LIC IPO: Key update on price band, discount for policyholders
2 years, 9 months ago

LIC IPO: Key update on price band, discount for policyholders

India Today  

The government is planning to file final papers for the LIC's Initial Public Offering with market regulator the Securities and Exchange Board of India, according to a PTI report. LIC IPO DATE The government is presently in the wait-and-watch mode because of the market volatility due to the Russia-Ukraine war and will decide on the timing of the IPO of Life Insurance Corporation. WHY LIC IPO IS KEY The government was expecting to garner over Rs 60,000 crore by selling about 31.6 crore or 5 per cent shares in the life insurance firm to meet the curtailed disinvestment target of Rs 78,000 crore in the current fiscal. As per the draft prospectus, LIC's embedded value, which is a measure of the consolidated shareholders' value in an insurance company, was pegged at about Rs 5.4 lakh crore as of September 30, 2021, by international actuarial firm Milliman Advisors. BIGGEST IPO IN INDIA At a 5 per cent stake dilution, the LIC IPO would be the biggest ever in the history of the Indian stock market and once listed, its market valuation would be comparable to top companies like RIL and TCS.

Share Crore Pti Ipo Rhp Price Band Lic Lic Ipo  ipo  band  rs  papers  discount  lic  crore  share  insurance  shares  key  price  policyholders  drhp  market  update

History of this topic

LIC IPO: Investors may get shares dividend, hints insurer
2 years, 6 months ago

LIC IPO: Investors may get shares dividend, hints insurer

India Today  

Life Insurance Corporation of India will hold a meeting of its board of directors to consider and approve payment of dividends, if any, the insurance behemoth said in a BSE-filing. The country's largest insurer made a lacklustre debut on stock exchanges, listing at over 8 per cent discount after a successful initial public offering which fetched Rs 20,557 crore for …

LIC Listing Highlights: Shares Lists at Discount; Weak LIC Listing Due to Unpredictable Market Conditions, Says DIPAM Secy
2 years, 7 months ago

LIC Listing Highlights: Shares Lists at Discount; Weak LIC Listing Due to Unpredictable Market Conditions, Says DIPAM Secy

News 18  

Life Insurance Corporation of India shares made a tepid debut on the stock exchanges on Tuesday, May 17, listing at a discount to the IPO price. LIC shares started trading at Rs 865 apiece, down 8.65 per cent from its IPO price of Rs 949 on BSE. LIC IPO opened for subscription from May 4-9 with a price band of …

LIC Share Lists at Discount: Buy, Sell or Hold, What Should LIC Investors, Policyholders Do?
2 years, 7 months ago

LIC Share Lists at Discount: Buy, Sell or Hold, What Should LIC Investors, Policyholders Do?

News 18  

Life Insurance Corporation of India shares made a lacklustre debut on the stock exchanges on Tuesday, listing at discount to the IPO price. We were expecting listing gains due to discounted valuations of LIC compared to private life insurance player,” he added. “Investors could hold the shares post listing for long term gains rather than have knee-jerk reaction due to …

LIC IPO listing: Direct link to check share price
2 years, 7 months ago

LIC IPO listing: Direct link to check share price

India Today  

Shares of Life Insurance Corporation of India are being listed on stock exchanges on Tuesday. LIC SHARE PRICE The LIC IPO listing date is here and shares are being listed on Sensex and Nifty. The LIC IPO -- India's largest to date -- closed with nearly 3 times subscription, predominately lapped up by retail and institutional buyers, but foreign investor …

LIC set to debut shares on stock market today; here's what you need to know
2 years, 7 months ago

LIC set to debut shares on stock market today; here's what you need to know

Firstpost  

LIC had last month reduced its IPO size to 3.5 per cent from 5 per cent decided earlier due to the prevailing choppy market conditions New Delhi: The country’s largest insurer LIC will list its shares on the stock exchanges on Tuesday after witnessing a good response from domestic investors in the initial share sale, which fetched Rs 20,557 crore …

