LIC IPO Date: LIC IPO to Open on Might 4- Know Worth Band, Proportion Worth and different IPO main points



LIC IPO Date: The much-awaited preliminary public providing of Existence Insurance coverage Company of India (LIC) will open on Might 4, 2022. The LIC IPO worth band has been set at Rs 902 to Rs 949 in keeping with fairness percentage. There may be anticipated to be a bargain of Rs 60 for the present LIC policyholders and Rs 40 bargain for retail traders and workers. 

“Even after decreased measurement, LIC shall be biggest IPO, we can name it LIC 3.zero segment,” mentioned Dipam Secretary Tuhin Kant Pande on the press meet. He additionally mentioned that “that is right-sized taking into account the capital marketplace surroundings and won’t crowd out capital and fiscal provide, given the present environmental constraints.”

The LIC IPO will open on Might Four and is more likely to shut on Might ninth. LIC is the oldest and maximum relied on insurance coverage corporate with virtually 30 crore policyholders. The corporate gives all kinds of goods together with insurance coverage schemes and endowment insurance policies for various age teams and forms of shoppers. 

LIC IPO Main points: Worth Band, Proportion Worth- All you wish to have to understand!

LIC IPO Date

The LIC IPO will open on Might 4th and shut on Might ninth. The LIC IPO anchor e book is predicted to open on Might 2d.

LIC IPO Worth Band

The mega LIC IPO Worth Band has been mounted at Rs 902-949 in keeping with percentage with Rs 60 bargain in keeping with percentage for policyholders and Rs 40 bargain in keeping with percentage for retail traders and workers. LIC is having a look to lift on the subject of Rs 21000 crore on the higher finish of the cost band. 

LIC IPO Dimension 

The LIC IPO measurement has been set at 221.eight million stocks. The problem measurement is predicted to be price round Rs 20,557 crore. 

LIC IPO Main points

  • The federal government is making plans to lift about $2.74 billion from promoting a three.five p.c stake in LIC.
  • The LIC valuation now stands on the subject of Rs 6 lakh crore, down from the sooner anticipated Rs 17 lakh crore.
  • The LIC IPO will open for anchor traders on Might 2d and for subscription on Might Four and shut on Might 9.
  • A bargain of Rs 45/percentage shall be supplied to the workers and retail traders and Rs 60/ percentage bargain shall be supplied to policyholders.
  • With the exception of policyholders and shareholders, the rest stocks shall be allotted thus 50 p.c for certified institutional patrons (QIBs), 35 p.c for retail patrons and 15 p.c for non-institutional traders. 
  • Roadshows for potential traders and analysts throughout Ahmedabad, Bengaluru, Kolkata, Mumbai, New Delhi and Rajkot will finish through this week. Assets informed Reuters that on-line roadshows for traders in different areas will proceed.

Background

LIC had filed draft papers with Securities and Trade Board of India (SEBI) in February 2021 the place it had mentioned that the federal government would promote a five p.c stake or 31.6 crore stocks within the state-run insurer.

Learn Additionally: Top Minister Modi to seek advice from Denmark, Germany, France from Might 2-Four in his first in another country seek advice from in 2022



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