LIC IPO to open May 4, value band set at Rs 902-949 per share
1 min readLIC IPO: The preliminary public providing (IPO) of life insurance coverage behemoth Life Insurance Corporation of India (LIC) will open on Wednesday, May 4, 2022. The value band of the IPO has been set at Rs 902-949 per share.
The authorities goals to boost Rs 21,000 crore from the general public situation by divesting a 3.5 per cent stake within the insurance coverage big.
Speaking on the press convention, DIPAM Secretary Tuhin Kanta Pandey mentioned that LIC IPO is true sized, given the constraints available in the market. He added that LIC IPO won’t crowd out capital and financial provide available in the market.
The IPO of the nation’s largest life insurer is only an offer-for-sale (OFS) route, the federal government is seeking to divest its 3.5 per cent stake within the state-run insurer by promoting 22.13 crore shares.
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