Indian insurer LIC slides in market debut after record IPO
2 years, 7 months ago

Indian insurer LIC slides in market debut after record IPO

Al Jazeera  

LIC’s weak debut comes even as stocks in India and the broader Asian market rallied on Tuesday. India’s biggest insurer and largest domestic financial investor was trading at 887 rupees as of late morning, giving it a market value of about 5.6 trillion rupees and making it the country’s fifth-biggest company. Fintech firm Paytm plunged in its debut last November …

LIC Policyholders: Buy, Sell or Hold, What Should you Do After LIC IPO Lists on Tuesday?
2 years, 7 months ago

LIC Policyholders: Buy, Sell or Hold, What Should you Do After LIC IPO Lists on Tuesday?

News 18  

The Life Insurance Corporation of India is all set to start its stock market journey on Tuesday, May 17. However, LIC IPO is listing at a time when stock market is extremely volatile and the central bank is rising interest rates to tame surging inflation. So if you have received the share of LIC, here is a listing day strategy …

LIC IPO GMP Update: What Investors Should Expect from LIC IPO Listing Tomorrow
2 years, 7 months ago

LIC IPO GMP Update: What Investors Should Expect from LIC IPO Listing Tomorrow

News 18  

LIC IPO: The shares of insurance major LIC will make their market debut Tuesday, May 17. The price band for the LIC IPO was fixed at Rs 902-Rs 949 per equity share. GPM is a premium amount at which grey market IPO shares are traded and it reflects how the IPO is likely to react on its listing day. The …

LIC IPO: Issue Price Fixed At Rs 949 Per Share; Listing Likely On May 17
2 years, 7 months ago

LIC IPO: Issue Price Fixed At Rs 949 Per Share; Listing Likely On May 17

News 18  

Life Insurance Corporation, which recently concluded its initial public offering with 2.95 times subscription, has set an IPO issue price of 949 per share. The country’s largest LIC IPO, which was open for public subscription between May 4 and May 9, received 47.83 crore bids as against the offer size of 16.21 crore. Pandey also said LIC IPO subscribed 2.95 …

LIC IPO allotment today: Direct link to check share application status
2 years, 7 months ago

LIC IPO allotment today: Direct link to check share application status

India Today  

The LIC IPO allotment date is here and applicants on Thursday will get to know whether they have been allotted shares of the national insurer or not. LIC IPO ALLOTMENT STATUS To check the status of your application in the LIC IPO, you need to go to https://www.bseindia.com/investors/appli_check.aspx You need to enter details such as issue type, issue name, application …

LIC IPO GMP Today, Share Allotment Date, Status, Listing Date; All you Need to Know
2 years, 7 months ago

LIC IPO GMP Today, Share Allotment Date, Status, Listing Date; All you Need to Know

News 18  

LIC IPO: The initial public offering of Life Insurance Corporation of India has received a healthy response from investors as the offer has subscribed 2.95 times, receiving bids for 47.83 crore equity shares against LIC IPO size of 16.2 crore equity shares in total, as the six-day long subscription came to an end. DIPAM Secretary Tuhin Kanta Pandey on Monday …

Retail investors contributed most to LIC IPO success, says DIPAM secretary Tuhin Kanta Pandey
2 years, 7 months ago

Retail investors contributed most to LIC IPO success, says DIPAM secretary Tuhin Kanta Pandey

The Hindu  

The initial public offer of the Life Insurance Corporation of India closed successfully on Monday evening at 7 p.m. and is expected to yield about ₹20,500 crore to the exchequer, top finance ministry officials said. “I am pleased to inform you that the offer that was started on May 4, has closed today at 7 pm, and it has met …

LIC IPO allotment date: How to check application status
2 years, 7 months ago

LIC IPO allotment date: How to check application status

India Today  

The initial public offering of LIC is all set to close for subscription on Monday. Those who have applied for LIC's IPO, are eagerly waiting to know whether they have been allotted coveted shares of Life Insurance Corporation or not. LIC IPO ALLOTMENT DATE Shares of LIC will be listed on BSE and NSE on May 17. LIC SHARE ALLOTMENT …

