LIC IPO GMP today, award date and time, price, lot size, subscription status, gray market premium. Check here – LIC’s IPO will open on May 4, 2022, starting within 6 days and ending on May 9, 2022. LIC plans to offer 221.3 million shares, equivalent to 3.5% of the company’s value. LIC IPO A total reserve of 221,374,920 shares is to be offered for public issue through an LIC IPO, of which 98,828,089 QIB shares and 29,648,427 NII shares, 69,179,663 RII shares and 1,581,249 EMP shares.
LIC IPO Launch Date 2022
|Company Name||Life Insurance of India (LIC)|
|LIC IPO Date||10th March 2022|
|Registrar||kFin Tech Technologies Private Limited|
|LIC IPO Bid Start Date||10 March 2022|
|Last Date to bid||14 March 2022|
|Minimum Investment for LIC IPO||14,700 INR|
|LIC IPO Size||1,00,000 Crore|
|LIC IPO GMP||2000 INR (Approx)|
|LIC IPO Price Band||2,000 INR To 2,100 INR|
|Retail Investors Quota||35%|
|LIC IPO Allotment Date||By 25 March 2022|
|LIC IPO Share Price Face Value||Rs 10/-|
|LIC IPO for Policyholders||Available (Ask your Insurance Agent to provide details)|
The LIC IPO of over Rs 21,000 crore will be available for subscription until Monday, May 9, 2022, with the LIC price range set at Rs 902-949 per share. The price range has been set at Rs 902-949 per share and the IPO will be listed on the stock market. 17.10% of the shares in the IPO are reserved for eligible policyholders, 35% are reserved for retail investors, and 50% are reserved. Available to Qualified Institutional Buyers (QIB). The actual price of LIC LIC IPO in the higher price range is Rs 949 for QIB and NII, Rs 904 for retailers and Rs 889 for insurers.
With LIC’s IPO price ranging from Rs 902 to Rs 949 per share, you can expect a quick 5% uptick when it goes public, with possible volatility later on. Now, those with a valid LIC policy can bid for the IPO at a discount of 10%, which means that the LIC IPO price for policyholders will be Rs 1,890 per lot. Despite its small size, LIC’s IPO will be India’s largest to date. The IPO LIC price range is set at Rs 902 to 949 per share. Policyholders get a discount of Rs 60 and employees get a discount of Rs 45.
Negotiable means that in the upper end of the price range, Life Insurance Corporation of India is trading at Rs 1,034 (Rs 949 + Rs 85) as LIC’s GMP IPO is Rs 85 today, about 9% up. to the asking price. The Life Insurance Corporation of India received Rs 5,630 crore from anchor investors on May 2, diluting approximately 59.3 million shares to 123 investors at Rs 949 each. According to IPO Watch and IPO Wala, LIC shares traded at a gray market premium of Rs 85 per share on Wednesday compared to Rs 45 per share last Thursday.
The state-owned insurance company LIC IPO is due to go public on May 4, 2022 and close on May 9, 2022. According to the RHP project, a total of 221,374,920 crores of LIC shares will be issued through an offer to sell. The LIC IPO (Initial Public Offering) was opened for subscription today and the public offering worth Rs 21,008.48 crore will be open for subscription until May 9, 2022. The IPO will finally open May 4-9 with 3.5% equity. offered by subscription and discounts for insurers and retail investors LICs will hold a press conference on the IPO.