LIC IPO Itemizing: Lastly, the lengthy wait has come to an finish because the nation’s largest insurer LIC will checklist its shares on the inventory exchanges on Tuesday. The shares will checklist on the BSE and NSE on Might 17. Listed here are 10 issues to know earlier than Life Insurance coverage Company (LIC) lists its shares on NSE, BSE inventory exchanges:-
1
LIC witnessed response from home traders within the preliminary share sale, which fetched Rs 20,557 crore to the federal government.
2
The federal government had fastened the problem worth of LIC shares at Rs 949 apiece for allotment to traders.
3
LIC policyholders and retail traders have gotten the shares at a worth of Rs 889 and Rs 904 apiece, respectively, after bearing in mind the low cost provided.
4
The Preliminary Public Providing (IPO) of Life Insurance coverage Company (LIC) closed on Might 9 and shares have been allotted to bidders on Might 12.
5
The federal government bought over 22.13 crore shares or a 3.5 per cent stake in LIC by way of the IPO.
6
The value band of the problem was Rs 902-949 a share. Nevertheless, shares have been allotted to traders on Might 12 on the higher finish of the worth band.
7
The LIC IPO — India’s largest to this point — closed with practically 3 occasions subscription, predominately lapped up by retail and institutional patrons, however international investor participation remained muted.
8
LIC had final month diminished its IPO measurement to three.5 per cent from 5 per cent determined earlier because of the prevailing uneven market circumstances. Even after the diminished measurement of over Rs 20,557 crore, the LIC IPO is the largest preliminary public providing ever within the nation.
9
The share sale was initially deliberate to hit the markets in March. However the uncertainty in inventory markets because of the Russia-Ukraine conflict pushed the problem to the present fiscal, which started in April.
10
The proceeds from the LIC problem make up for a couple of third of the Rs 65,000 crore disinvestment goal set for the present fiscal.
IPOs to this point
Up to now, the quantity mobilised from the Paytm IPO in 2021 was the biggest ever at Rs 18,300 crore, adopted by Coal India (2010) at practically Rs 15,500 crore and Reliance Energy (2008) at Rs 11,700 crore.
(With PTI inputs)
