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LIC IPO

LIC is planning to bring an IPO to sell 10% of its stake and get listed at BSE and NSE stock exchanges. This fast track IPO is part of the disinvestment of government stake in LIC. The government of India is planning to raise funds between Rs 80,000 to 1 lakh crore through this IPO.

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LIC IPO

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  1. Account Opening LIC is planning to bring an IPO to sell 10% of its stake and get listed at BSE and NSE stock exchanges. This fast track IPO is part of the disinvestment of government stake in LIC. The government of India is planning to raise funds between Rs 80,000 to 1 lakh crore through this IPO. The LIC IPO 2020 offers a great opportunity to retail investors and employees to invest in the company for the long term as well as making quick listing day gains. It is also speculated the LIC Policy Holders may get a reserved quota in this IPO.In the Union Budget speech for 2020-21, Finance Minister Nirmala Sitharaman had said: Listing of companies on stock exchanges disciplines the company and provides access to financial markets and unlocks its value. It also gives an opportunity for retail investors to participate in the wealth so created. The government now proposes to sell a part of its holding in LIC by way of Initial Public Offer (IPO). Apply for LIC IPO Competitive Strength In FY 2018-19, LIC’s total asset volume was Rs 31.11 lakh crore  In 2018-19, LIC’s total premium receivable was 2 lakh crore 

  2. In 2019, LIC’s investment volume stood at Rs 29.84 lakh crore, including investments in debt and  equity LIC is the country’s largest insurer with 68.9 percent market share in the new business premium  collection and 60.9 percent in annual premium collection LIC IPO Details IPO Opening Date Expected in FY 2022-23 IPO Closing Date Expected in FY 2022-23 Issue Type Book Building Offer Face Value ₹10 per equity share IPO Price Market Lot Min Orher Quantity Listing At Issue Size Rs 80,000 to Rs ,1200,000 corer* [Tentative] Fresh Issue 316,249,885 Eq Shares of ₹10 (aggregating up to ₹ [.] Cr) Offer for Sale 316,249,885 Eq Shares of ₹10 (aggregating up to ₹ [.] Cr) Will LIC policyholders get any benefit if they apply? There are reports that LIC will reserve up to 10% of the issue size in the IPO for LIC policyholders thus providing a greater chance of allotment. There are also reports that the government could offer a discount on the issue price for LIC policyholders. Further details will be known when the DRHP is issued. How do I apply to the LIC IPO?

  3. You can apply for the LIC IPO using by following two steps: Enter your bid on e-IPO  Accept UPI mandate on your phone On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.  If you don’t have an account with Nirman Broking, you can open one online and receive your login credentials within 2 hours. You can sign up using your mobile number on our website. Follow the simple on-screen instructions to open an account. You will be required to enter your PAN, bank account details, and personal details to continue with the sign-up. Check out this video walkthrough to learn more. If you face any difficulties while opening an account online, you can call us on — 0755-4260000 / 4077777 Apply for LIC IPO View more related Share Price CDSL Share Price  Tata Motor Share Price  SBI Share Price  Wipro Share Price 

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