LIC share price

May 17, 2022

Of India LIC at 902- 949 a share with a. According to sources Life Insurance Corporation LIC would offer a Rs 60 discount for policyholders and Rs 40 for retail investors and employees.

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Bidding for Life Insurance Corporations initial public offering IPO the largest the country has ever seen ended on Monday.

. The Indian government is expecting to raise 24 billion from the LIC IPO and has indicated that 10 of the share issues may be reserved for LIC policyholders. There is expected to be a discount of Rs 60 for the existing LIC. Jump to navigation India Today Live TV is now available in United States click here to Watch Live.

The government will divest a 35 stake in Life Insurance Corp. The LIC IPO price band has been set at Rs 902 to Rs 949 per equity share. LIC IPO Price.

The government has set the price band for the initial share sale of state-run Life Insurance Corp. Those interested in buying LIC shares can bid for them in lots where one lot comprises 15 shares. The retail investors and eligible employees of LIC were offered a discount of Rs 45 per equity share over the issue price while policyholders got a discount of Rs 60 per share.

Life Insurance Corporation LIC has reportedly set its price band for the initial public offer IPO that is likely to open for public bidding on May 4 in Rs 902-949 range. Meanwhile the company is set to officially announce the same in a. A bidder can apply for minimum one lot and a maximum of 14 lots.

The government is selling over 2213 crore shares in LIC at a price band of Rs 902-949 a piece in the initial public offering which opens on May 4 and closes on May 9. The government sold over 2213 crore shares or 35 per cent stake in LIC through the IPO at a price band of Rs 902-949 a share. LIC would offer a Rs 60 discount for policyholders and Rs 40 for retail investors and employees.

Insurance giant LIC has fixed the price band at Rs 902-949 per share for the Rs 21000 crore public offer that is likely to open on 4 May sources said. Retail investors will get a 45 per share discount on the cut-off price while. Indias largest insurer LIC is likely to list on the stock exchanges on May 17 a week after its bumper initial public offering IPO closes.

Allotments will be done on May 12 and shares will be credited to the demat accounts on May 16. Of India LIC in the 902-949 price band in the initial public offer IPO that will open on May 4. Life Insurance Corporation would offer a Rs 60 discount for policyholders and Rs 40 for retail investors and employees.

The IPO will close on May 9. The LIC IPO in India was a pure offer for sale of up to 22137 million shares. The firm reserved around 59.

LIC which slashed around 60 per cent of its issue size due to poor market conditions had earlier fixed the price band at Rs 902-949 a share. Meanwhile investment banks like iBank and others will be invited in June 2021 to submit their proposals for the initial public. As per the information available on BSE website LIC IPO price band has been fixed at 902 to 949 per equity share.

The LIC IPO price is yet to be announced.

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