LIC IPO Launch DATE: LIC reveals the date of the IPO! Learn how you can get a chance to invest

LIC IPO Launch DATE

LIC reveals the date of the IPO! Learn how you can get a chance to invest

LIC IPO DATE and Price Band

LIC can get regulatory approval in the first week of the IPO. After this, the IPO’s price band (LIC IPO price Band) will decide. The country’s largest insurance company, LIC, applied for IPO near SEBI on Sunday.

When LIC’s IPO

New Delhi: For the IPO of the country’s largest insurance company LIC (IPO), the investors will end soon. This biggest IPO of the country can open for anchor investors (Anchor Investors) from March 11, 2022. Three sources directly related to the matter have given this information to Reuters. According to sources, this IPO of eight billion can also open for other investors a few days later. The LIC IPO date, according to Reuters, has been fixed around March 11, 2022

Will find Regulatory approval in the first week of March?

On not exposing the name, sources said that the LIC could get regulatory approval in the first week of the IPO. After this, the IPO’s price band (LIC IOP price Band) will decide. According to sources, there may be some change in the IPO launch schedule, but LIC is now working towards launching the IPO on this timeline.

The government will sell out a 5 per cent stake

The country’s largest insurance company, applied for IPO near SEBI on Sunday. In his DRHP (DRHP), the company had told that the company wants to raise about $ 8 billion and Rs 60,000 crore by selling a 5 per cent stake in the Government of India through this IPO.

In March, IPO needs to come to the government

Let’s say that the government wants to launch LIC’s IPO in March in any way. The government intends to reach 6.4 per cent of its financial loss target GDP for the financial year 2021-22. The government will have to raise $ 8 billion from LIC’s IPO, i.e. 60,000 crores. Let us tell that the government has reduced its disinvestment target from 1.75 lakh crore to Rs 78,000 crore for the current financial year. So far, only Rs 12,000 crore has been raised through government disinvestment, and the government wants to raise Rs 60,000 crore from This public issue.

World’s third-largest insurance IPO

This IPO of LIC is the third-largest IPO brought by the Insurance Company. Tell that five other domestic and global investment banks, including SBI Caps, Citigroup, Nomura, JPMorgan and Goldman Sachs, are booking lead managers (Bookrunning Lead Managers) for this IPO.

Reservation of policyholders

A reserved category has been kept for Policyholders in LIC’s IPO. That is, they will get reservations in this IPO. policyholders can apply in issue within the reserved category. However, to take advantage of the policyholder quota in the IPO, it will have to update its PAN card number (PAN card number) with LIC before February 28.

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