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LIC IPO To List On The Bourses On May 17; Key Dates To Remember

LIC IPO is expected to raise Rs 21,000 crore for the government of India, helping it massively in meeting its disinvestment target of Rs 65,000 crore for the years 2022-23.

Published: April 29, 2022 3:10 PM IST

By Business Desk | Edited by Raghav Aggarwal

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LIC IPO listed on the stock markets on May 17, it has fallen to all-time low several times ever since (File Photo)

LIC IPO | New Delhi: LIC IPO will list on the Indian share market on May 17. According to media reports, the IPO will hit the bourses just a week after the closing of its subscription, on May 9. The application will open on May 4 for retail investors. For anchor investors, the issue will open on May 2. The policyholders have been given a quota of 10 per cent in the issue. The employees and agents have been given a quota of 5 per cent.

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LIC IPO : Key Dates To Remember

  • May 2: The issue will open  for anchor investors. 
  • May 4: The issue opens for general public. 
  • May 9: The application for the LIC IPO closes.
  • May 17: LIC IPO lists on the Indian share market.

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.

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Published Date: April 29, 2022 3:10 PM IST