The initial public offering (IPO) of Life Insurance Corporation of India opened for subscription today. The public issue will close on May 9. The insurance behemoth stated that it has garnered around Rs 5,627 crore from anchor investors ahead of the IPO.
India s biggest public issue to date by the country s largest insurance provider – the Life Insurance Corporation (LIC) initial public offering (IPO) – opens to primary markets today. LIC Mega IPO Opens for Subscription; to Close on May 9.
LIC IPO Highlights: The price band for LIC IPO is Rs 902-949 per equity share and the public issue will close on May 9. LIC policyholders will get a discount of Rs 60 per equity share, while retail investors and employees will get a discount of Rs 45 on each share