LIC IPO Opens Tomorrow :Key Points You Should Know.

Initial Public Offering (IPO) of the insurance behemoth LIC of India is going to hit primary markets on 4th May 2022 i.e. tomorrow.

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The Government of India (GoI) has fixed LIC IPO price band at ₹902 to ₹949 per equity share

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Announcing ₹60 discount to the policyholders and ₹45 discount to LIC employees applying for the public issue.

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The public issue will open on 4th May 2022 and it will remain open for bidding till 9th May 2022.

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According to market observers, LIC IPO grey market premium (GMP) today is ₹85, which is ₹16 higher from its yesterday's grey market premium of ₹69.

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The GoI aims to raise ₹21,008.48 crore from its much-awaited public offer.

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An applicant will be able to apply in lots and one LIC IPO lot comprises 15 LIC shares.

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One bidder can apply for minimum one lot whereas maximum lots allowed for single bidder is 14.

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