LIC IPO, The much awaited IPO is going to open soon-Check out the full story here

The dates of the mega initial public offering (IPO) of LIC are finally out. Investors ae eagerly waiting for this since long time

The much-awaited IPO is likely to open between May 4-and 9. LIC filed the draft papers with market regulator SEBI and completed the much needed paper work

Regarding IPO sIze, On April 23, 2022, the LIC board gave its nod to cut down the issue size to 3.5 per cent from 5 per cent

It means that the government will induce only 3.5 per cent of its shares worth Rs 21,000 crore compared to 5 per cent shares announced earlier.

According to the revised DRHP, the government planned to raise an amount of Rs 21,000 crore by selling around 22 crore shares

The government is likely to price LIC IPO at Rs 950-1,000 per share. The government targets a valuation of Rs6 trillion for the insurer.

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