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

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


new Delhi. The IPO of Life Insurance Corporation of India (LIC) is likely to come on March 11, 2022. Its size will be $ 8 billion (about Rs 60,000 crore). This will be the biggest IPO of the country till date. Earlier, Paytm had brought the biggest IPO of $ 2.5 billion last year.

Three sources related to the matter said that anchor investors will get a chance before common investors in LIC’s IPO. The IPO will open for anchor investors on March 11. After a day or two, it will be opened for common investors. March 11 is Friday, so it is believed that LIC’s IPO can open for common investors on Monday, March 14, 2022. Sources say that this IPO will get approval from the market regulator SEBI in the first week of March. After this its price band will be decided and for this the final paper will be submitted. However, LIC and the Finance Ministry did not comment on this matter.

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10% discount to policyholders
LIC is preparing to raise Rs 65,400 crore from its IPO. Sources said that the company can fix its issue price at Rs 2,000-2,100. In this, along with retail investors, employees of the company and policyholders can get some exemption. Employees and policyholders can get 10 per cent discount, while retail investors can get 5 per cent profit.

Change in prices only after talks with the government
The government has started a roadshow with investors for the issue. Sources related to the matter say that the prices may change after talks with the investors and the government. According to the documents submitted with SEBI, the government wants to sell its 5 percent stake in LIC through this IPO. This is very important in terms of the disinvestment target of the government.

Tags: IPO, LIC IPO, Life Insurance Corporation of India (LIC)


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