{"id":1226,"date":"2022-02-16T07:56:21","date_gmt":"2022-02-16T07:56:21","guid":{"rendered":"https:\/\/www.invest19.com\/blog\/?p=1226"},"modified":"2022-02-16T07:56:22","modified_gmt":"2022-02-16T07:56:22","slug":"lic-is-likely-to-launch-its-ipo-on-10th-march-2022","status":"publish","type":"post","link":"https:\/\/www.invest19.com\/blog\/lic-is-likely-to-launch-its-ipo-on-10th-march-2022\/","title":{"rendered":"LIC is likely to launch its IPO on 10th March 2022"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div>\n<p>LIC, the biggest life\ninsurer in the country, has finally filed its draft red herring prospectus with\nthe market watchdog SEBI. The most anticipated IPO of the year is now progressing\non the path of launching the biggest IPO of the Indian market has ever\nwitnessed. <\/p>\n\n\n\n<p>The LIC IPO is expected to\ngarner Rs64,500 crores through an offer for the sale of 31.6 crores shares. Out of total outstanding shares of\n632.49 crores equity shares, this is only a 5% stake of the Indian government\nin LIC.<\/p>\n\n\n\n<p>If the sources are to be believed, the expected\ndetails of LIC IPO is given as under:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Issue\nsize- 31,62,49,885 shares<\/li><li>Offer for sale-\n31,62,49,885 shares accumulating to Rs 65,416.29 crore<\/li><li>Issue Open date-\n10<sup>th<\/sup> march, 2022<\/li><li>Issue Close date-\n14<sup>th<\/sup> March 2022<\/li><li>Price band- Rs\n2000-Rs 2100<\/li><li>Discount- 10%\nfor policyholders and employees.<\/li><li>Lot\nSize-7 Shares<\/li><li>Reserved\nshares<\/li><li>Employees-1.58\ncrore shares<\/li><li>Policyholders-3.16\ncrore shares<\/li><li>Anchor\nInvestors-8.06 crore shares<\/li><li>Qualified\ninstitutional investors-5.37 crore shares<\/li><li>Non-Institutional\nInvestor-4.03 crore shares<\/li><li>Retail\nInvestors-9.41 crore shares<\/li><li>Anchor\nInvestment Allotment- 9<sup>th<\/sup> March 2022<\/li><li>Price\nBand Announcement- 7<sup>th<\/sup> March 2022<\/li><\/ul>\n<div class='epvc-post-count'><span class='epvc-eye'><\/span>  <span class=\"epvc-count\"> 2,255<\/span><\/div><div class=\"pld-like-dislike-wrap pld-template-1\">\n    <div class=\"pld-like-wrap  pld-common-wrap\">\n    <a href=\"javascript:void(0);\" class=\"pld-like-trigger pld-like-dislike-trigger \" title=\"\" data-post-id=\"1226\" data-trigger-type=\"like\" data-restriction=\"ip\" data-ip-check=\"0\" data-user-check=\"1\">\n                        <i class=\"fas fa-thumbs-up\"><\/i>\n                    <\/a>\n    <span class=\"pld-like-count-wrap pld-count-wrap\">3    <\/span>\n<\/div><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>LIC, the biggest life insurer in the country, has finally filed its draft red herring prospectus with the market watchdog SEBI. The most anticipated IPO [&hellip;] <span class=\"read-more-link\"><a class=\"read-more\" href=\"https:\/\/www.invest19.com\/blog\/lic-is-likely-to-launch-its-ipo-on-10th-march-2022\/\">Read More<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":1228,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70,10],"tags":[],"class_list":["post-1226","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","category-featured"],"_links":{"self":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/1226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/comments?post=1226"}],"version-history":[{"count":1,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/1226\/revisions"}],"predecessor-version":[{"id":1229,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/1226\/revisions\/1229"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/media\/1228"}],"wp:attachment":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/media?parent=1226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/categories?post=1226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/tags?post=1226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}