LIC IPO May Offer Discount To Its Policyholders And Retail Bidders

The most awaited and the largest ever public issue is going to file its DRHP with the SEBI this week and that may come up with good news for its policyholders. This shall be so as the company may offer to issue the shares of the company to its policyholders at a discount.

As reported, the company may offer a 5% discount to its subscribers who also happen to be the company's policyholders. Also, there is news doing the rounds that retail investors as also the insurer's employees will also be offered shares at a discount to the issue price. In respect of the DRHP filing, it is expected to be done on February 10, 2022. Through the DRHP it will be clarified the stake that the company shall dilute through the public issue. There were reports that the centre shall dilute between 5-7% stake for mopping a sum of Rs. 65000-75000 crore.

GoodReturns.in