LIC IPO Details: India’s Biggest IPO Is Opening Today!

The wait for the country’s biggest IPO will end today. LIC’s IPO will be open for retail investors on Wednesday, May 4 at 10 am. This much-awaited IPO will be open for investment till May 9. Those who have a Demat account can invest for one lot with a minimum of Rs 15,000.

LIC IPO
LIC IPO

LIC’s IPO was opened for anchor investors only on 2 May 2022. An investment of Rs 5627.3 crore has been made towards anchor investors. Anchor investors have applied for 5,92,96,853 equity shares at a price of Rs 949 per share. In this IPO, there are shares of Rs 5,620 crore for anchor investors.

Follow us on Google News For all Latest News and Finance Updates

LIC IPO open date: 4th May
LIC IPO close date: 9th May

LIC IPO details

  • The price band of LIC IPO is Rs 902-949 per share.
  • The lot size of LIC IPO is 15 shares.
  • Retail investors will be able to take a maximum of 14 lots in LIC IPO.
  • The government is selling a 3.5 percent stake in LIC IPO.
  • LIC IPO size of Rs 21,000 crore.
  • LIC IPO may list on May 17.
  • Rebate of Rs 45 per share to retail investors in LIC IPO.
  • 60 per share discount for LIC insured in LIC IPO.


What is the opinion of experts?

All the leading brokerages and market experts are advising you to invest in this IPO. Brokerage house Anand Rathi also believes that money can be invested in this IPO. According to Santosh Meena, Research Head, Swastik Investment, money can also be invested in this IPO. According to Yesha Shah, Head of Equity Research, Semco Securities, one can subscribe to LIC IPO.

Good response from anchor investors

This IPO has got a good response from anchor investors. Anchor investors include the Government of Singapore, Government Pension Fund Global, BNP Investments LLC, Monetary Authority of Singapore, Societe Generale, Invesco India, and Cent Capital Fund. Apart from these foreign investors, domestic investors include SBI Mutual Fund, ICICI Prudential, SBI Life Insurance, Aditya Birla Sun Life, Axis Mutual Fund, HDFC Trustee, Nippon Life, Kotak Mahindra Life Insurance, Larsen Mutual Fund, UTI Mutual Fund, Sundaram Mutual Fund, IDFC MF and Bajaj Allianz General Insurance have stakes.

Advertisements

ALSO, READ:

Sharing Is Caring:

Related Posts

Leave a Comment