{"id":8221,"date":"2022-04-27T18:51:16","date_gmt":"2022-04-27T13:21:16","guid":{"rendered":"https:\/\/www.tickertape.in\/blog\/?p=8221"},"modified":"2022-05-02T02:31:52","modified_gmt":"2022-05-01T21:01:52","slug":"lic-ipo-details","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/blog\/lic-ipo-details\/","title":{"rendered":"LIC IPO Is Finally Here! Take a Quick Look at the IPO Details"},"content":{"rendered":"\n<p>Mega <a href=\"https:\/\/www.tickertape.in\/blog\/uncover-lics-ipo-with-harsh-vora\/\">LIC IPO<\/a> had created a buzz last year that still carries. And the wait is finally over! The initial public offering of the Life Insurance Corporation of India (<a href=\"https:\/\/www.tickertape.in\/blog\/lic-ipo-date-price-review-news-application-and-details\/\">LIC<\/a>) is going to hit the primary market in May 2022.<\/p>\n\n\n\n<p>\u00a0<meta charset=\"utf-8\">To know more about the LIC <a href=\"https:\/\/www.tickertape.in\/blog\/ipo-investment\/\">IPO<\/a>, follow our article here: <a href=\"https:\/\/www.tickertape.in\/blog\/lic-ipo-date-price-review-news-application-and-details\/\" target=\"_blank\" rel=\"noreferrer noopener\">LIC IPO: Date, Price, Review, News, Application and Details!<\/a><\/p>\n\n\n\n<p>LIC is India\u2019s sole government-owned insurance provider. It is the largest firm in the Indian insurance industry, with a market share of more than 64.1% in terms of premiums. The LIC IPO is the largest ever IPO to hit the Indian markets despite the revised plan. Following are a few IPO-related details you should know to apply for the same.<\/p>\n\n\n\n<ul><li>The Government of India plans to offload a 3.5% stake in LIC and expects to raise Rs 21,000 cr. It is short of the earlier projection of about Rs 60,000 cr.<\/li><li>The price band for the LIC IPO has been set at Rs 902 to Rs 949 per share.<\/li><li>Investors can bid for the LIC IPO in lots. While each lot consists of 15 shares, you can bid for a maximum of 14 lots.<\/li><li>Employees and retail investors will be given a Rs 45 per share discount, while LIC policyholders will get Rs 60 per share discount.<\/li><li>50% of the IPO is reserved for qualified institutional buyers (QIBs), 35% for retail buyers, and 15% for non-institutional investors. Of the 50% QIB allocation, 60% will be reserved for anchor investors.<\/li><li>LIC IPO is set to open on 2 May 2022 for anchor investors and for subscription on 4 May 2022. The issue will close on 9 May 2022.<\/li><li>The tentative listing date of the public issue is 17 May 2022.<\/li><li>KFin Technologies Limited has been appointed as the official registrar.<\/li><\/ul>\n\n\n\n<p>Before investing in LIC IPO, it is vital to equip yourself with the <a href=\"https:\/\/www.tickertape.in\/blog\/lic-ipo\/?utm_source=blog&amp;utm_medium=article\">strengths and risks<\/a> involved.&nbsp;<\/p>\n\n\n\n<p>As mentioned before, an LIC policyholder has an added advantage of a discount of Rs 60 per share. If you are looking to enjoy this benefit, read <a href=\"https:\/\/www.tickertape.in\/blog\/how-to-apply-lic-ipo-as-a-policy-holder\/?utm_source=blog&amp;utm_medium=article\">how to subscribe to LIC IPO as a policyholder<\/a> to enjoy a&nbsp; seamless experience while applying for it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s largest life insurance company is going public by floating an IPO of Rs 21,000 cr. Read other LIC IPO details here.<\/p>\n","protected":false},"author":90,"featured_media":8224,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[10,1744],"tags":[227,208,237,1182,311],"acf":[],"modified_by":"Vyshakh","jetpack_featured_media_url":"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2022\/04\/08.png?wsr","_links":{"self":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/8221"}],"collection":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/users\/90"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/comments?post=8221"}],"version-history":[{"count":5,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/8221\/revisions"}],"predecessor-version":[{"id":8248,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/8221\/revisions\/8248"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media\/8224"}],"wp:attachment":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media?parent=8221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/categories?post=8221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/tags?post=8221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}