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This week, the Life Insurance coverage Company of India (LIC) will launch its preliminary public providing (IPO).
In keeping with info on the BSE web site, the LIC IPO subscription will start on Might 4th, 2022, and can look forward to bidding till Might ninth, 2022.
The Rs 210 billion public providing is solely OFS (Provide for Sale), with the Authorities of India (GoI) setting the value band at Rs 902 to Rs 949 per fairness share.
In keeping with market consultants, LIC shares are at present buying and selling at a premium of Rs92 within the gray market.
In keeping with individuals accustomed to the scenario, vital buyers have bid for twice the dimensions of the anchor guide within the Life Insurance coverage Company of India’s preliminary public providing.
On Monday, the anchor guide for the nation’s largest public providing of 210 billion rupees will probably be introduced, with a price of 56 billion rupees ($733 million).
The next are key LIC IPO particulars:
GMP of LIC IPO: In keeping with market consultants, the GMP of the LIC IPO right this moment is Rs 92, which is 20 larger than the GMP of Rs 72 per fairness share on Friday night.
Date: The general public subject will start on Might 4th, 2022, and will probably be up for bidding till Might ninth, 2022.
Value: The Authorities of India has set the value vary for the LIC IPO at Rs 902 to Rs 949 per fairness share.
IPO Measurement: The Authorities of India expects to boost Rs 210 billion from this public providing.
IPO lot dimension: Bidders will have the ability to apply in tons, with every LIC IPO lot containing 15 shares.
IPO utility restrict: One bidder can apply for at least one lot, with a most of fourteen tons authorised for a single bidder.
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