Life Insurance Corporation (LIC) on Wednesday declares the launching of its Initial Public Offering (IPO) on Wednesday, May 4th. The issue would remain open till Monday, May 9th. Read the full post to get the crucial facts…..
Details About LIC IPO
The government has reserved 10% that’s around 3.16 crores of shares of LIC through IPO. Go through the table below for more updates.
|Opening Date May 4, 2022||Closing Date May 9, 2022||Price Band ₹902-₹949 per equity share|
|Issue Size 21,000 Cr||Face Value ₹10 per equity share||Market Lot 15 Shares|
LIC IPO Important Dates
Take a look at some of the important LIC IPO Dates you need to know before it hits the Indian market.
|IPO Open Date||May 4, 2022|
|IPO Close Date||May 9, 2022|
|Date Of Allotment||May 12, 2022|
|Initiation Of Refunds||May 13, 2022|
|Credit Of The Shares To Demat Account||May 16, 2022|
|IPO Listing Date||May 17, 2022|
|UPI Mandate Expiry Date||May 10, 2022|
LIC IPO – What Perks Are Waiting For The Policyholders?
LIC has reserved 10% of IPO Shares for the policyholders. Also, there is an additional discount of Rs 60 each share for the policyholders. LIC Policyholders are eligible under this quota if:
- The policy is issued on/before 13th Feb 2022.
- The LIC policy is linked to the PAN.
Why Should You Invest In LIC IPO?
Wondering why you should invest in LIC IPO? The company itself elaborates the reasons here:
- With a lineage of 65 years, it has a trustworthy network of 13 lakh agents.
- Has a manageable risk assessment and management framework.
Will LIC IPO The Biggest One?
The upcoming LIC IPO is expected to be the biggest Initial Public Offering in the Indian Stock Market. Some analyses have revealed the weaknesses however that’s for the short term. Let’s see how it responds and how well it performs in the coming days.
Stay tuned with financeteam.net for more updates like this in the future.
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