Advertisement
trendingPhotosenglish2459843https://zeenews.india.com/photos/business/lic-ipo-india-s-biggest-ipo-opens-on-may-4-key-things-to-know-2459843
photoDetails

LIC IPO, India’s biggest IPO opens on May 4: Key things to know

 The price band for the LIC IPO has been set at Rs 902 to Rs 949 per equity share by the government. 

LIC shares

1/10
LIC shares

On May 17, the LIC shares are expected to be launched on the BSE and NSE.

 

Anchor investors

2/10
Anchor investors

Anchor investors have committed to invest Rs 13,000 crore in the LIC IPO, more than twice the value of shares allotted to such investors.

 

LIC IPO

3/10
LIC IPO

The IPO was supposed to go live on March 31, but it was delayed due to unfavourable market circumstances caused by the Russia-Ukraine conflict.

 

LIC policyholders

4/10
LIC policyholders

The reservation portion for LIC policyholders will be 10% of the offer size, while workers would have 5% of the post-offer equity share capital reserved.

 

LIC employees

5/10
LIC employees

Policyholders will receive a Rs 60 discount, while LIC personnel applying for the public issue will receive a Rs 45 reduction.

 

LIC IPO grey market premium

6/10
LIC IPO grey market premium

The grey market premium (GMP) for the LIC IPO - the price exchanged in the grey market before the IPO listing procedure – is Rs 85 today, up from Rs 69 yesterday.

 

LIC investment

7/10
LIC investment

As a result, the LIC IPO requires a minimum investment of Rs 14,235 (i.e. Rs 949 x 15).

 

LIC IPO applicants

8/10
LIC IPO applicants

LIC IPO applicants will be allowed to apply in lots of 15, with each lot containing 15 LIC shares. An applicant can apply for as little as 1 lot and as many as 14.

 

LIC policyholders

9/10
LIC policyholders

Employees would receive around 15.81 lakh shares, while policyholders will receive approximately 2.21 crore shares.

 

LIC IPO

10/10
LIC IPO

The LIC IPO has a total value of Rs 21,000 crore, making it India's largest public offering to date.

NEWS ON ONE CLICK