LIC IPO Last Day Subscription Update: IPO Booked 2.95 Times; Retail Investors Make Record Bids
2 years, 7 months ago

LIC IPO Last Day Subscription Update: IPO Booked 2.95 Times; Retail Investors Make Record Bids

News 18  

The initial public offering of Life Insurance Corporation of India was subscribed 2.95 times on the sixth and the last day of bidding on Monday. LIC’s initial public offering has received 2.95 times subscription on the final day of bidding, with the portion reserved for qualified institutional buyers fully booked. LIC IPO Subscription Update At The End of Day 6, …

LIC IPO subscription closes today | Check status
2 years, 7 months ago

LIC IPO subscription closes today | Check status

India Today  

The subscription process for LIC's initial public offering is closing on Monday. The initial public offering, which is set to be India's biggest ever initial share sale, has received a positive response so far as all categories were subscribed fully. Shares reserved for non-institutional investors, including high-networth individuals, were subscribed fully, taking the overall subscription of the LIC's IPO to …

LIC IPO subscription status: Issue booked over 2x on last day. Latest updates
2 years, 7 months ago

LIC IPO subscription status: Issue booked over 2x on last day. Latest updates

Live Mint  

Life Insurance Corporation's IPO, the country's biggest initial public offer, was subscribed more than 2 times on the final day of the issue that closes today. As of 3:10 pm on the last day of the bidding, LIC IPO has been subscribed 2.71 times with retail investors' category booked 1.90x. Even after the reduced size of about ₹20,557 crore, LIC …

LIC IPO GMP, Subscription, Review; Your Last Chance to Invest Today, Should you Apply or Not?
2 years, 7 months ago

LIC IPO GMP, Subscription, Review; Your Last Chance to Invest Today, Should you Apply or Not?

News 18  

LIC IPO: The initial public offering of Life Insurance Corporation continues to attract retail investors, including employees and policyholders, who are among the top bidders for the issue so far. Today, May 9, is the last day to subscribe to the Rs 21,000 crore LIC IPO, the state-owned insurance behemoth, has subscribed 1.79 times till May 8, the fifth day …

LIC IPO: What GMP (grey market premium) signals as subscription ends today
2 years, 7 months ago

LIC IPO: What GMP (grey market premium) signals as subscription ends today

Live Mint  

LIC IPO opened for subscription on 4th May 2022 and bidding for the public offer of insurance behemoth is going to end on 9th May 2022 i.e. LIC IPO GMP Market observers said that LIC IPO GMP today is ₹36, which is ₹24 lower from its yesterday's grey market premium of ₹60. They said that after scaling up to ₹92 …

LIC IPO: Non-institutional investors portion fully subscribed on 4th Day
2 years, 7 months ago

LIC IPO: Non-institutional investors portion fully subscribed on 4th Day

Live Mint  

LIC IPO: The mega public offer continued to receive massive demand from policyholders, employees, and retail investors on the fourth day as well. Data given on NSE showed that LIC IPO oversubscribed by 1.66 times with cumulative bids of 26,83,18,335 equity shares against the offered size of 16,20,78,067 equity shares. The portion reserved for non-institutional investors subscribed fully by 1.08 …

LIC IPO: Retail portion subscribed fully on day three
2 years, 7 months ago

LIC IPO: Retail portion subscribed fully on day three

India TV News  

Highlights LIC IPO is going to be the biggest initial public offering ever in the country The government is diluting its 3.5 per cent stake in the insurance behemoth The government aims to generate about Rs 21,000 crore from the offer The initial public offering of the insurance behemoth Life Insurance Corporation was subscribed fully in the first hour of …

