Indus Scrolls English
  • Home
  • News
    • National
    • International
    • Regional
    • Sports
    • Science
    • Environment
  • Opinion
  • Culture
    • Temples
    • Ayurveda
    • Art
    • Festivals
    • Books
    • Astrology
    • Literature
    • History
  • Religion
    • Our Gurus
    • Hinduism
    • Islam
    • Christianity
  • Lifestyle
    • Health
    • Yoga
    • Fashion
    • Travel
    • Cuisine
  • Technology
  • Entertainment
  • Economy
  • Video
No Result
View All Result
  • Home
  • News
    • National
    • International
    • Regional
    • Sports
    • Science
    • Environment
  • Opinion
  • Culture
    • Temples
    • Ayurveda
    • Art
    • Festivals
    • Books
    • Astrology
    • Literature
    • History
  • Religion
    • Our Gurus
    • Hinduism
    • Islam
    • Christianity
  • Lifestyle
    • Health
    • Yoga
    • Fashion
    • Travel
    • Cuisine
  • Technology
  • Entertainment
  • Economy
  • Video
No Result
View All Result
Indus Scrolls English
No Result
View All Result
Home Economy

LIC IPO to open today: Here are the important things to know

Indus Scrolls Bureau by Indus Scrolls Bureau
May 4, 2022
in Economy
Share on FacebookShare on TwitterWhatsAppTelegram

Subscription for the Initial Public Offering (IPO) of insurance behemoth Life Insurance Corporation (LIC) of India has opened today and it will remain open for bidding till 9th May 2022.

While investors are busy scanning the financials of LIC, the grey market is also giving positive signals in regard to the public issue. According to market observers, LIC IPO GMP (grey market premium) today is 85, which is around 8 per cent higher than the LIC IPO price band of ₹902 to ₹949 per equity share.

Here are the important points to remember

  • LIC IPO date: The public offering will begin on the 4th of May 2022 and will be up for bidding until the 9th of May 2022.
  • LIC IPO application limit: A single bidder can apply for a minimum of one lot and a maximum of 14 lots.
  • Investment limit for LIC IPO: The minimum amount required to apply for the LIC IPO is Rs 14,235. The highest amount that a single retail investor may invest is Rs 1,99,290.
  • LIC IPO size: The Government of India intends to raise Rs 21,008.48 crore through its much-anticipated public offering.
  • LIC IPO pricing: The Government of India has set the LIC IPO price band at 902 to 949 rupees per equity share.
  • LIC IPO allotment date: The date for the announcement of share allocations is May 12, 2022.
  • LIC IPO listing: LIC shares will be listed on the BSE and NSE, with a projected share listing date of May 17, 2022.
  • Lot size for the LIC IPO: An applicant would be able to apply in lots, with each LIC IPO lot consisting of 15 LIC shares.
  • Discount for LIC policyholders: The Government of India has provided a Rs 60 discount for applicants who apply under the policyholders category.
  • Reduction for LIC workers: The Government of India has approved a Rs 45 discount for LIC employees who apply for the public issuance under the employees category.

 

Author

  • Indus Scrolls Bureau

    View all posts

ShareTweetSendShare

Related News

What is a Poison Pill?
Economy

What is a Poison Pill?

Top Cryptocurrency alternatives to Bitcoin that will make you rich
Economy

Top Cryptocurrency alternatives to Bitcoin that will make you rich

Let us make cyberspace safe for women
Economy

India’s cybersecurity industry sees exponential growth during pandemic

More women from small-town India signup for digital coins: Report
Economy

30% Crypto Gains Tax: Need a Bit more Clarity

Govt ordinance extends various time limits under Taxation and Benami Acts
Economy

Union Budget to focus on fiscal consolidation, strategic divestments

Following stringent criticism, Apple says it would seek abuse images flagged in multiple nations
Economy

Apple, Samsung likely to give $5 billion thrust to India’s local manufacturing scheme

Discussion about this post

New initiative to promote life science entrepreneurs

New initiative to promote life science entrepreneurs

India ranks 3rd in Start-Up ecosystem and Unicorns: Dr Jitendra Singh

India ranks 3rd in Start-Up ecosystem and Unicorns: Dr Jitendra Singh

Researchers develop portable disinfection device

Researchers develop portable disinfection device

Film on Hindu Genocide in Malabar premiered in Delhi

Film on Hindu Genocide in Malabar premiered in Delhi

Congress President Sonia Gandhi emphasizes on reliable testing to fight COVID-19

Sonia Gandhi tests positive for COVID-19 for the third time

EXCLUSIVE! Sex crimes against children on the rise in North Kerala

TN industrialist calls techie working in film industry for business meeting in Bengaluru, rapes her

New Covid variant, Wuhan scientists say one out of three would die, WHO says more clarity required

Scientists find antibodies that may lead to next-gen vaccines for all Covid strains

Sadguru on how Hindu civilization survived all kinds of onslaughts

Madras high court orders fresh probe into Isha Foundation’s phone bill case

Merger of 10 state-run banks into 4 to come into force from April 1: RBI

RBI’s new guidelines to loan recovery agents says not to intimidate borrowers, no calling before 8am & after 7pm

Ahead of release of RRR, Telugu actor Ram Charan sends medicine, money to security staff in Ukraine

Google honours ‘RRR’ movie with special motion emoji

  • Support Us
  • Our Projects
  • Our Mission
  • Contact Us

©Copyright Indus Scrolls. Tech-enabled by Ananthapuri Technologies

No Result
View All Result
  • Home
  • News
    • National
    • International
    • Regional
    • Sports
    • Science
    • Environment
  • Opinion
  • Culture
    • Temples
    • Ayurveda
    • Art
    • Festivals
    • Books
    • Astrology
    • Literature
    • History
  • Religion
    • Our Gurus
    • Hinduism
    • Islam
    • Christianity
  • Lifestyle
    • Health
    • Yoga
    • Fashion
    • Travel
    • Cuisine
  • Technology
  • Entertainment
  • Economy
  • Video

©Copyright Indus Scrolls. Tech-enabled by Ananthapuri Technologies