LIC IPO: LIC's IPO will come on March 11, first common investors will not get a chance

LIC IPO: Beneficiaries of this scheme of LIC will get discount in the public offer coming in March 2022, know full details


new Delhi. The country’s largest insurance company LIC is preparing to bring the biggest IPO ever. IPO may come on 11th March 2022. In this, some part has been reserved for LIC employees and policyholders as well.

Shares will be given cheaply to the policyholders. But for this they have to fulfill certain conditions. Along with the employees and policyholders of LIC, now the beneficiaries of Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) will also get exemption in IPO. LIC Chairman MR Kumar said that the insured of this scheme will be entitled to exemption in LIC’s IPO.

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PMJJBY LIC’s share
Kumar said that MJJBY is part of it and there will be reservation for them (insurers) in the IPO. PMJJBY was started in 2015. Under this, account holders get life insurance of two lakh rupees. The annual premium amount for this is Rs 330. This government scheme is offered through LIC.

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35% for retail investors
Five percent of this IPO has been kept reserved for employees and 10 percent for policyholders. 3.16 crore shares have been kept in reserve for 26 crore policyholders of LIC. But only those policyholders can apply for this, whose PAN is linked to the policy and who have a demat account. A total of 35 per cent of the IPO is for retail investors.

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Bid up to a maximum of two lakh rupees
According to the draft Red Herring Prospectus (DRHP) filed last week for the IPO, the eligible insureds of LIC will be given reservation in the IPO. Under this, the maximum bid amount per person will not exceed Rs 2 lakh. Those who have one or more LIC policies as on the date of opening of bids and who are residents of India can apply under Policyholder Reservation. The reservation so granted shall not exceed 10 per cent of the size of the IPO.

will become the third largest company
After listing in the stock market, there will be a huge increase in the market capitalization of LIC. It will become the third largest company by market capitalization after Reliance Industries Limited (RIL) and Tata Consultancy Services (TCS). 60,000 to 90,000 crore is expected to be raised from this IPO.



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