Newspro24x7
BUSINESS NEWS ALERT

LIC’s IPO is opening for common investors from today, know how to apply

New Delhi : The country’s largest insurance company Life Insurance Corporation of India’s IPO (LIC IPO) is opening for common investors from today. There is tremendous enthusiasm among investors and shareholders regarding this. By sending a message to the policyholders of LIC, the company has informed about the opening of the IPO.

Common investors can invest in LIC’s IPO till May 9. Many people have opened their demat account to invest in IPO. However, there is still less information about the IPO among the common people. In such a situation, know all the important information related to LIC IPO here.

The government holds 100 percent stake in the country’s largest insurance company LIC

Through IPO, the government is going to sell its 3.5 percent stake in LIC. The government is expected to get Rs 21000 crore through IPO. After this, all the common investors who buy the IPO will have a stake in LIC.

Common investors will be able to invest money in LIC till May 9

The company has kept a price band of Rs 902-949 per share for the IPO. The face value of a share is Rs 10. Retail investors will be able to bid for LIC’s IPO by lot. There will be 15 shares in one lot.

This means that investors bidding for LIC IPO will have to invest Rs 949 * 15 i.e. Rs 14235 for a minimum of one lot. As per the guidelines issued earlier, a common investor will be able to bid for a maximum of 14 lots.

LIC is giving special discount to its policyholders in IPO

Policyholders will get a discount of Rs 60 per share and Rs 45 per share for retail investors. Investing in LIC IPO is a profitable deal in the eyes of experts. Manish Sonthalia, Associate Director and Fund Manager, Motilal Oswal Asset Management Company, has described IPO as a better option to invest.

Related posts

Three Pakistani terrorists of Jaish-e-Mohammed killed in Baramulla, one policeman martyred

Team Newspro24x7

India closed today on many issues including caste census, know where it will have more impact

Team Newspro24x7

Home Minister Amit Shah will see Akshay Kumar’s ‘Prithviraj’ on June 1, before the release, know why special screenings are being held

Team Newspro24x7

Government panicked by record exports, after wheat, now sugar exports are also banned from June 1

Team Newspro24x7

Violence over renaming of district in Andhra Pradesh, minister’s house burnt, many injured

Team Newspro24x7

Weather updates : There is a possibility of rain in Delhi even today, there is a possibility of thunderstorms in these states

Team Newspro24x7

Major accident in Karnataka, 7 killed, 26 badly injured in passenger bus and lorry collision

Team Newspro24x7

US President raised the issue of Russia-Ukraine war, Modi said – Quad became effective in a short time, democratic powers are getting energy

Team Newspro24x7

Qutub Minar is a monument, no religion is allowed to worship, ASI’s affidavit in Saket court

Team Newspro24x7

13 countries including India, America will become an alternative to China-centric supply chain

Team Newspro24x7

Good News on Inflation: Modi government alerted on inflation, first increased inflation, now it will fight inflation

Team Newspro24x7

Gyanvapi Masjid case : Another petition filed in Supreme Court, know what was demanded

Team Newspro24x7

Security forces on target of terrorists, red alert issued in Srinagar

Team Newspro24x7

Strong welcome to PM Modi in Japan, meeting with Japanese industrialists in Tokyo

Team Newspro24x7

Trees uprooted at many places in Delhi-NCR due to storm and rain, airlines affected

Team Newspro24x7

Big accident at Patna airport, iron structure collapsed during construction work, two laborers died, one broken spine

Team Newspro24x7

Important disclosure in WHO emergency meeting on monkeypox ; More than 100 cases confirmed in Europe so far, know 10 updates

Team Newspro24x7

The water of 60 big dams out of 140 in the country decreased, three dams in Rajasthan too

Team Newspro24x7

Corona’s fourth wave will come at the end of June? Know what the former director of AIIMS gave the answer

Team Newspro24x7

‘I will quit playing cricket’ – Virat Kohli surprised by hinting at retirement

Team Newspro24x7

The price is highest in Rajasthan, now the difference in the price of Diesel-CNG is only Rs.12

Team Newspro24x7

Car full of processions collides with tree, 7 killed, 10 injured in Karnataka

Team Newspro24x7

Weather Update: Change in weather patterns in these states including Delhi, possibility of thunderstorm and rain

Team Newspro24x7

Know how many new cases of corona came in Uttarakhand?

Team Newspro24x7

International Yoga Day camp will be organized on June 21 in Kedarnath

Team Newspro24x7

Education Minister’s daughter was given instructions to sack the Calcutta High Court, 41 months salary will have to be returned

Team Newspro24x7

Supreme Court extended the tenure of the inquiry committee by 4 weeks, now hearing will be held in July

Team Newspro24x7

Navjot Singh Sidhu sought time from the court for surrender, told the reason for ill health

Team Newspro24x7

Prashant Kishor told Congress’s Chintan Shivir failed, said – ‘nothing will be achieved’

Team Newspro24x7

Air India plane’s engine stopped in mid-air as soon as it took off, pilot had to make emergency landing

Team Newspro24x7