03 May , 2022 By : Kanchan Joshi
LIC IPO: he Initial Public Offering (IPO) of the insurance behemoth Life Insurance Corporation (LIC) of India is going to hit primary markets on 4th May 2022 i.e. tomorrow. The Government of India (GoI) has fixed LIC IPO price band at Rs902 to Rs949 per equity share announcing Rs60 discount to the policyholders and Rs45 discount to LIC employees applying for the public issue. The public issue will remain open for bidding till 9th May 2022.
Here we list out important LIC IPO details that you should know:
LIC IPO GMP: According to market observers, LIC IPO grey market premium (GMP) today is Rs85, which is Rs16 higher from its yesterday's grey market premium of Rs69.
LIC IPO date: The public issue will open on 4th Mqay 2022 and it will remain open for bidding till 9th May 2022.
LIC IPO price: The GoI has fixed LIC IPO price band at Rs902 to Rs949 per equity share.
LIC IPO size: The GoI aims to raise Rs21,008.48 crore from its much-awaited public offer.
LIC IPO lot size: An applicant will be able to apply in lots and one LIC IPO lot comprises 15 LIC shares.
LIC IPO application limit: One bidder can apply for minimum one lot whereas maximum lots allowed for single bidder is 14.
LIC IPO investment limit: As one bidder can apply for minimum one lot and maximum 14 lots, minimum amount required to apply for the LIC IPO is Rs14,235 ( Rs949 x 15) whereas maximum amount allowed for single retail investor is Rs1,99,290 [( Rs949 x 15) x 14].
Discount for LIC policyholders: GoI has announced Rs60 per equity discount for applicant applying under policyholders category.
Discount for LIC employees: GoI has announced Rs45 per equity discount to LIC employees applying for the public issue under employees category.
LIC IPO allotment date: The like date for share allocation announcement is 12th May 2022.
LIC IPO listing: Shares of LIC will list on BSE and NSE and the likely date for share listing is 17th May 2022.
LIC IPO registrar: KFin Technologies Limited is the official registrar of LIC IPO.
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