LIC launches India's largest IPO; issue opens on May 4 2022. The government aims to get 21,000 crores by offloading 3.5% of its shares. Enhance the brand image & provide a public market for the equity shares in India.
In spite of a reduction in size, LIC priced its IPO at Rs 902-949 per share, the largest in Indian history.
Retail investors and employees have received a discount of Rs 45 and Rs 60 respectively. An initial public offering is scheduled for May 4 and will close on May 9.
In spite of a reduction in size, LIC priced its IPO at Rs 902-949 per share, the largest in Indian history.
Retail investors and employees have received a discount of Rs 45 and Rs 60 respectively. An initial public offering is scheduled for May 4 and will close on May 9.
Know Key Details of the LIC IPO
Life Insurance Corporation (LIC), the largest financial institution in India, is going public next month with an initial public offering (IPO) of Rs 21,000 crore. It manages more than Rs 38 lakh crore in public funds.
In spite of a reduction in size, LIC priced its IPO at Rs 902-949 per share, the largest in Indian history.
Retail investors and employees have received a discount of Rs 45 and Rs 60 respectively. An initial public offering is scheduled for May 4 and will close on May 9.
Read Full Blog Now: Know Key Details of the LIC IPO
