LIC IPO 2022: Check Issue Date, IPO Price, Lot Size & Details
The government of India is diluting its partial ownership in LIC by making an initial public offering (IPO) and allowing the general public to invest in the company's equity. With the launch of the LIC IPO and subsequent listing, the company will fall under the direct scrutiny of the Securities and Exchange Board of India (SEBI). As a result, it would be required to comply with the standards for publicly traded companies. This would increase the transparency of LIC operations while also strengthening the overall corporate governance of the organisation.
Budget officials announced in 2022-2023 that up to 10% of the LIC IPO issue size would be reserved for policyholders. LIC officials advise policyholders to update their PAN card information to take advantage of the proposed public offer. If you are a LIC policyholder and intend to
How to update PAN with LIC Policy
Visit https://linkpan.licindia.in/UIDSeedingWebApp/getPolicyPANStatus
Enter your required details - Policy Number, Date of Birth (dd/mm/yyyy), PAN and captcha in the designated boxes.
| IPO Opening & Closing Date | 4th May to 9 May 2022 |
| Issue Type | Book Built Issue IPO |
| Face Value | 10 per equity share |
| IPO Price | To be announced |
| Market Lot | To be announced |
| Min Order Quantity | To be announced |
| Listing At | BSE, NSE |
| Issue Size | 316,249,885 Eq Shares of 10 (aggregating up to [.] Cr) |
| Offer for Sale | 316,249,885 Eq Shares of 10 (aggregating up to [.] Cr) |
Why should you apply for LIC IPO?
- LIC is India's largest insurance provider and the world's fifth-largest insurer.
- It offers a variety of life insurance plans to fit everyone's insurance needs.
- It has a solid omnichannel distribution network, with 1.34 million agents, 3463 active Micro insurance agents, and 174 other channels, among other things.
- It is India's largest asset manager with a proven track record of financial performance.
- It is backed by a strong leadership and management team.
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