LIC’s IPO may include 4-5 global and domestic anchor investors.
Listing of LIC shares is expected on May 17-18. The IPO will open for anchor investors on May 2. Based on the IPO, the valuation of LIC will be Rs 6 lakh crore.
The country’s largest insurance company Life Insurance Corporation of India (Life Insurance Corporation) Initial Public Offering (IPOThere is a big news about this. According to the report of ET Now Swadesh, LIC IPO ,LIC IPO) But there is going to be a press conference tomorrow at 12.30 pm. LIC board will give final approval for IPO tomorrow. LIC IPO will open on 4th May and close on 9th May. Through the IPO, the government will sell its 3.5 percent stake in the public sector company. With this, the government will get Rs 21,000 crore. Employees, policyholders will get 5 percent discount in LIC IPO.
Listing of LIC shares is expected on May 17-18. The IPO will open for anchor investors on May 2. According to sources, 4 to 5 global anchor investors can bid in LIC IPO. In addition, domestic anchor investors can also participate in the IPO. Based on the IPO, the valuation of LIC comes to Rs 6 lakh crore.
5% discount to employees-policy holders
LIC will give 5 percent discount to its employees and policyholders in the IPO. Even if your LIC policy has lapsed, you can still bid against the reserve quota.
If you are planning to invest in LIC’s IPO, then fulfill some required documents for this. If you have LIC policy then you need to link your PAN and Demat account. If you have not linked yet, then do it today, otherwise LIC will not be able to bid in the IPO.
41 policies sold per minute
Let us tell you that till now in the financial year 2022, LIC has sold about 2 crore 17 lakh policies in India, LIC sold 41 policies every minute in the last financial year. LIC is preparing to launch an IPO in the first quarter of the current financial year and as of September 30, the embedded value of LIC was Rs 5.4 lakh crore.
Must have demat account
To invest in LIC IPO, you must have a demat account. Without demat account you will not be able to bid in the issue. At the same time, you cannot apply for wife / husband, children or relatives from your demat account.
When you apply for IPO, your money will be blocked till the shares are allotted. If shares are not received then full refund will be given. You can also deposit money for IPO through UPI.
Policyholders can bid up to a maximum of Rs 2 lakh to buy the shares. If two people have taken a policy in joint holding, then only one of them can take an IPO.