LIC IPO: he Preliminary Public Providing (IPO) of the insurance coverage behemoth Life Insurance coverage Company (LIC) of India goes to hit major markets on 4th Might 2022 i.e. right now. The Authorities of India (GoI) has fastened LIC IPO worth band at ₹902 to ₹949 per fairness share saying ₹60 low cost to the policyholders and ₹45 low cost to LIC staff making use of for the general public concern. The general public concern will stay open for bidding until ninth Might 2022.
Right here we checklist out essential LIC IPO particulars that it’s best to know:
-LIC IPO GMP: In accordance with market observers, LIC IPO gray market premium (GMP) right now is ₹85, which is ₹16 increased from its yesterday’s gray market premium of ₹69.
– LIC IPO date: The general public concern will open on 4th Mqay 2022 and it’ll stay open for bidding until ninth Might 2022.
– LIC IPO worth: The GoI has fastened LIC IPO worth band at ₹902 to ₹949 per fairness share.
– LIC IPO measurement: The GoI goals to lift ₹21,008.48 crore from its much-awaited public supply.
– LIC IPO lot measurement: An applicant will be capable of apply in heaps and one LIC IPO lot includes 15 LIC shares.
– LIC IPO utility restrict: One bidder can apply for minimal one lot whereas most heaps allowed for single bidder is 14.
– LIC IPO funding restrict: As one bidder can apply for minimal one lot and most 14 heaps, minimal quantity required to use for the LIC IPO is ₹14,235 ( ₹949 x 15) whereas most quantity allowed for single retail investor is ₹1,99,290 [( ₹949 x 15) x 14].
– Low cost for LIC policyholders: GoI has introduced ₹60 per fairness low cost for applicant making use of underneath policyholders class.
-Low cost for LIC staff: GoI has introduced ₹45 per fairness low cost to LIC staff making use of for the general public concern underneath staff class.
– LIC IPO allotment date: The like date for share allocation announcement is twelfth Might 2022.
-LIC IPO itemizing: Shares of LIC will checklist on BSE and NSE and the doubtless date for share itemizing is seventeenth Might 2022.
– LIC IPO registrar: KFin Applied sciences Restricted is the official registrar of LIC IPO.
Supply: Live Mint