LIC IPO Price, Opening Date and all different Details: Life Insurance Corporation (LIC) preliminary public providing (IPO) of Rs 21,0000 crore is all set to hit the inventory market in May 2022. LIC IPO worth band is Rs 902 – Rs 949 per share ( face worth Rs 10).
A reduction of Rs 45 per fairness share is being provided to the retail particular person bidders bidding within the retail portion and the eligible staff bidding within the worker reservation portion. A reduction of Rs 60 per fairness share is being provided to the eligible policyholders bidding within the policyholder reservation portion.
Retail particular person traders can apply at a worth band of Rs 857- Rs 904, whereas eligible policyholders can apply in LIC IPO at a worth vary of Rs. 842 – Rs. 889. Bids could be made for at least 15 fairness shares and in multiples of 15 fairness shares thereafter. The minimal funding will, due to this fact, grow to be Rs 14235 on the higher worth band of Rs 949 for non-policyholders.
The difficulty will stay open from May 04 until May 09, and the anticipated itemizing date of LIC shares on NSE, BSE inventory exchanges is May 17. The anchor investor supply interval is on May 2, 2022.
To apply in LIC IPO, one must compulsorily have a Demat Account and a PAN card. A Demat Account is the place the LIC shares will get credited if allotment is made to the investor. The LIC IPO allotment standing verify on-line could be considered on the web site of the registrar KFin Technologies as soon as the allotment is accomplished. Further, you want a PAN and if you wish to profit from policyholder quota, your PAN ought to be linked to the LIC coverage. The standing could be checked on-line on the LIC India web site.
Source: www.financialexpress.com”