LIC IPO

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The LIC IPO date has been set for May 4

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The LIC IPO is expected to begin on May 4 and end on May 9.

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The continuing Russia-Ukraine conflict has caused the LIC IPO date to be postponed, which was originally set for March 31.

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According to reports from various consultancy firms, the price band may be anywhere around Rs 950-1,000 per equity share. However, no official number has been revealed yet

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The government is aiming to sell 3.5 per cent of its stake in the company for Rs 21,000 crore. For this, it will sell 22 crore shares of LIC.

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LIC is a part insurance and part investment products company. Their plans are a combination of insurance and investment with a guaranteed return.

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LIC has over 13.5 lakh agents who play brings most of the new business. LIC plans offer ‘fixed returns’ along with life insurance coverage. This makes it easy to sell by agents and brings peace of mind to the insurers.

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Learn More

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LIC manage asset of Rs 39 lakh crores. That is more money than the entire mutual fund industry combined. They invest these funds across stocks and bonds. They own 4% of all listed stocks in India and more government bonds than the RBI.

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