LIC IPO fully subscribed on day 2; offer closes on May 9
2 years, 7 months ago

LIC IPO fully subscribed on day 2; offer closes on May 9

The Hindu  

LIC’s public offer, the country’s biggest-ever IPO, was fully subscribed on the second day of bidding on Thursday. To facilitate this, Reserve Bank of India directed all ASBA-designated bank branches to remain open for public on Sunday to facilitate processing of applications for LIC's initial public offering. State-owned LIC's Initial Public Offering, the country's biggest ever offer, opened for subscription …

LIC IPO: You can now apply for subscription during weekend
2 years, 7 months ago

LIC IPO: You can now apply for subscription during weekend

India Today  

Willing investors can now apply for Life Insurance Corporation of India's initial public offering even during the weekend. Meanwhile, the Reserve Bank of India has also stated that all Application Supported by Blocked Amount -designated bank branches would remain open for the public on Sunday to facilitate processing of applications for LIC's IPO. The Government of India, in order to …

LIC IPO subscription status: Top points you need to know
2 years, 7 months ago

LIC IPO subscription status: Top points you need to know

India Today  

India's biggest initial public offering, LIC IPO, has received an overwhelming response from the insurer's employees and policyholders so far. LIC IPO SUBSCRIPTION STATUS The portion reserved for policyholders was subscribed 2.15 times. LIC's public offer saw the policyholders' portion being oversubscribed on the first day itself on Wednesday, though overall subscription stood at 67 per cent yesterday. LIC IPO …

LIC IPO: On Day 1, overall subscription at 67% | Key updates
2 years, 7 months ago

LIC IPO: On Day 1, overall subscription at 67% | Key updates

Hindustan Times  

Life Insurance Corporation's public offer, the country's biggest-ever IPO, saw the policyholders' portion being oversubscribed on the first day itself on Wednesday, though overall subscription stood at 67 per cent, even as a surprise rate hike by the Reserve Bank of India roiled markets. Here are top developments: >The portion set aside for policyholders was subscribed 1.99 times at the …

LIC IPO Listing: What Are the Pros and Cons of Investing in It?
2 years, 7 months ago

LIC IPO Listing: What Are the Pros and Cons of Investing in It?

The Quint  

The wait is over! India’s biggest-ever Initial Public Offering, that of the Life Insurance Corporation of India kicked off for subscription for retail institutional investors today, that is on 4 May. Since it's completely an offer for sale, all the proceedings will directly go to the government which is expecting to raise Rs 21,000 crore by selling a 3.5% stake …

LIC IPO booked over 30% so far, bids to stay open Saturday for retail investors
2 years, 7 months ago

LIC IPO booked over 30% so far, bids to stay open Saturday for retail investors

Hindustan Times  

India’s largest initial public offering, which is expected to fetch 210 billion rupees, started taking orders from individuals and other categories after attracting anchor investors including sovereign funds from Norway and Singapore. A man cleans a hoarding of Life Insurance Corporation of India before the start of a news conference about the LIC initial public offering launch, in Kolkata, Retail …

LIC IPO first day first show: Positive start for India's biggest IPO | Check Subscription status
2 years, 7 months ago

LIC IPO first day first show: Positive start for India's biggest IPO | Check Subscription status

India Today  

India's biggest initial public offering is finally here. LIC IPO SUBSCRIPTION DATE The LIC IPO opened for subscription on Wednesday and the application process will continue till May 9. Ahead of the subscription period, LIC's IPO saw 'excellent' response as the anchor investor portion was subscribed fully, garnering around Rs 5,620 crore. The LIC IPO would be the biggest ever …

LIC IPO | Policyholders’ portion oversubscribed; overall subscription at 67% on day 1
2 years, 7 months ago

LIC IPO | Policyholders’ portion oversubscribed; overall subscription at 67% on day 1

The Hindu  

LIC’s public offer, the country’s biggest-ever IPO, saw the policyholders’ portion being oversubscribed on the first day itself on May 3, though overall subscription stood at 67%. The retail investors and eligible employees will get a discount of ₹45 per equity share, while policyholders will get a discount of ₹60. Retail Individual Investor category picked up nearly 50 per cent …

