LIC IPO – Why they Delayed and Launching now? Do we need to Subscribe it?
LIC IPO was in discussion in the year of 2021, the main reason to delay the IPO was initially on Covid19 Pandemic, the PAYTM IPO which released on 2021 couldn’t see much success, they shares went falling daily and hitting bottom, seeing the real-time scenarios in the market condition, the IPO of LIC releases was postponed.
Further main reason was Ukrain-Russia Invasion, this had turned market direction to completely downside and IPO of LIC may not be successful, the situations seems to be in control hence the release of IPO Now
The Life Insurance Corporation of India (LIC) IPO is likely to be the biggest initial public offering in the Indian history of stock trading. Also, the government of India has reserved 10% which is around 3.16 crores of shares of LIC through LIC IPO. Stay tuned for more updates.
Listing at NSE, BSE, LIC has reserved 10% of IPO shares for policyholders. Also, an Additional discount of Rs 60 per share for policyholders. LIC policyholders can apply under this quota only if:
- The policy is issued on/before 13 Feb 2022
- The PAN is linked to LIC Polic
- Opening Date: May 4, 2022
- Closing Date: May 9, 2022
- Price Band: ₹902 – ₹949 per equity share
- Issue Size: 21,000 Cr
- LIC IPO Listing Date: May 17, 2022
The government of India plans to raise 21,000 crores by offloading 3.5% of its shares. By this the investment based funds will be further used in upcoming LIC projects and Housing loans. A retail-individual investor can apply for up to 14 lots (210 shares or ₹199,290). once can apply a Minimum of 1 lot of 15 shares of value ₹14,235 or upto 14 lots of 210 shares worth ₹199,290.
Why should you invest in LIC IPO?
LIC (of LIC IPO) is one of the major nations pride and has 65 years of experience and a network of 13,00,000 agents across nation, well established network and Has a reliable risk management framework. one must definitely in this IPO without fail.
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