The price band of LIC’s IPO has been fixed at Rs 902 to Rs 949 per share and has 15 shares. If you apply for this IPO from the policyholder quota then a total investment of Rs 13,335 will be required for one lot.
The waiting time is over, from today retail investors will be able to apply for the country’s largest LIC IPO. Actually, LIC’s IPO will be open for general investors from May 4 to May 9, during which you will be able to apply for this IPO.
Three categories have been prescribed for retail investors in LIC IPO, policyholders, LIC employees, and general investors. There are many questions in the mind of common investors before applying that how much money they will have to invest in applying for this IPO. Also, how many shares are they likely to get? Let us know the answers to all these questions-
If you have taken a LIC policy. If you are a LIC insurance holder, then you will get a price discount with a reservation in IPO. LIC policyholders will get a 10 percent reservation in this IPO. Apart from this, there will be a discount of Rs 60 per share in the IPO for policyholders.
Policyholders will have to invest this much money
Now let us tell you that if you are a LIC policyholder then how much money will have to be invested in IPO. The price band of LIC’s IPO ranges from Rs 902 to Rs 949 and consists of a lot of 15 shares. If you apply in the IPO from the policyholder quota, then according to the upper price band (949-60=889×15=Rs 13,335) . a total investment of Rs 13,335 will have to be made. In this way, the policyholder will get a total discount of Rs 900 on the application of the IPO of one lot.
LIC employees will also get discount
Whereas LIC employees will get a discount of Rs 45 per share on applying in this IPO. That is, according to the upper price band, they will have to pay Rs 13560 on the application of one lot. Retail investors and LIC employees are going to save Rs 675 on putting one lot.
If you are not a LIC policyholder and employee, then Rs 14,235 will have to be invested as per the upper price band. The issue size of the IPO is Rs 21,000 crore and around 22.14 crore shares will be sold through the IPO.
Keep these things in mind while applying for LIC IPO-
When you apply for IPO, you will get three options in the retail investor category, choose them correctly.
1. New
2. Policyholder
3. Employees’
First option
If you are a LIC policyholder then select the policyholder category. By choosing this category, you will get a 10 percent reservation in LIC’s IPO. Apart from this, there will be a discount of Rs 60 per share in the IPO for policyholders.
On the other
Hand if you are an employee of LIC then you have to click on the employee category. LIC employees will get a discount of Rs 45 per share on applying in this IPO.
Third option
If you are not a LIC policyholder, nor are you an employee of LIC, then you have to select the general category. New, if you apply in this category, you will get a total of Rs 14,235 as per the upper price band. One Lot IPO. has to give
Through this IPO, the government is going to raise Rs 21 thousand crores by selling its 3.5 percent stake. In this way it is going to be the biggest IPO in the history of India. Let us tell you, the government has set a target of raising Rs 65 thousand crores from disinvestment in the financial year 2022-23.