LIC IPO Opens Today: India's Biggest Public Issue Live Now, Here's How to Buy LIC IPO Shares
2 years, 7 months ago

LIC IPO Opens Today: India's Biggest Public Issue Live Now, Here's How to Buy LIC IPO Shares

News 18  

LIC IPO: The Dalal Street has been set abuzz once again, with India?s largest life insurer, Life Insurance Corporation of India is opening its initial public offering on May 4, Wednesday. The LIC IPO opens today, which means the wait is over for subscribers and investors who want to invest in the largest public issue in India?s history. The LIC …

India’s biggest IPO opens in midst of volatile markets
2 years, 7 months ago

India’s biggest IPO opens in midst of volatile markets

Al Jazeera  

Through the IPO of state-run LIC, India expects to raise $2.7bn from the sale of a 3.5 percent stake. State-owned Life Insurance Corporation’s $2.7bn IPO, India’s largest, has opened to subscriptions from retail and other investors following strong demand from anchor investors led by domestic mutual funds. The Indian government expects to raise the sum, just a third of its …

LIC IPO opens for policyholders, investors today | Price band, how to apply
2 years, 7 months ago

LIC IPO opens for policyholders, investors today | Price band, how to apply

India Today  

The much awaited initial public offering of LIC opened for policyholders and investors on Wednesday. Ahead of the LIC IPO's subscription process, the anchor investor portion was subscribed fully, garnering around Rs 5,620 crore. LIC IPO SUBSCRIPTION DATE The LIC IPO opens for institutional and retail buyers, policyholders, and employees on May 4. LIC IPO PRICE BAND, SIZE The government …

LIC IPO: State insurer raises over Rs 5,600 crore from anchor investors
2 years, 7 months ago

LIC IPO: State insurer raises over Rs 5,600 crore from anchor investors

India Today  

The LIC IPO got off to a bumper start as the national insurer garnered around Rs 5,620 crore. Of the over 22.13 crore LIC shares on offer, over 9.88 crore shares are reserved for qualified institutional buyers and over 2.96 crore shares for non-institutional buyers. LIC's embedded value, which is a measure of the consolidated shareholder's value in an insurance …

LIC IPO: SBI, Aditya Birla, ICICI Pru, 2 Others Make Investment Commitments; Check Details
2 years, 7 months ago

LIC IPO: SBI, Aditya Birla, ICICI Pru, 2 Others Make Investment Commitments; Check Details

News 18  

Even as the LIC IPO is all set to hit the market this week, investors have started making commitments for the initial public offer. Norway’s Norges Bank Investment Management, Singapore’s GIC Pte, and Abu Dhabi Investment Authority have also committed to becoming anchor investors in the LIC IPO, according to a Bloomberg report. LIC IPO: Date, Size, Quota The price …

LIC IPO Next Week: Investors Need To Know These Pitfalls Before Investing
2 years, 7 months ago

LIC IPO Next Week: Investors Need To Know These Pitfalls Before Investing

News 18  

Even as the LIC IPO is all set to hit the market next week, the much-awaited offer has always been in the limelight due to its sheer size and the company?s huge market share in the life insurance segment. The state-owned insurer?s VNB as of September 2021 stood at 9.9 per cent, whereas its peers ICICI Prudential Life, HDFC Life, …

LIC IPO Opens Next Week: Key Things to Know Before Buying LIC Shares
2 years, 7 months ago

LIC IPO Opens Next Week: Key Things to Know Before Buying LIC Shares

News 18  

LIC IPO: India’s largest insurer Life Insurance Corporation is set to open its initial public offering or IPO next week. LIC IPO Price Band: The price band of LIC IPO is set at Rs 902 to Rs 949 per equity share, with a Rs 60 discount for policyholders and Rs 45 discount for employees and retail investors. The price band …

LIC IPO opens next week. GMP, date, price, other details you should know
2 years, 7 months ago

