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Swarajya's video: LIC IPO: Expected Share Price Places The Valuation At Cheapest Among Its Global Peers

@LIC IPO: Expected Share Price Places The Valuation At Cheapest Among Its Global Peers
Life Insurance Corporation (LIC) on Wednesday said it will launch its initial public offer (IPO) on May 4, Wednesday. The issue will close on May 9, Monday. The state-owned insurer said the government will be selling shares in the price band of Rs 902-949. The government plans to offload 3.5 per cent stake or 22.13 crore shares in the company and raise Rs 20,557.23 crore. This is well short of earlier projection of about Rs 60,000 crore. Investors can bid for shares in a lot size of 15 shares, and multiples thereof. There is an employee reservation of 15.81 lakh shares while 2.21 crore shares are reserved for policyholders. Retail and employees will get Rs 45 discount, while policyholders will get Rs 60 discount. Half of the shares are reserved for qualified institutional buyers (QIB), 15 per cent of the shares will be reserved for non-institutional investors while the rest is for retail investors. Despite its reduced size, this is the largest IPO ever in India. It leaves behind the maiden issue of Paytm that came last year whose size was Rs 18,300 crore. The IPO values LIC at Rs 6.07 lakh crore. Shares will be allotted to successful bidders on May 12, and the refund to unsuccessful bidders will be credited on the same day. Shares will be credited to the demat account by May 16 and the stock will start trading in the secondary market from May 17 onwards. Subscribe to Swarajya on YouTube. Get a Swarajya subscription: https://subscriptions.swarajyamag.com/join-us Website: https://swarajyamag.com/ Twitter: https://twitter.com/SwarajyaMag Facebook: https://www.facebook.com/swarajyamag

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This video was published on 2022-04-27 18:00:24 GMT by @Swarajya on Youtube. Swarajya has total 164K subscribers on Youtube and has a total of 4.3K video.This video has received 26 Likes which are lower than the average likes that Swarajya gets . @Swarajya receives an average views of 2.7K per video on Youtube.This video has received 0 comments which are lower than the average comments that Swarajya gets . Overall the views for this video was lower than the average for the profile.Swarajya #LIC #IPO #LICIPO #LICShareValue #LICSharePrice #StockMarket #InitialPublicOffering Subscribe has been used frequently in this Post.

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