Monday, December 23, 2024 | 01:01 AM ISTEN Hindi

Home / Markets / News / LIC IPO opens today. Should you subscribe? What brokerages suggest

LIC IPO opens today. Should you subscribe? What brokerages suggest

While LIC policyholders are entitled to Rs 60 discount over the issue price, the retail investors will be offered the issue at a discount of Rs 45 per equity share

Premium

LIC, Life Insurance Corporation

Puneet Wadhwa New Delhi

4 min read Last Updated : May 04 2022 | 9:03 AM IST

The Rs 21,000 crore initial public offer (IPO) of Life Insurance Corporation of India (LIC) to open for subscription on Wednesday. Ahead of the IPO, the public sector insurance behemoth has raised Rs 5,627 crore from anchor investors, allotting around 59.3 million shares to 123 investors at Rs 949 per share.

ALSO READ: Over 70% of anchor allotment made to domestic mutual funds

While LIC policyholders are entitled to Rs 60 discount over the issue price, the retail investors will be offered the issue at a discount of Rs 45 per equity share. The minimum bid lot is

Topics : IPO LIC IPO LIC Insurance

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in