LIC IPO: Special discounts for policyholders, investors! How Zee Business relentless campaign worked |WATCH
LIC IPO: Big stamp to Zee Business news! The most awaited life Insurance Corporation of India's IPO is all set to open on May 4 and will close on 9th May.
Big stamp to Zee Business news! The most awaited life Insurance Corporation of India's IPO is all set to open on May 4 and will close on 9th May. The price band of IPO is Rs 902 - Rs 949 per share, but policyholders will get a Rs 60 discount and retail investors and employees will get a Rs 45 discount. It was Zee Business that relentlessly demanded special discounts for policy holders and retail investors which finally materialised. We only said that policyholders should get special discounts. Zee Business has repeatedly talked about the rights of retail investors. All our demands have been fulfilled and we thank LIC and the government, said Zee Business Managing Editor Anil Singhvi on Wednesday.
Here's the list with dates - what we said on LIC IPO
4/2/21 - Even with IPO Even after IPO
On February 4, 2021, Zee Business Managing Director Anil Singhvi said the government should give special relaxation to LIC's policyholders and retail quota and should also increase the allocation quota for them.
18/2/21 - We have repeatedly asked for discounts for retail investors in LIC IPO
Market Guru on the special show 'Editors' take' said a huge allotment should be given to LIC's retail investors and policyholders. He further said one more thing to do in LIC's IPO is that LIC's policyholders and retail investors should get special discounts. This IPO can play a big game in changing and growing the equity culture in India.
11/2/22 - Special discount to policyholders
He said on February 11, 2022, that government companies will have to give priority to retail investors in IPOs - from both sides - in terms of allotment as well as in terms of price. And make it a rule.
14/2/22 - Zee Business talks about the rights of retail investors again and again
Market Guru on February 14, 2022, said when the final price of the IPO comes, it is very important for LIC to give a separate discount to the retail investors.
27/4/22 - All our demands were fulfilled. Thanks to LIC and Government
Big news about LIC IPO. LIC will give a discount of Rs60 per share to the policyholders.
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