LIC IPO Allotment Status

(Life Insurance Corporation of India IPO (LIC IPO))

IMPORTANT DATES

IPO Opening Date – 10-March-2022 (Expected)

IPO Closing Date – To be notified Soon

Basis of Allotment Finalization – To be notified Soon

Refunds Initiation – To be notified Soon

Credit of Shares to Demat Account – To be notified Soon

Share Listing Date – To be notified Soon

ISSUE PRICE

Rs. 2,000/- To Rs. 2,100/-

(Expected)

LIC IPO Allotment Status

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एलआईसी भारत की एकमात्र सरकारी स्वामित्व वाली बीमा प्रदाता कंपनी है। यह भारतीय बीमा क्षेत्र की सबसे बड़ी कंपनी है, जिसकी बाजार हिस्सेदारी प्रीमियम के मामले में 64.1% से अधिक है और न्यू बिजनेस प्रीमियम के मामले में 66.2% बाजार हिस्सेदारी है । कंपनी सहभागी बीमा उत्पाद और गैर-भाग लेने वाले उत्पाद यानी यूनिट लिंक्ड बीमा उत्पाद, बचत बीमा उत्पाद, टर्म इंश्योरेंस उत्पाद, स्वास्थ्य बीमा और वार्षिकी और पेंशन उत्पाद प्रदान करती है।.

LIC is India’s only government-owned insurance provider company. It is the largest company in the Indian insurance space with a market share of above 64.1% in terms of premiums and 66.2% market share in terms of New Business Premium. The company offers participating insurance products and non-participating products i.e. unit linked insurance products, saving insurance products, term insurance products, health insurance, and annuity & pension products .

“वित्त मंत्री निर्मला सीतारमण ने अपने 2022-23 के बजट भाषण में कहा था: “एलआईसी का पब्लिकली शेयर जल्द ही आने की उम्मीद है।”

“Finance minister Nirmala Sitharaman in her 2022-23 Budget speech had said: “The public issue of the LIC is expected shortly.”

Lets have a discussion on the LIC IPO Allotment Status!

As Investors are eagerly waiting for one of the biggest IPO & wanting to know that to apply in this mega IPO, at least how much money will be required. If the ongoing speculations are to be believed, then the issue price of LIC can be between Rs 2000 to Rs 2100. In such a situation, according to the upper price band, the retail investor will have to invest Rs 14,700 for a lot. There can be a lot of 7 shares.

If you are waiting to invest in LIC IPO, then you are going to get this opportunity soon. The government aims to launch this IPO before March 31. But in the meantime, according to the news going on in the media, the IPO can be launched on 10 March 2022.

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LIC IPO Details

According to reports, this IPO will be open for investors on March 10 (LIC IPO Open Date), and will remain open till March 14. It is reported that the size of LIC’s issue could be Rs 65,000 crore. Most of the retail investors are seeing enthusiasm about LIC IPO. Till now, no information has been given by the government regarding the price band and opening date of LIC IPO. In such a situation, the news that is going on regarding the price band and IPO opening date is only based on speculation.

Preparation to sell 5 percent stake

Actually, the Insurance Company (LIC) had submitted the draft papers with SEBI on 13 February. After the submission of this document, the company is ready to complete the process of selling 5 percent stake by March. According to the draft, a total of 31,62,49,885 shares will be issued. 

After the mega IPO of LIC, it will overtake Reliance Industries (RIL) to become the country’s largest company in market cap. According to the documents submitted to SEBI regarding the IPO, the government will sell its 5 percent stake through 31 crore equity shares. At present, the government has 100% stake in LIC.

Stock market boom possible

LIC is the world’s third largest insurance brand. LIC has about 29 crore policies in India, in which some people have more than one policy. In such a situation, it is estimated that the total number of policyholders can be between 20 to 25 crores. In such a situation, experts believe that with this huge IPO, the number of investors in the market will increase rapidly. Also, its effect can be seen positive on the market. Retail investors will also enter the market. 

Now, You can get the latest information regarding LIC IPO Allotment Status Live Here.

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