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LIC IPO | Explained | LIC Revises IPO Price Band, Should You Buy Or Not? Know What Experts Say

LIC IPO: The 'Mother of all IPOs' will open for subscription on May 4 and close on May 9. If successful, it will be the biggest IPO India has ever seen. The price band has been fixed at Rs 902-949 per share

Updated: April 29, 2022 11:23 AM IST

By Business Desk | Edited by Raghav Aggarwal

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LIC IPO will list on the bourses on May 17, 2022

LIC IPO | New Delhi: Early this week, the government of India announced the key details of the most anticipated IPO of the year, LIC IPO. According to the government’s announcement, the IPO will be priced at Rs 902-949 per equity share. To meet its disinvestment target of Rs 65,000 crore for the year 2022-23, the government aims to raise Rs 21,000 crore through the public offer. The IPO will open on May 4 and close on May 9 for investors. While for anchor investors, the issue will open on May 2.

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LIC IPO: Key Details Here

  • LIC IPO Amount: The government is aiming to raise Rs 21,000 crore through the public issue.
  • LIC IPO Price: The price band of the IPO has been fixed at Rs 902-949 per share.
  • LIC IPO Date: The IPO will open to the general public on May 4 and lose on May 9.
  • LIC IPO Size: The size of the disinvestment was reduced by the government from 5 per cent to 3.5 per cent owing to high market volatility.
  • LIC IPO for Policyholders: The policyholders will get a discount of Rs 60 per equity share in the LIC IPO.
  • LIC IPO for agents, and employees: They will get a discount of Rs 45 per equity share in the IPO.
  • LIC IPO Lot Size: An investor can apply for a minimum of 15 shares, which is the lot size for the IPO.
  • LIC IPO Apply: The Demat account holders will be able to apply for the IPO through their broker.
  • LIC IPO DRHP: The DRHP was updated by the government and submitted with the SEBI last week.
  • LIC IPO Details: If the government had missed the deadline of May 12, they would have been liable to submit the whole DRHP again with the SEBI.

LIC IPO: Buy or Not? Know Here

  • According to a report by Indian Express, Tuhin Kanta Pandey, Secretary, Department of Investment and Public Asset Management believes that the IPO is fair and of attractive valuation. He also said that the government wants LIC IPO to be a long-term value creator.
  • A fund manager was quoted by the report as saying that there is a lot of scope for LIC to grow and it would be a good idea to invest in the company for the medium and long run.
  • Another fund manager also said that the company has a lot of inherent strength and the valuation of the company is fine. They however said that there may be chances that investors will not see immediate listing gains. But the share is expected to perform well in three to four years.
  • Ravi Singh, Vice-President and Head of research, ShareIndia, however, was not fully convinced by the valuation. He was quoted as saying, “The price band is kept on the higher side, which is not an attractive price for adequate return growth. We recommend that investors may subscribe for listing day gains and wait for lower levels for long-term investment.”

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Published Date: April 29, 2022 11:13 AM IST

Updated Date: April 29, 2022 11:23 AM IST