Most of the investors are eagerly waiting for LIC’s IPO and those who have an insurance policy in LIC they are keenly waiting for this IPO and there is a big reason behind this as 10% shares of this IPO will be reserved for LIC policyholders.As per the latest report, it will be the Asia’s largest IPO and expected to have an issue size of Rs. 70000 crore to 80000 crore.
People are confident that their money invested in LIC will never fall down and that is why the common man of the country prefers to approach LIC instead of going to other insurance companies. It is not only a reliable insurance company but also an employment option for the common man.
LIC IPO Date 2021
The date of LIC’s IPO is not yet decided, but it is expected that the issue will hit the market in near future and will be listed in the third or fourth quarter of the financial year but the target for this has been kept till the end of the financial year and it will be launched between December-March as the GOI has recently approved LIC disinvestment. The issue price could be Rs 1 lakh crore as major changes have been made in the LIC Act 1956 for IPO and listing.
Jindagi ke sath bhi aur jindagi ke baad bhi… this tagline is absolutely correct, because today LIC has made a different place in the hearts of people. Coming from England, this company gradually became involved in people’s lives. Came to India from England in the 1818s and today it is the choice of crores of people of India. From that decade till now, many insurance companies came in its competition, but even after all the competition, LIC remained number one in the insurance business.
Life Insurance corporation India IPO Highlights
|Subscription Dates||check back later|
|Price Band||check back later|
|Offer For Sale||check back later|
|Fresh issue||check back later|
|Total IPO size||check back later|
|Minimum bid (lot size)||check back later|
|Face Value||check back later|
|Retail Allocation||check back later|
|Listing On||NSE, BSE|
LIC IPO GMP, Share Price
Life Insurance Corporation of India is the biggest life insurance company in country with its headquarter in Mumbai. It is completely under the Government of India and it was started in the year 1956 and at present more than 1 lakh employees work in it. Apart from this, there are more than 30 crore policy holders and guys soon you will be updated with LIC IPO GMP, Share Price so guys stay tuned with us.
LIC is a name that is trusted by crores of people of the country as many companies work in the insurance business, but even after all the competition, LIC remains number one in the insurance business. Whenever a common man of Inida thinks of saving money or buying insurance, the name of LIC comes first in his/her mind.
Life Insurance corporation India IPO FAQs
Life Insurance corporation India is 100% owned by government of India.
Yes Life Insurance corporation India is going for the IPO
To get the LIC IPO Shares, a person should have a Demat account/trading account with financial organizations that provide this facility.