LIC IPO: LIC’s IPO may launch on March 10, here’s the latest update on its issue size and price range
LIC IPO to Launch From 10 March: According to reports, the IPO of LIC, India’s largest insurer, will take place on March 10. Along with this, it was said that the IPO size would likely be 65,000 crores.
Investors waiting for the country’s biggest IPO have good news. LIC’s IPO may launch on March 10 and remain open for subscription until March 14. The IPO is expected to be worth up to Rs 65,000 crore, according to the report.
The price band can remain the same
A report stated that the issue price of LIC is likely to be between Rs 2000 and 2100, based on information received from sources. On Sunday, February 13, the government submitted the draft document for the LIC to the market regulator SEBI. The date of the IPO launch has not been officially announced. Explain that 10 percent of the stake in LIC IPO is reserved for policyholders, while 5 percent is reserved for employees. The government has also stated many times that its listing will be completed in March 2022.
Total Offer for Sale IPO
LIC’s IPO will be the biggest to date. According to the DRAP submitted to SEBI, the LIC issue will be purely an offer to sell. Under this, the government will issue 31.6 crore shares under its 5 percent stake. Based on the report, the embedded value of the company will be Rs 5.4 lakh crore. An insurance company’s market capitalization is typically four times this amount. In this case, LIC’s market value will be $ 288 billion, i.e. about Rs 22 lakh crore, and it will become the most valuable company in the country.
Before investing, do this important work
You need to know a few things before you invest in LIC IPO if you are planning to do so. A LIC policy account must be linked to a PAN and a Demat account in order to invest in LIC IPOs. You should resolve both of these tasks as soon as possible.