:
LIC is the only life insurance firm with a significant presence in both rural and urban settings. They have 113 divisional offices and also 8 zone offices in India.
The lic ipo launch date is in the last week of April 2022, according to information gathered from key news outlets. This will be the IPO of Life Insurance Corporation, the largest government-owned insurance company. The LIC IPO is expected to raise between Rs. 70 and Rs. 80 thousand crores.
The following are your top two reasons:
The Indian government may expand the size of the lic ipo share price Sale, according to the latest LIC IPO News. They had previously agreed to sell a 5% stake in the company in an IPO to raise money of roughly Rs. 60000 crores. However, depending on investor demand, they want to offer up to a 6.5 percent share in LIC.
The LIC is yet to announce the price of its initial public offering (IPO). Only a few days before the sale opens, they will make an official announcement about the LIC IPO Price 2022. The LIC IPO price is estimated to range between Rs. 1500 to Rs. 3200 per share.
LIC is the country's only government-owned insurance company. Around 246 insurance businesses were merged to establish the organization. Other noteworthy features include:
The LIC IPO will be listed on the BSE and NSE. You must have a DEMAT account to buy LIC IPOs online. Websites, apps, and others allow you to book an IPO. Your UPI ID in India can be used as a payment mechanism. To do so, inform your broker that you want to file an IPO application using your UPI ID.
