LIC IPO, India’s Largest IPO, Set to Open on May 4
LIC IPO: Key Details
- The Life Insurance Corporation of India (LIC) initial public offering (IPO) will open for subscription on May 4, 2022.
- The IPO will close on May 9, 2022.
- The price band for the IPO has been set at Rs 902-949 per share.
- The IPO is expected to raise Rs 21,000 crore, making it the largest IPO in India’s history.
LIC IPO: Objectives
- The LIC IPO is part of the government’s disinvestment program.
- The government aims to raise funds from the IPO to finance its fiscal deficit.
- The IPO will also help to increase public ownership of LIC.
LIC IPO: Risks
There are some risks associated with the LIC IPO.
- The IPO is being launched at a time when the stock market is volatile.
- The LIC IPO is a large issue and it may take some time for the shares to be fully subscribed.
- LIC is a government-owned company and its performance may be affected by government policies.
LIC IPO: Conclusion
The LIC IPO is a significant event in India’s financial history. It is the largest IPO in India’s history and it is expected to attract a lot of interest from investors. However, there are some risks associated with the IPO and investors should carefully consider these risks before investing.
FAQs
What is the LIC IPO?
The LIC IPO is the initial public offering of the Life Insurance Corporation of India (LIC).
When will the LIC IPO open and close?
The LIC IPO will open for subscription on May 4, 2022, and will close on May 9, 2022.
What is the price band for the LIC IPO?
The price band for the LIC IPO has been set at Rs 902-949 per share.
How much money is the LIC IPO expected to raise?
The LIC IPO is expected to raise Rs 21,000 crore, making it the largest IPO in India’s history.
