How can policyholders apply for LIC IPO? Details on eligibility, mandatory documents, WhatsApp number - LIC IPO: 22,137,492 equity shares, constituting up to 0.35% of the post-offer paid-up equity share capital, have been reserved.
With this IPO, which is through an offer-for-sale, the government is aiming to divest its 3.5 per cent stake in the insurer by selling 22,13,74,920 shares.
If you are a policyholder, an employee and a retail investor then you can bid for Life Insurance Corporation’s (LIC) initial public offering (IPO) under all three categories separately to avail discounts under each head. Read more to know how.