LIC IPO Launch Date, LIC IPO Launch Date 2022, Life Insurance Corporation, LIC IPO Date, LIC IPO Details, LIC IPO Size, LIC IPO GMP 2022, Check Details for LIC IPO date, LIC IPO Share Price 2022
Dear Readers let’s talk about today’s topic, LIC IPO Launch Date 2022: IPO Price, Lot Size & Details. The Life insurance pot of India was established on 1 September 1956, when the Parliament of India passed the Life Insurance of India Act that nationalized the insurance assiduity in India.
It has a market share of above 66.2% in new business premium, The company has a vast network of 1.35 million Insurance Agents and is the oldest insurance business with major government holdings.
LIC IPO Launch Date 2022: IPO Price, Lot Size
the Indian finance minister, is closely tracking the process. In preparation for the IPO worth Rs. 80,000 to 1 lakh crores, the company is preparing its financial statements to file the DRHP with SEBI for the last quarter.
We recommend that you read this post before proceeding with the LIC IPO Subscription. The government plans on raising between Rs. 80,000 and 1,00,000 crores through the upcoming IPO. The upcoming IPO is set to attract investors of all kinds.
LIC IPO Details
|IPO Opening Date||May 4, 2022|
|IPO Closing Date||May 9, 2022|
|Issue Type||Book Built Issue IPO|
|LIC IPO Size||1,00,000 Crore|
|IPO Price||₹902 to ₹949 per equity share|
LIC IPO subscription will open on 4th May 2022 and it will remain open for bidding till 9th may 2022. The Government of India (GoI) has fixed LIC IPO price band at ₹902 to s 949 per equity share.
The bidding time is 10.00 A.M. to 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
In 2022-2023 budget officials announced that, up to 10 per cent of the LIC IPO issue size would be reserved for its policyholders.
LIC IPO GMP
the Indian government will sell its 5% stake in the LIC IPO and use the proceeds to raise funds. The government will seek a total of 316,249,885 shares. For investors, the share will be priced at $10 per share. In addition, there will be a fixed quote for retail investors.
You can also get GMP price as per trade rules since the transaction isn’t official. the LIC IPO is an excellent investment opportunity for retail investors. However, experts are concerned about the amount of money that the government is raising through this IPO.
How to apply for LIC IPO
There are two categories made available–one for LIC Policyholders and the other is a general or all investors’ category. A bidder is allowed to apply for minimum one lot and maximum 14 lots of the LIC IPO.
Your PAN Card also needs to be linked with the policy if you want to apply under this category. LIC policyholders can enjoy benefits such as 10% reserved allocation and discount on the issue price. You can apply for the LIC IPO online via our online trading platform.
The GoI has announced ₹60 per equity share discount to the applicants having an LIC policy. However, only those LIC policyholders will be eligible for this discount who bought their policy on or before 13th April 2022, the day LIC filed its DRHP at SEBI.
LIC IPO Launch Date FAQs:
When will LIC IPO Come?
The LIC IPO date has been fixed for May 4. The LIC IPO will most likely open on May 4 and close on 09 May 2022.
What is the lot size of LIC IPO?
A bidder will be able to apply in lots and one LIC IPO lot will comprise 15 shares.
What is the price of LIC IPO?
LIC IPO price band is Rs 902 – Rs 949 per share.
What is the GMP of LIC IPO?
Dealers say LIC is commanding a grey market premium (GMP) of Rs 75. Life Insurance Corporation (LIC) is all set to launch what is going to be India’s largest initial share sale on May 4
Can I buy LIC IPO?
You can open a demat account by registering with a depository participant (DP), a list of which you can find on NSDL and CDSL websites.
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