As stated by reports, the LIC IPO will be registered on the Indian stock exchange nearly a week after the registration period ends on May 9. Retail investors can apply on May 4. For anchor investors, the issuance will open on May 2. A ten percent quota has been granted to policyholders in the offering. While the employees and agents have received issuance of a 5% quota.
Important dates to remember about the registration of LIC IPO
May 2 – Anchor investors can participate in the offering
May 4 – The issue will be available to the general public
May 9 – The LIC IPO application will be closed
May 17 – The LIC IPO will be registered on the Indian stock exchange.
Detailed information on LIC IPO
LIC IPO Amount: The government plans to use the public issue to raise Rs 21,000 crore.
LIC IPO Price: Its price band has been set at Rs 902-949 per share.
LIC IPO Date: The IPO will begin on May 4 and end on May 9
LIC IPO Size: The government reduced the magnitude of the disinvestment from 5% to 3.5% due to excessive market volatility.
LIC IPO Policyholders: In the LIC IPO, policyholders will receive a cut price of Rs 60 per equity share.
LIC IPO for employees and agents: In the IPO, they will receive a cut-price of Rs 45 per equity share.
LIC IPO Lot Size: A minimum of 15 shares, the IPO’s Lot Size can be applied for by an investor.
LIC IPO Apply: Demat account holders can apply for the IPO through their broker.
LIC IPO DRHP: Last week, the government amended the DRHP and submitted it to the SEBI.
LIC IPO Details: If the government had missed the May 12 target time, they would have had to resubmit the whole DRHP to the SEBI.