LIC IPO Launch Date 2022, LIC IPO Launch Date , Life Insurance Corporation, LIC IPO Date, LIC IPO Details, LIC IPO Size, LIC IPO GMP 2022, Check Details for LIC IPO date, LIC IPO Share Price 2022

Welcome to all of you in this article, in this article LIC IPO Launch Date 2022 Share Price, Lot Size & Details  The Life Insurance Corporation (LIC) is the largest and oldest Insurance provider in the country owned by the Government of India.

LIC IPO

 

 The Government of India has announced 60 per equity share discount for IPO applicants applying under the ‘policyholder’ category and 45 per equity share discount for bidders applying

Under the ’employee’ category. The company has a vast network of 1.35 million Insurance Agents and is the oldest insurance business with major government holdings.

LIC IPO Launch Date 2022

The Indian finance minister, is closely tracking the process. In preparation for the IPO worth Rs. 80,000 to 1 lakh crores, the company is preparing its financial statements to file the DRHP with SEBI for the last quarter.

LIC IPO Launch Date

Check LIC IPO Release Date 2022 which is now available for user to apply in registration they can register for further process in the program. Moreover, the process under LIC IPO Registration 2022 has gained some momentum through online mode.

LIC IPO Launch Date Main Point Overview:

IPO Opening Date May 4, 2022
IPO Closing Date May 9, 2022
Issue Type Book Built Issue IPO
LIC IPO Size 1,00,000 Crore
IPO Price ₹902 to ₹949 per equity share

The public issue will open on 4th May 2022 and it will remain open for bidding till 9th May 2022. – LIC IPO price: The GoI has fixed LIC IPO price band at ₹902 to ₹949 per equity share

LIC IPO 2022

LIC has also advised policyholders to update PAN! They will also get the benefit of this at the time of IPO, from May 4, 2022,  retail investors will be able to subscribe to this IPO. The last date for bidding in IPO is 9th May 2022.

The bidding time is 10.00 A.M. to 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

In 2022-2023 budget officials announced that, up to 10% percent of the LIC IPO issue size would be reserved for its policyholders.

LIC IPO Launch Date

Size of LIC IPO Issue  

The government plans on raising between Rs. 80,000 and 1,00,000 crores through the upcoming IPO. The upcoming IPO is set to attract investors of all kinds. According to the government, the IPO is one way for it to achieve its disinvestment goal by 2022. The government will continue to hold a majority stake in the corporation after approximately 10% of its stakes are offered to the public.

LIC IPO GMP 2022

The government will seek a total of 316,249,885 shares. For investors, the share will be priced at $10 per share. In addition, there will be a fixed quote for retail investors. the Indian government will sell its 5% stake in the LIC IPO and use the proceeds to raise funds.

However, experts are concerned about the amount of money that the government is raising through this IPO. You can also get GMP price as per trade rules since the transaction isn’t official. the LIC IPO is an excellent investment opportunity for retail investors.

  • From May 4, 2022, the Life Insurance Company will launch its initial public offering.
  • The LIC IPO Subscription application can be submitted after 09.05.2022.
  • A possible IPO price range for LIC might be between ₹902 to ₹949 per equity share.
  • LIC IPO issue price can range between ₹902 and ₹949
  • After the IPO is released, the share lot size will be announced.
  • The face value of each share in the LIC IPO is  $10 
  • The minimum investment amount for the LIC IPO 04 May 2022 is also released after the announcement.

Most Important of LIC IPO 

  • LIC IPO Date: The LIC IPO will open for the public and policyholders on May 4 and continue till May 9, according to the company’s filing with Sebi.
  • LIC IPO Size: LIC is expected to garner around Rs 21,000 crore through its IPO at the upper end of the price band with a valuation of Rs 6,00,000 crore, while embedded values are around Rs 5,40,000 crore.
  • LIC IPO Price Band: The price band of LIC IPO is set at Rs 902 to Rs 949 per equity share, with a Rs 60 discount for policyholders and Rs 45 discount for employees and retail investors.
  • LIC IPO Latest GMP: According to market observers, LIC IPO GMP today is Rs 92. The grey market shares of LIC is trading at Rs 20 higher than yesterday. On Friday, LIC IPO GMP was Rs 72 per equity share.
  • LIC IPO Lot Size, Investment Limit: A bidder can invest in a minimum of one lot comprising 15 shares, and in multiples of 15 thereafter. A maximum 14 lots can be applied for at the upper end of the price band, as LIC has set an investment limit of Rs 2 lakh for one investor.
  • LIC IPO Subscriber Quota: In a first in the country, the company has reserved 10 per cent of its IPO shares to eligible policyholders. Qualified institutional buyers will have access to 50 per cent of the shares while retail investors will be able to bid for 35 per cent shares. The remaining is reserved for non institutional buyers.
  • LIC IPO Share Allotment date: The share allotment for LIC IPO is likely to be done on May 12
  • LIC IPO Listing Date: Shares of India’s insurance behemoth LIC will list on bourses on May 17, DIPAM secretary Tuhin Kanta Pandey has said on Friday

How to apply for LIC IPO

There are two categories made available–one for LIC Policyholders and the other is a general or all investors’ category. A bidder is allowed to apply for a minimum of one lot and maximum of 14 lots of the LIC IPO.

Your PAN Card also needs to be linked with the policy if you want to apply under this category. LIC policyholders can enjoy benefits such as a 10% reserved allocation and a discount on the issue price. You can apply for the LIC IPO online via our online trading platform.

The GoI has announced 60 per equity share discount to the applicants having a LIC policy. However, only those LIC policyholders will be eligible for this discount who bought their policy on or before 13th April 2022, the day LIC filed its DRHP at SEBI.

LIC IPO Launch Date FAQs:

When will LIC IPO Come?

The LIC IPO date has been fixed for May 4. The LIC IPO will most likely open on May 4 and close on 09 May 2022.

When will the LIC IPO issue launch for a subscription?

It is expected to be available from 4 May 2022.

Who will be the Book Running Lead Managers for the IPO?

The names of lead managers will be disclosed after the issue of DRHP/

Is the draft prospectus for LIC public issue available?

No, it has not been submitted yet by the company.

For how many shares, LIC will launch the IPO?

The IPO is likely to be launched for not more than 10% stakes of the government in the company.

What is the price of LIC IPO?

LIC IPO price band is Rs 902 – Rs 949 per share.

What is the GMP of LIC IPO?

Dealers say LIC is commanding a grey market premium (GMP) of Rs 75. Life Insurance Corporation (LIC) is all set to launch what is going to be India’s largest initial share sale on May 4

Can I buy LIC IPO?

You can open a demat account by registering with a depository participant (DP), a list of which you can find on NSDL and CDSL websites.

Conclusion:

Here we have provided all the information about the LIC IPO Launch Date 2022 Share Price, Lot Size & Details   If you like this, you should definitely share it with people you know. I hope you liked this article and got some new information. Please tell me in the comments.

Keep visiting our website: PMAYojana for new updates. Don’t forget to subscribe to our newsletter to get new updates related to the posts, Thanks for reading this article till the end.