te LIC IPO: Check confirmed details of share price band, discount for retail investors, employees and policyholders; launch, open, closing date of issue

LIC IPO: Check confirmed details of share price band, discount for retail investors, employees and policyholders; launch, open, closing date of issue

LIC IPO: The issue is likely to open for subscription on May 4 and is expected to close on May 9.

LIC IPO: Check confirmed details of share price band, discount for retail investors, employees and policyholders; launch, open, closing date of issue
LIC IPO: Last week, the government decided to lower the issue size to 3.5 per cent. Reuters pic.

LIC IPO: In a major development, LIC IPO share price band and discount for retail investors and policyholders have been confirmed. The size of LIC IPO will be Rs 21,257 crores.

Here are details:-

LIC IPO: Price band

TRENDING NOW

Rs 902-949

LIC IPO: Discount for retail investors

Rs 45 per share discount

LIC IPO: Discount for employees

Rs 45 per share discount

LIC IPO: Discount for policyholders 

Rs 60 per share discount

The issue is likely to open for subscription on May 4 and is expected to close on May 9.

The government had in February planned to sell s 5 per cent stake or 31.6 crore shares of the insurance behemoth and had filed draft papers with Sebi. 

Last week, the government decided to lower the issue size to 3.5 per cent. 

Reported By: Anurag Shah
Written By: Prashant V. Singh
Updated: Wed, Apr 27, 2022
08:39 pm
ZeeBiz WebDesk
RELATED NEWS
LIC shares under pressure. What's hurting the PSU insurer stock LIC shares under pressure. What's hurting the PSU insurer stock
LIC Result FY22: Board of directors to declare financial results for FY22 at the end of this month, meeting on May 30 LIC Result FY22: Board of directors to declare financial results for FY22 at the end of this month, meeting on May 30
LIC IPO: At Rs 5.54 lakh cr market cap on BSE, state-run insurer becomes 5th largest company on debut LIC IPO: At Rs 5.54 lakh cr market cap on BSE, state-run insurer becomes 5th largest company on debut

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x