LIC IPO Updates: Know how much the government has fixed for investors and how can the listing of this IPO be?

The issue price has been fixed at Rs 949.

For LIC IPO, the government has fixed the issue price of Rs 949, which is the upper limit of the price band. With the help of this, the government will be able to collect Rs 20557 crore. This IPO will be listed on May 17.

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TV9 Hindi

TV9 Hindi , Edited By: Shashank Shekhar

May 14, 2022 | 7:42 am




Life Insurance Corporation (Life Insurance Corporation)’s mega IPO listing will happen next week. The government has fixed the issue price for this. LIC IPO ,LIC IPO) the government has fixed the issue price of Rs 949, which is the upper limit of the price band. With the help of this, the government will be able to collect Rs 20557 crore. This will be the IPO list on May 17, which got subscription 3 times the issue size. The subscription to this IPO was open on May 4, which closed on May 9. Share allocated on 12th May. The government has sold 3.5 per cent stake in Life Insurance Company. A total of 22.13 crore shares have been issued.

The government had fixed the issue price of Rs 902-949 for this IPO. A discount of Rs 45 was offered for retail investors and employees of the company. A discount of Rs 60 was offered to the policy holders. The issue price has been fixed at Rs 889 for policy holders and Rs 904 for retail investors.

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