Unique features of LIC IPO: Policyholder quota, differential discount

Domestic capital market will see the launch of India’s largest-ever initial public offering (IPO) next week. Life Insurance Corporation of India’s (LIC’s) landmark Rs 21,000-crore IPO will open for subscription on Wednesday. Here’s a look at some unique features of this mega offering, which are not typically seen in other IPOs.

Special policyholder quota: In the past, IPOs have had special reservations for employees and shareholders of parent companies. LIC’s IPO will be the first to have a separate 10 per cent quota for policyholders. To be eligible to apply in the quota, policyholders should have bought their LIC policy before