WebJul 22, 2024 · As investors wait for the mega public offer of Life Insurance Corporation later this year, LIC policyholders who have bought over 28.9 crore policies, too, have now got reason to be enthused. The government has said that up to 10% of the issue size in the IPO would be reserved for LIC policyholders. There could be a discount on the floor price. WebFeb 11, 2024 · Photo: Bloomberg The government-owned Life Insurance Corporation of India (LIC), the country’s largest insurance firm, has planned an initial public offering (IPO) that could be launched next month. TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH. Key stories on business-standard.com are available to premium …
LIC IPO: How govt is tweaking rules to ensure success of its biggest IPO
WebAug 24, 2024 · The government plans to complete LIC’s IPO in the current fiscal, as late as March 2024. The upcoming LIC IPO is so huge that it may be split into two parts WebMay 4, 2024 · LIC IPO - Details. The Life Insurance Corporation of India (LIC) IPO is likely to be the biggest initial public offering in the Indian stock market. Meanwhile, The … blanknyc chenille sweater
LIC IPO: At Rs 21,000 crore, LIC is India
WebApr 26, 2024 · IPO size. On April 23, 2024, the LIC board gave its nod to cut down the issue size to 3.5 per cent from 5 per cent. It means that the government will dilute only 3.5 per cent of its shares worth Rs 21,000 crore compared to 5 per cent shares announced earlier. According to the revised DRHP, the government planned to raise an amount of Rs 21,000 ... WebMay 4, 2024 · LIC IPO opens for subscription from 4 May to 9 May 2024. It is a book building IPO and issue price is fixed at Rs. 902-Rs. 949 per share and one can apply for the lot size of 51 shares and its multiples. The company offers a retail discount of … WebThe LIC announced it would open its IPO to the public on 4 May 2024, and the process would be concluded on May 9. Through this IPO, the Government of India is now aiming to raise … blank nyc checked out shacket