LIC IPO Announcement: If you’re additionally planning to speculate cash in LIC’s IPO, then there’s a huge replace for you. The corporate has launched the value band for the IPO. When you have a plan to speculate cash on this IPO, then understand how a lot you’ll have to make investments at least. The corporate’s IPO is opening on 4th Could and you’ll subscribe until ninth Could. On the identical time, anchor traders can bid within the IPO from Could 2.
What would be the value band?
The corporate has fastened the value band for the IPO at Rs 902-949 per share. Prospects will get 15 shares in a single lot.
How a lot low cost will you get?
Allow us to inform you that the corporate will give a reduction of Rs 45 per share to retail clients and coverage holders will get a reduction of Rs 60 per share.
What number of shares will the corporate problem?
Allow us to inform you that by this IPO, the corporate will problem 22.13 crore shares. The federal government is planning to boost about Rs 21000 crore by this IPO. The federal government will promote about 3.5 % stake within the preliminary public providing (IPO).
Dimension of IPO lowered
In February, the federal government had deliberate to promote 5 per cent stake or 316 crore shares in LIC. Paperwork on this regard have been submitted to the Securities and Change Board of India (SEBI). Nevertheless, market volatility as a result of Russo-Ukraine warfare additionally hit the IPO plan. Final week, the federal government determined to scale back the problem dimension to three.5 per cent.
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