LIC IPO may open on March 10, know 15 important things about the country's biggest IPO

LIC IPO may open on March 10, know 15 important things about the country’s biggest IPO

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LIC IPO: The wait for the country’s biggest IPO is going to end soon. LIC’s IPO can open on 10 March. There will be time to subscribe till March 14. However, the government has not yet formally announced the date of opening of LIC’s IPO.

According to the information received so far, the issue price of the company could be Rs 2000-2100. The size of the issue of LIC can be Rs 65,000 crore. The government had submitted the draft paper of LIC on Sunday 13 February. The government has said that a decision on the valuation will be taken after the roadshow with the investors and its listing will be completed in March 2022.

Also read- LIC IPO: If you are a policyholder of LIC, then keep these five things in mind before buying IPO, there will be no problem, know full details

According to people associated with the matter, 3.16 crore shares in LIC’s IPO will be reserved for its 28.3 crore policyholders. The policyholders and employees of the company will also get a discount. Policyholders will get the issue 10% cheaper. LIC has about 13.5 lakh registered agents through which the company will try to make policyholders investors.

Below are some important facts related to LIC’s IPO.

LIC’s issue will open: March 10

Issue will be closed: March 14

Issue Price: Rs 2,000-2,100 per share

Issue Size: 31,62,49,885 Shares

Offer for sale: 31,62,49,885 shares will be issued with a value of Rs 65,416.29 crore

Discount: Employees and policyholders will get 10% discount

Price Band Announced: 7 March

Also read- To participate in LIC IPO, policyholders will have to update PAN by this date, otherwise they will not get shares

Anchor Investors Allotment: 9 March

Share Lots: 7 shares

Staff: 1.58 crore shares are in reserve, which will be available after 10% discount at Rs 1,890

Policyholders: 3.16 crore shares are in reserve, which will be available after 10% discount at Rs 1,890

Anchor Investors: 8.06 crore shares are in reserve whose value is Rs 16,935.18 crore.

Qualified Institutional Bidders: 5.37 crore shares are in reserve whose value is Rs 11,290.12 crore

Non Institutional Investors: There are 4.03 crore shares in reserve whose value is Rs 8,467.59 crore.

Retail Investors: 9.41 crore shares are in reserve, valued at Rs 19,757.71 crore

Listed rival companies: SBI Life Insurance Company, HDFC Life Insurance Company, ICICI Prudential Life Insurance Company

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

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