The IPO of Life Insurance Corporation of India will open on Wednesday. The eyes of investors from all over the world are on the biggest IPO in India. There is a lot of curiosity about this IPO in the country too. Through this IPO, the government will provide its 3.5 percent stake in LIC and issue more than 22 crore shares. The government intends to raise ₹21,000 crores from the market through this IPO.
Where to apply for LIC IPO or buy LIC shares online with mobile?
In LIC IPO, shares will be given to retail investors and LIC policyholders at a discount rate. Policyholders will get a ₹60 discount while retail investors will get a ₹45 discount. You too can easily buy the stakes of the country’s largest insurance company online through your smartphone. The companies including PayTM Money, Zerodha and SBI YONO are providing the facility to invest online in this IPO.
What is the LIC IPO price or LIC share price?
The LIC IPO price band is fixed at ₹902 to ₹949 per share and the government is selling 22,13,74,920 shares aiming to raise ₹21,000 crores.
Read: All you need to know about the upcoming LIC IPO | How to apply for LIC IPO on the PayTM Money app?