LIC IPO, the biggest IPO of India ever, is all set to open for subscription tomorrow, May 4, 2022. According to reports, LIC IPO GMP stands at Rs 85, Rs 16 higher than GMP yesterday. LIC IPO opens today: complete details of GMP, subscription status.
The LIC IPO price band has been fixed at Rs 902- Rs 949 per equity share by the Government of India. However, policyholders will get a discount of Rs 60 per share and employees and agents of LIC will get a discount of Rs 45 per share. The bidding will close on May 9.
Here we list out important LIC IPO details:
– LIC IPO price: The Government of India has fixed price band of the public issue at Rs 902 tol Rs 949 per share.
– LIC IPO size: The GoI aims to raise Rs 21,008.48 crore from this public issuer.
– LIC IPO lot size: A bidder will be able to apply for LIC IPO in lots and one lot will comprise of 15 LIC shares.
– LIC IPO subscription: The public issue has opened for subscription today and it will remain open for bidding till 9th May 2022.
– LIC IPO application limit: One bidder has been allowed to apply for minimum one lot and maximum 14 lots.
– LIC IPO discount: The GoI has announced Rs 60 per equity share discount for applicants applying under ‘policyholders’ category whereas it has announced a discount of Rs 45 per equity share to applicants applying under ’employees’ category.
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– LIC IPO GMP: According to market observers, LIC IPO grey market premium (GMP) today is Rs 85, which is around Rs 33 higher from its yesterday evening grey market premium of Rs 52.
– LIC IPO allotment date: The tentative date for announcement of share allotment is 12th May 2022.
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– LIC IPO listing: The public issue will list on NSE and BSE and the likely date for LIC share listing is 17th May 2022.
– LIC IPO registrar: KFin Technologies Limited has been appointed as official registrar of the public issue.
– LIC IPO nature: The book-built issue is 100 per cent offer for sale (OFS) in nature.
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