LIC IPO: It’s official now. The Public Issuer Offering (IPO) of Life Insurance Corporation of India (LIC) is going to knock in the primary markets next month. As per the information available on BSE website, LIC IPO membership will open on 4th May 2022 and will be open for bidding till 9th May 2022. The Government of India (GoI) has fixed the LIC IPO price band. 902 to S 949 per equity share.
Government of India has also announced relaxation 45 per equity share for retail and eligible employee category and 60 per equity share to the policy holder category. During this, lic share price Trading has also started in the gray market. According to market experts, LIC shares trading at a premium of 48 in gray market today. However, it made its debut on Monday at a premium to gray market 25.
Here we list the important LIC IPO details in 10 points:
1]LIC IPO GMP: LIC’s IPO shares started trading at a premium on Monday in the gray market 25. LIC’s IPO GMP is today 48 means gray market is expecting LIC IPO listing 997 ( 949 + 48), about 5 percent more than its issue price.
2]LIC IPO Price: The Government of India has fixed the LIC IPO price band: from 902 949 per equity share.
3]LIC IPO Date for Subscription: The insurance giant’s public offering will open for subscription on May 4, 2022 and will be open for bidding till May 9, 2022.
4]Discounts for LIC Policyholders: Government of India has announced 60 per equity share exemption for applicants holding LIC policy. However, only those LIC policyholders will be eligible for this exemption who had purchased their policy on or before 13 April 2022, the day LIC filed its DRHP with SEBI.
5]Discounts for LIC Employees: Government of India has announced 45 per equity share exemption to LIC employees applying for public issue.
6]LIC IPO Size: Government of India aims to raise 21,008 from its public offer, which is 100% OFS (Offer for Sale) in nature.
7]LIC IPO Lot Size: An applicant will be able to apply for IPO in lots and one lot of public issue will consist of 15 LIC shares.
8]LIC IPO Application Limit: A bidder is allowed to apply for a minimum of one lot and maximum of 14 lots of LIC IPO.
9]LIC IPO Listing: The public issue will be listed on both NSE and BSE and the likely listing date of the public issue is 17 May 2022.
10]LIC IPO Registrar: KFin Technologies Limited has been appointed as the Official Registrar of LIC IPO.