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LIC mega IPO opens for retail, institutional investors; to close on May 9

LIC mega IPO opens for retail, instRead more about LIC mega IPO opens for retail, institutional investors; to close on May 9 on Business Standard. LIC public offer, the country's biggest-ever IPO, on Wednesday opened for subscription for retail and institutional investors.The government aims to generate about Rs 21,000 crore by diluting its 3.5 per cent stake in the insurance behemoth.The<br>Read More<br>

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LIC mega IPO opens for retail, institutional investors; to close on May 9

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  1. Downloaded from: justpaste.it/2dl4b LIC mega IPO opens for retail, institutional investors; to close on May 9 LIC public offer, the country’s biggest-ever IPO, on Wednesday opened for subscription for retail and institutional investors. LIC public offer, the country’s biggest-ever LIC IPO, on Wednesday opened for subscription for retail and institutional investors. The government aims to generate about Rs 21,000 crore by diluting its 3.5 per cent stake in the insurance behemoth. The LIC initial public offering (IPO), now open for retail and institutional investors, is set to close on May 9. LIC has fixed the price band at Rs 902-949 per equity share for the issue. The offer includes a reservation for eligible employees and policyholders. The retail investors and eligible employees will get a discount of Rs 45 per

  2. equity share, and policyholders will get a discount of Rs 60 per equity share. The share sale is through an offer-for-sale (OFS) of up to 22.13 crore equity shares. The shares are likely to be listed on May 17. LIC has cornered a little over Rs 5,627 crore from anchor investors led primarily by domestic institutions. Anchor Investors (AIs) portion (5,92,96,853 equity shares) was subscribed at Rs 949 per equity share…LIC IPO Date

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