Of India LIC at 902- 949 a share with a. The retail investors and eligible employees of LIC were offered a discount of Rs 45 per equity share over.
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Life Insurance Corporation would offer a Rs 60 discount for policyholders and Rs 40 for retail investors and employees.
. The government will divest a 35 stake in Life Insurance Corp. According to sources Life Insurance Corporation LIC would offer a Rs 60 discount for policyholders and Rs 40 for retail investors and employees. The LIC IPO price is yet to be announced.
There is expected to be a discount of Rs 60 for the existing LIC. The Initial Public Offering IPO of Life Insurance Corporation LIC closed on May 9 and shares were allocated to bidders on May 12. The Indian government is expecting to raise 24 billion from the LIC IPO and has indicated that 10 of the share issues may be reserved for LIC policyholders.
The government is selling over 2213 crore shares in LIC at a price band of Rs 902-949 a piece in the initial public offering which opens on May 4 and closes on May 9. Those interested in buying LIC shares can bid for them in lots where one lot comprises 15 shares. LIC which slashed around 60 per cent of its issue size due to poor market conditions had earlier fixed the price band at Rs 902-949 a share.
Meanwhile the company is set to officially announce the same in a. Retail investors will get a 45 per share discount on the cut-off price while LIC policyholders will get them 60 cheaper. The LIC IPO in India was a pure offer for sale of up to 22137 million shares.
At the top end of the price band the offer will raise 21000 crore while at. As per the information available on BSE website LIC IPO price band has been fixed at 902 to 949 per equity share. The IPO will close on May 9.
Insurance giant LIC has fixed the price band at Rs 902-949 per share for the Rs 21000 crore public offer that is likely to open on 4 May sources said. The LIC IPO price band has been set at Rs 902 to Rs 949 per equity share. The government has set the price band for the initial share sale of state-run Life Insurance Corp.
LIC IPO Price. LIC would offer a Rs 60 discount for policyholders and Rs 40 for retail investors and employees. Indias largest insurer LIC is likely to list on the stock exchanges on May 17 a week after its bumper initial public offering IPO closes.
Bidding for Life Insurance Corporations initial public offering IPO the largest the country has ever seen ended on Monday. Of India LIC in the 902-949 price band in the initial public offer IPO that will open on May 4. A bidder can apply for minimum one lot and a maximum of 14 lots.
The government sold over 2213 crore shares or 35 per cent stake in LIC through the IPO at a price band of Rs 902-949 a share. Life Insurance Corporation LIC has reportedly set its price band for the initial public offer IPO that is likely to open for public bidding on May 4 in Rs 902-949 range. Meanwhile investment banks like iBank and others will be invited in June 2021 to submit their proposals for the initial public.
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