May 3, 2022

IPO Review: LIC IPO – 3 factors to consider before subscribing

Aarati Krishnan / Stocks, Categories, Premium, Research Reports / May 3, 2022

The Indian government, deciding to take its chances with market moods, has launched the long-awaited IPO of Life Insurance Corporation of India (LIC). This is entirely an offer for sale by the government to offload 3.5% of its holdings (2.21 crore shares) to the public, at an offer price band of Rs 902-949. LIC will not receive any proceeds from the sale. Retail bidders will get a Rs 45 discount while LIC’s policyholders will get a Rs 60 discount.

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May 3, 2022

IPO Review: LIC IPO – 3 factors to consider before subscribing

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