LIC IPO Details: Key Details Of The Most Awaited IPO

LIC IPO will hit the primary markets amid high volatility and the largest insurer to come up with the largest issue has already filed the DRHP with the SEBI. In the prospectus filed, the company said the net IPO will constitute 4.99% of the company's post offer paid up share capital.

The company will offload 316.25 million shares or more than 31 crore shares.

Quota for retail shareholders: 35%

For policyholders: 10%

For the policyholders- 13th February, 2022 is the eligibility date for policyholders

PAN in the policy can be updated until February 28, 2022

LIC IPO will be complete OFS with no fresh share issuance

The embedded value of LIC as of September 30, 2021, stood at ₹5,39,686 cr (about ₹5.4 lakh crore), the DIPAM Secretary said.

Actuarial firm hired for the IPO- Milliman Advisors

Pre-IPO transaction advisors: Deloitte and SBI Caps

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