LIC IPO opens next week. GMP, date, price, other details you should know

Live Mint  

LIC IPO: The Initial Public Offering of Life Insurance Corporation of India is going to hit primary market next week. - LIC IPO date: The public issue will open on 4th May 2022 and it will remain open for bidding till 9th May 2022. - LIC IPO discount: The GoI has announced ₹60 per equity share discount for IPO applicants …

LIC IPO: A Guide for LIC Policyholders to Buy Shares at Discounted Rates
2 years, 7 months ago

LIC IPO: A Guide for LIC Policyholders to Buy Shares at Discounted Rates

News 18  

LIC IPO: The mega initial share sale of the Life Insurance Corporation of India, or LIC, is finally set to open next week, on May 4 and close on May 9. LIC IPO: Discount for Policyholders At the moment, what most people across India may find attractive is the discount LIC policyholders get while buying shares of the LIC IPO. …

LIC IPO: Norway, Singapore, Abu Dhabi Sovereign Funds To Invest As Anchor Investors; Know More
2 years, 7 months ago

LIC IPO: Norway, Singapore, Abu Dhabi Sovereign Funds To Invest As Anchor Investors; Know More

News 18  

Norway’s Norges Bank Investment Management, Singapore’s GIC Pte, and Abu Dhabi Investment Authority have committed to becoming anchor investors in the LIC IPO. LIC IPO Date, Price, Quota The LIC IPO will be open for subscriptions on May 4 and close on May 9, with anchor investors participating on May 2. DIPAM Secretary Tuhin Kanta Pandey has said the valuation …

LIC IPO GMP, Valuation, Quota, Discount: IPO to Open Next Week, Should you Invest?
2 years, 7 months ago

LIC IPO GMP, Valuation, Quota, Discount: IPO to Open Next Week, Should you Invest?

News 18  

LIC IPO: The Initial Public Offering of insurance behemoth Life Insurance Corporation of India will open for subscriptions on May 4 and close on May 9, with anchor investment opening on May 2. Yash Gupta-equity research Analyst, Angel One Ltd said, “The issue size of the IPO is Rs 21,000 crore with a valuation of Rs 6,00,000 crore. Earlier it …

LIC IPO: Shares at premium in grey market, say observers. What GMP indicates?
2 years, 7 months ago

LIC IPO: Shares at premium in grey market, say observers. What GMP indicates?

Live Mint  

LIC IPO: The Initial Public Offering of insurance behemoth Life Insurance Corporation of India is going to hit Indian primary markets next month. LIC IPO GMP Market observers said that LIC IPO GMP today is ₹20, which is ₹28 down from its grey market premium on Wednesday. They said that negative market sentiments could be the possible reason for this …

LIC’s Rs.21K crore IPO, India\'s largest, to open on May 4
2 years, 7 months ago

LIC’s Rs.21K crore IPO, India\'s largest, to open on May 4

Deccan Chronicle  

Mumbai: State-run insurance behemoth Life Insurance Corporation of India’s initial public offer at Rs 21,000 crores will be India’s largest IPO so far, even after the Central government brought down the stake sale on offer to 3.5 per cent from the earlier 5 per cent. Around 6.48 crore policyholders of the state-run insurance behemoth have updated their PAN to participate …

LIC IPO Valuation Reduced; Still Biggest-Ever IPO In India; What Investors Need To Know
2 years, 7 months ago

LIC IPO Valuation Reduced; Still Biggest-Ever IPO In India; What Investors Need To Know

News 18  

The valuation of Life Insurance Corporation is “fair and attractive” and the government expects significant participation of retail investors in the LIC IPO, DIPAM Secretary Tuhin Kanta Pandey said on Wednesday. “While LIC valuations appear to be cheap as compared to listed private players, investors need to keep in mind that LIC has a lower VBN margin of 9.9 per …

LIC IPO Launch Highlights: 'Mother of All IPOs' is Here; Issue Opens on May 4
2 years, 7 months ago

