LIC IPO is going to launch this fiscal year 2021-22. BJP Led government of India is going for Life insurance corporation initial public offering this year. Finance minister Pankaj Chaudhary Officially announced in Lok Sabha on 19th July 2021. therefore we might get to know about LIC IPO Date soon, here we are going to update about LIC IPO Grey Market Premium too.
LIC, the country’s largest Insurance company, and Institutional investors are about to start the IPO this time. Through this, the company will sell its stake at BSE and NSE. Therefore, the IPO presents an opportunity for the investors and employees to invest in the issue. Also, LIC policy holders will get a quota to apply. Now that Life Insurance Corporation IPO is suspected to start in the coming time, we shall tell you more about it. In this post, you will read about the LIC IPO Date GMP. Check Life Insurance Corporation IPO Grey Market Premium, LIC IPO Date, Check LIC IPO Price Band and Launch Date.
LIC IPO Date GMP
The government has proposed to sell a part of LIC through an Initial Public Offering. It is the only insurer offering that keeps the funds of policyholders secure. This is the biggest reason that the policy premiums of LIC are higher than many private companies. As per a report, LIC collected around Rs. 1.37 Lakh Crore in the period of April to December 2019. Being the largest insurer in India, LIC corners around 70% of the market share. Also, the Company has over 4 lakh investments in major economic sectors. Talking about insurance companies, the Insurance Regulatory Development Authority of India (IRDAI) regulates all the companies. This comes under the LIC Act. With the LIC listing, more transparency and public participation can be observed in the equity market. Our Finance Minister Nirmala Sitharaman announced an LIC IPO Date.
Life Insurance Corporation is filing LIC IPO for 60,000 Crore soon.Update
LIC Grey Market Premium Price Band and Date
Market participants are considering the upcoming LIC IPO as an IPO of the decade. The Rs. 10 lakh crore IPO will be the biggest IPO in the Indian Stock market. Many investors and traders are excited about the IPO now. Therefore, the LIC policyholders get around 10% of shares reserved for them in the IPO. Also, the company has mentioned that LIC will not opt for privatization and will work in a government entity. So far, the reports say that the IPO will take place on 11th April 2022, as the Finance Minister mentioned it to take place the next fiscal. Then, LIC IPO will last for at least five days and the investors can subscribe for the longest IPO duration.
It is also believed that one share of the LIC IPO will be around Rs. 400 to Rs. 600. The company calculates it based on capital and valuation costs that are around Rs. 25,000 Crore and Rs. 10 Lakh Crore.
There is no current updates on LIC Agent IPO benefits, we are hoping that Life Insurance corporation might introduce it in upcoming days.
Life Insurance Corporation IPO Date @ licindia.in
|Company||Life Insurance Corporation|
|Issue||100% Book Built IPO|
|Price Band||Rs. X per equity share|
|Size||Rs. 70,000 Crores|
|Face Value||10% per equity share|
|Maximum Bid for Retail||Rs. 2 Lakh approx.|
|LIC GMP||Currently 100% Above Issue Price|
|QIB||50% issue size|
|NIB||15% issue size|
|Retail Individual||35% issue size|
|Listing||NSE and BSE|
LIC IPO Application Status
From the paragraphs above, you know the basic information on the LIC IPO that will take place in the coming time. Now, we shall inform you on the process of applying for the LIC IPO. An interested party/ individual will be able to apply for the LIC IPO through ASBA that is available in bank account. One just have to go to the bank login available online and there, you have to enter your bank account. You can do so by opting for the LIC IPO that is under the Invest Section. Other than this, you can apply by downloading forms through NSE and BSE. Then, you have to fill up these forms and submit them at the bank to yoru broker.
Now, we would also like to give you the objectives of the company. LIC works for spreading life insurance in rural areas, especially to economically and socially backward classes. Also, the company intends to make insurance-linked savings. Furthermore, the company takes responsibility for the funds of policyholders who trust the company. Moreover, the company meets the needs of the community that arise in the changing economic and social environment.
Links For Life Insurance Corporation GMP
LIC Grey Market Premium Date FAQs
The objectives of the LIC IPO that is to take place soon are General Corporate Purposes and meeting working Capital Requirements.
Mr. M R Kumar is the Chairman of the Life Insurance Corporation of India.
The reports estimate the launch date of the LIC IPO is 11th April 2022.