LIC IPO: Tomorrow, the wait of shareholders will end, LIC shares will be listed on NSE and BSE

LIC IPO Share Listing: The country’s largest insurance company Life Insurance Corporation (LIC) will list its shares in the stock exchanges on Tuesday. The government had received a good response from domestic investors for this initial public offering (IPO) of Rs 20,557 crore. LIC’s stock will be listed on the stock exchanges on Tuesday

949 is the issue price
The government has fixed the issue price of LIC shares at Rs 949 per share. However, LIC policyholders and retail investors will get shares at Rs 889 and Rs 904 per share, respectively. Shares will be listed on BSE and NSE tomorrow i.e. 17th May.

Know the special things of IPO
LIC’s IPO closed on May 9 and its shares were allotted to the bidders on May 12. The government has offered more than 22.13 crore shares i.e. 3.5 percent stake in LIC through IPO. For this, the price range was kept at Rs 902-949 per share.

LIC’s IPO got almost three times subscription. Domestic investors took part in this, while the reaction of foreign investors was ‘cold’. This is the biggest IPO in the history of the country. The government has decided to sell its 3.5 percent stake in LIC through this IPO. The government was expected to get around Rs 20,557 crore from the sale of this stake.

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