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.
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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
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.
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