Life Insurance Corporation of India (LIC) IPO 4th May - 9th May 2022

LIC is the Main Market Player in the Indian Insurance Industry.The Government of India has decided to reduce its Holding in LIC. So there will be a Launch of LIC IPO in 2022, most likely in Mid-march.

Reasons for Investing in LIC IPO.

1. Beneficial for both retail and institutional investors and employees for the long term.

2. By the listing of the IPO it will bring Transparency in the company.

3. LIC has Asset under Management of around Rs.31 Lakh Crore.LIC has millions of Policyholders in india. Thus IPO can be rewarding for the Old policyholders. As there will be 10% reserve for Policyholders.

4. The Policyholders may get a discount on the offer price.

LIC IPO Date – 4th May 2022 – 9th May 2022

IPO price band is set from Rs.902 to Rs.949 per share.

Listing date for this IPO is 17th May 2022.