Lic ipo

The IPO, which opened on May 4th, will close on on May 9. Bidding for LIC IPO will also remain open on Saturday, May 7. LIC has fixed the price band at ₹902-949 per equity share for the issue. There is reserved portion for eligible employees and policyholders.LIC shares will be listed on May 17. The country's largest life insurer, Life Insurance Corporation (LIC) of India, launched its blockbuster initial public offering (IPO) on May 4, 2022. It is open to the general public until May 9, 2022. Applicants can apply in lots - one LIC IPO lot comprises 15 LIC shares. An applicant can apply for a minimum of one and a maximum of 14 lots. As a result, the minimum amount required to apply for the LIC IPO is ₹14,235 ( i.e. ₹949 x 15).LIC IPO: Life Insurance Corporation of India's (LIC's) ₹ 21,000 crore IPO, India's largest public issue, has been 100% subscribed on the second day of bidding on Thursday. LIC IPO: The Centre plans to raise ₹ 21,000 crore by diluting a 3.5 per cent stake in LIC. The LIC IPO is a series of disinvestments expected soon, intending to raise Rs.1.75 lakh crore from asset sales to revive the Indian economy. The Life Insurance Corporation of India was established on September 1, 1956, following the Life Insurance Corporation Act, 1956 by the Indian Parliament.

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