LIC share price

Retail investors will get a 45 per share discount on the cut-off price while. The price range for the issue has been set between Rs 902 and Rs 949 per share and LIC is likely to be listed on May 17.

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Insurance giant LIC has fixed the price band at Rs 902-949 per share for the Rs 21000 crore public offer that is likely to open on May. As per the information available on BSE website LIC IPO price band has been fixed at 902 to 949 per equity share. The offer includes a reservation for eligible employees and policyholders.

The share sale is through an offer-for-sale OFS of up to 2213 crore equity shares and will open on May 4 and close on May 9. LIC has fixed the price band at Rs 902-949 per equity share for the issue. The shares are likely to be listed on May 17.

According to sources Life Insurance Corporation LIC would offer a Rs 60 discount for policyholders and Rs 40 for retail investors and employees. A discount of Rs 45 has been set for retail and employees while the bid lot size has been fixed for 15 shares per lot government sources said on Tuesday. There is expected to be a discount of Rs 60 for the existing LIC.

The government is selling over 2213 crore shares in LIC at a price band of Rs 902-949 a piece in the initial public offering which opens on 4 May and closes on 9 May. The government will divest a 35 stake in Life Insurance Corp. The LIC IPO price band has been set at Rs 902 to Rs 949 per equity share.

The price band for the much-awaited Initial Public Offering IPO of Indias largest insurance company Life Insurance Corporation of India LIC has been set at Rs 902-Rs 949 per share. Insurance giant LIC has fixed the price band at Rs 902-949 per share for the Rs 21000 crore public offer that is likely to open on 4 May sources said. The government is selling 221374920 shares in Life Insurance Corporation LIC aiming to raise around Rs 21000 crore.

In the grey market LIC shares were trading at a premium of less than Rs 40.

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