New Delhi: On May 17, the LIC IPO will be listed on the Indian stock exchange. According to reports, the IPO would be listed on the stock exchanges approximately a week after the registration period ends on May 9. Retail investors will be able to apply on May 4. The issuance will open on May 2 for anchor investors. A 10% quota has been allocated to policyholders in the offering. A 5% quota has been assigned to employees and agents.
LIC IPO : Key Dates To Remember
May 2: Anchor investors will be able to participate in the offering.
May 4: The issue is now available to the general public.
May 9: The LIC IPO application is now closed.
May 17: The LIC IPO is listed on the Indian stock exchange.
LIC IPO: Important Details
LIC IPO Amount: The government plans to use the public issue to raise Rs 21,000 crore.
LIC IPO Price: The IPO's price band has been set at Rs 902-949 per share.
LIC IPO Date: The IPO will begin on May 4 and end on May 9.
LIC IPO Size: Due to excessive market volatility, the government cut the magnitude of the disinvestment from 5% to 3.5 percent.
LIC IPO for Policyholders: In the LIC IPO, policyholders will receive a discount of Rs 60 per equity share.
LIC IPO for agents, and employees: In the IPO, they will receive a discount of Rs 45 per equity share.
LIC IPO Lot Size: A minimum of 15 shares, the IPO's lot size, can be applied for by an investor.
LIC IPO Apply: Through their broker, demat account holders will be able to apply for the IPO.
LIC IPO DRHP: Last week, the government amended the DRHP and submitted it to the SEBI.
LIC IPO Details: If the government had missed the May 12 deadline, they would have had to resubmit the entire DRHP to the SEBI.
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