LIC IPO :How to apply ,Important Date

LIC IPO :How to apply ,Important Date

(LIC) IPO, India's biggest public issue, was bought in 67% on the main day of offering,

(LIC) IPO, India's biggest public issue, was bought in 67% on the main day of offering,

even as an unexpected rate hiked by the national bank irritated markets.

even as an unexpected rate hiked by the national bank irritated markets.

The government is trying to generate 21,000 crore by offering 3.5% stake

The government is trying to generate 21,000 crore by offering 3.5% stake

Financial backers bid for 10.8 crore shares on Wednesday, contrasted and the all out 16. 2 crore shares on offer, with the segments held for representatives and policyholders currently oversubscribed, trade information showed.

Financial backers bid for 10.8 crore shares on Wednesday, contrasted and the all out 16. 2 crore shares on offer, with the segments held for representatives and policyholders currently oversubscribed, trade information showed.

The interest for LIC's IPO came even as the securities exchange fell 2.3% after the Reserve Bank of India out of the blue climbed loan fees to tame inflation.

The interest for LIC's IPO came even as the securities exchange fell 2.3% after the Reserve Bank of India out of the blue climbed loan fees to tame inflation.

"Considering the size of the issue, the demand seems to be quite good," said Yesha Shah, head of equity research at Samco Securities

"Considering the size of the issue, the demand seems to be quite good," said Yesha Shah, head of equity research at Samco Securities

"While the RBI rate hike has impacted the market opinion generally, we figure it will limitedly affect the LIC IPO on account of the organization's good essentials, appealing evaluating and valuation."

"While the RBI rate hike has impacted the market opinion generally, we figure it will limitedly affect the LIC IPO on account of the organization's good essentials, appealing evaluating and valuation."

The IPO is set to close on May 9. The issue time frame additionally remembers offering for Saturday, May 7. LIC is offering a markdown to representatives and retail financial backers of ₹45 per share

In the mean time, policyholders will be offered a markdown of ₹60 per share

In the mean time, policyholders will be offered a markdown of ₹60 per share

The part saved for policyholders was bought in 1.9 times, while that for representatives was completely bought in during the primary day itself, according to information accessible on the BSE.

The part saved for policyholders was bought in 1.9 times, while that for representatives was completely bought in during the primary day itself, according to information accessible on the BSE.