LIC IPO Launch Highlights: 'Mother of All IPOs' is Here; Issue Opens on May 4

News 18  

LIC IPO Live Updates: The Life Insurance Corporation’s public issue offer, India’s biggest is finally here. With the revised price band, the government now expects to raise up to Rs 21,000 crore from selling a 3.5 per cent stake in LIC in place of the earlier 5 per cent, a third of the original expectations. The Securities and Exchange Board …

LIC fixes price band at ₹902-949 for May 4 IPO
2 years, 7 months ago

LIC fixes price band at ₹902-949 for May 4 IPO

The Hindu  

The Life Insurance Corporation of India on April 27 fixed its price band at ₹902- 949 per share for its Initial Public Offering set to open on May 4. Earlier, the government had planned to sell 5% of its stake in LIC, amounting to 31.6 crore shares, and had filed draft papers to that effect with Securities and Exchange Board …

LIC IPO announced: Date, price band, discounts, bid lot for policyholders, employees, investors
2 years, 7 months ago

LIC IPO announced: Date, price band, discounts, bid lot for policyholders, employees, investors

India Today  

Life Insurance Corporation of India's on Wednesday announced the largest-ever initial public offering in India. LIC policyholders and its employees and general investors must go through all the details carefully before parking money in the IPO. With this IPO, the government would sell a 3.5 per cent stake in the insurance giant by selling 22.13 crore shares. LIC has reserved …

LIC IPO Price Band, Lot Size, Quota, Dates Announced; IPO to Open on May 4
2 years, 7 months ago

LIC IPO Price Band, Lot Size, Quota, Dates Announced; IPO to Open on May 4

News 18  

Life Insurance Corporation of India is all set to open its much-awaited initial public offering on May 4. All you need to know about LIC IPO date, price, discounts reserved quota and other details LIC IPO Dates: Investors can start bidding for LIC IPO from May 4 to May 9. LIC IPO Price: The company has fixed the price range …

LIC Policyholders: Want to Buy LIC IPO at Discounted Rate? Key Things to Know
2 years, 7 months ago

LIC Policyholders: Want to Buy LIC IPO at Discounted Rate? Key Things to Know

News 18  

LIC IPO: The much-awaited IPO of the state-run insurance behemoth, Life Insurance Corporation, is set to open on May 4 and close on May 9, sources said. According to the LIC DRHP filed with Sebi, up to 10 per cent will be reserved for eligible LIC policyholders under the policyholder reservation portion. Here are things that policyholders who are looking …

LIC IPO to Open on May 4: Price, Quota, Discount for Policyholders to be Announced Today
2 years, 7 months ago

LIC IPO to Open on May 4: Price, Quota, Discount for Policyholders to be Announced Today

News 18  

Life Insurance Corporation of India is all set to announce the offer price and discounts for its policyholder and retail investors of its initial public offering on Wednesday. The much-awaited LIC IPO is expected to be priced in the range of Rs 902-949 per share, according to the sources. LIC IPO Price The price band for mega LIC IPO has …

LIC IPO: FDI Tweak, Policyholders' Discount, Govt Goes The Distance to Make IPO a Success
2 years, 7 months ago

LIC IPO: FDI Tweak, Policyholders' Discount, Govt Goes The Distance to Make IPO a Success

News 18  

As the LIC IPO is set to hit the market in the first week of May, the government and Life Insurance Corporation‘s executives are making all-out efforts to make the initial public offering a success. Recently, the government also amended the Foreign Exchange Management Act’s rules, paving the way for up to 20 per cent foreign direct investment in LIC. …

LIC fixes price band at Rs 902-949 a share for Rs 21,000 crore IPO, issue to hit markets on 4 May
2 years, 7 months ago

LIC fixes price band at Rs 902-949 a share for Rs 21,000 crore IPO, issue to hit markets on 4 May

Firstpost  

The government in February had planned to sell a 5 percent stake in Life Insurance Corporation. However, the ongoing market volatility due to the Russia-Ukraine war made it lower the issue size to 3.5 percent New Delhi: Insurance giant LIC has fixed the price band at Rs 902-949 per share for the Rs 21,000 crore public offer that is likely …

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