The most awaited mega IPO of Life Insurance Corporation (LIC) is likely to open on 4th May and close on 9th May. According to the report, Existing policyholders will get Rs-60 and retail investors and employees will also get an Rs-45 discount. After a Reservation, the remaining shares (50%) will be allocated to Qualified institutional Buyer (QIB), Retail (35%), and 15% for Institutional Investors. The government has planned to issue a 5% stake of value 31.6cr Shares in February 2022 but now they have decided to Issue 3.5% and will fetches-21000 cr. Price Band will offer Rs-902-949 per share. Investment Bankers and LIC Management will do roadshows and will meet with Potential investors starting on Wednesday and marked six cities across India-New Delhi, Mumbai, Bangaluru, Ahmedabad, Rajkot, and Kolkata. Online roadshows will cover Investors across other regions. #IPO #LIC #Capitalmarket #Shares
