LIC IPO GMP today, status: Find latest details here
LIC IPO GMP today: The initial public offering (IPO)of the Life Insurance Corporation of India opened for subscription on Wednesday, May 4 and will be closing on May 9, 2022. According to the data by IPO Watch and IPO Wala, LIC GMP was ₹65 on Wednesday, against ₹85 on Tuesday, May 3. The shares of the ₹21,000-crore issue have been subscribed 0.67 times on Day 1. The portion reserved for Qualified Institutions (QIB) has been subscribed 0.33, Non-institutional Buyers 0.27 times, and Retail Investors 0.60 times.
Today is the second day of the bidding process and investors can know that the IPO market timing is from 10 am to 7 pm. Investors who want to bid for the LIC IPO can do so online via Groww, Paytm, Zerodha among others. Here is all you need to know about the LIC IPO.
1. The issue period of the LIC IPO is from May 4 to May 9. The Issue Period also includes bidding on Saturday, May 7, 2022.
2. The price band of the LIC IPO has been fixed between Rs. 902 and Rs. 947 per equity share. Discount of Rs. 45 per Equity Share will be provided to Retail Individual and Eligible Employee Category and of Rs. 60 Equity Share to Eligible PolicyHolder Category.
3. LIC's public issue of 221.37 million equity shares represents a 3.5 percent stake, which is entirely an offer for sale by the government.
4. LIC has already mopped up more than ₹5,000 crore through its anchor book on May 2.
5. The book running lead managers of the IPO include Kotak Mahindra Capital Company Limited, Axis Capital Limited, BofA Securities India Limited, Citigroup Global Markets India Private Limited, JM Financial Limited, Goldman Sachs (India) Securities Pvt. Ltd., ICICI Securities Limited, J.P.Morgan India Private Limited, Nomura Financial Advisory and Securities
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