LIC IPO Date | LIC IPO Expected Issue | What Is The Price Of LIC IPO | LIC IPO Date Allotment Details
The majority of investors are looking forward to LIC IPO, especially those who have an insurance policy with the company. There is a good reason for this, as 10% of the shares in the IPO will be allocated for LIC policyholders. According to a recent estimate, it will be Asia’s largest IPO, with an expected issue size of Rs. 70000 crores to Rs. 80000 crores.
People are sure that their money deposited in LIC will never lose value, which is why the average citizen of the country prefers to deal with LIC rather than other insurance companies. It is not only a dependable insurance company but also a job opportunity for the average person.
On Monday, the Minister of State for Finance Bhagwat Kishanrao Karad stated that the government intends to complete the initial public offering of Life Insurance Corporation (LIC) in the current fiscal year.
The government issued a request for proposals on Thursday to recruit merchant bankers and legal consultants for the country’s largest insurer’s initial public offering (IPO) and subsequent listing.
“The Life Insurance Corporation of India (LIC )’s Public Offer (IPO) is expected to be completed this year,” Karad said in a written reply to the Lok Sabha.
The government’s ability to reach its disinvestment aim will be dependent on the listing of LIC. The Finance Ministry, is inviting bids from merchant bankers, stated that the IPO’s potential size is expected to be far larger than any previous issue.
LIC IPO 2021
The IPO date for LIC has not yet been set, but it is expected to hit the market soon and will be listed in the third or fourth quarter of the financial year. However, the target for this has been pushed back until the end of the financial year, and it will be launched between December and March, as the Government of India recently approved LIC disinvestment. Because of considerable revisions to the LIC Act 1956 for IPO and listing, the issue price might be Rs 1 lakh crore.
“Jindagi ke sath bhi, jindagi ke baad bhi” This tagline is completely right because LIC has earned a unique place in people’s hearts today. This corporation, which originated in England, increasingly grew entangled in people’s lives. It was brought to India from England in the 1818s and is now the preferred choice of millions of Indians. Many insurance companies entered the market during that decade, but LIC maintained number one in the insurance industry despite the competition.
Life Insurance Corporation Initial Public Offering Highlights
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|Listing On||NSE BSE|
LIC IPO GMP, Share Price
The Life Insurance Corporation of India, headquartered in Mumbai, is the country’s largest life insurance company. It was founded in 1956 and is totally under the control of the Indian government. It currently employs over 1 lakh people. Apart from that, there are over 30 crore policyholders, and we will keep you updated on the LIC IPO GMP and Share Price as soon as it becomes available, so stay tuned with us.
LIC is a name that is trusted by millions of people around the country. Although numerous organizations work in the insurance industry, LIC remains the market leader despite the competition. When a common man in India considers saving money or purchasing insurance, the term LIC comes to mind first.
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The government of India owns 100% of the Life Insurance Corporation of India.
Yes, the Life Insurance Corporation of India is planning an initial public offering.
A person must have a Demat account/trading account with a financial institution that offers this service in order to purchase LIC IPO shares.