LIC IPO Share Listing: The nation’s largest insurance coverage firm Life Insurance Corporation (LIC) will checklist its shares within the inventory exchanges on Tuesday. The authorities had acquired a very good response from home traders for this preliminary public providing (IPO) of Rs 20,557 crore. LIC’s inventory might be listed on the inventory exchanges on Tuesday

949 is the difficulty value
The authorities has mounted the difficulty value of LIC shares at Rs 949 per share. However, LIC policyholders and retail traders will get shares at Rs 889 and Rs 904 per share, respectively. Shares might be listed on BSE and NSE tomorrow i.e. seventeenth May.

Know the particular issues of IPO
LIC’s IPO closed on May 9 and its shares had been allotted to the bidders on May 12. The authorities has provided greater than 22.13 crore shares i.e. 3.5 p.c stake in LIC by IPO. For this, the value vary was saved at Rs 902-949 per share.

LIC’s IPO acquired virtually thrice subscription. Domestic traders took half on this, whereas the response of international traders was ‘chilly’. This is the most important IPO within the historical past of the nation. The authorities has determined to promote its 3.5 p.c stake in LIC by this IPO. The authorities was anticipated to get round Rs 20,557 crore from the sale of this stake.

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