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LIC IPO Press Meet Live - Here's All You Need To Know About The Mega IPO

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On 27 April 2022, the Life Insurance Corporation (LIC) invited the media for a conference at 12.30 pm on the mega LIC IPO. The much-awaited issue of the state-run insurance behemoth will open on May 2 for anchors and on May 4 for subscriptions adding that the IPO will close on May 9. The mega LIC IPO will be the biggest IPO in the Indian Capital Market.

 
LIC IPO Press Meet Live - Here's All You Need To Know About The Mega IPO
  • The price band for the LICIPO has been set from Rs 902 to Rs 949.
  • The government plans to offload a 3.5 per cent stake or 22.13 crore shares in the company and raise Rs 20,557.23 crore.
  • LIC valuation is now at close to Rs 6 lakh crore, from the earlier Rs 17 lakh crore expected.
  • Employees and retail investors will be given a Rs 45/share discount, while LIC policyholders will get a Rs 60/share discount.

Story first published: Wednesday, April 27, 2022, 12:59 [IST]
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