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03.05 / 12:51
UPS Booking LIC IPO share allotment status date: Where and how to check online
LIC IPO share allotment status: Life Insurance Corporation (LIC) will begin its IPO (initial public offering) for bidding on Wednesday, May 4, 2022 and will continue till May 9. The price band of the LIC IPO has been set between Rs. 902-949 per equity share. The government aims to raise around Rs. 21,000 crore from the LIC IPO by giving up a 3.5 percent stake in the insurance giant. The IPO will be a pure offer for sale (OFS) of up to 221.37 million shares. The listing of shares of LIC on both the NSE and BSE is likely to take place on May 17, 2022. Investors and LIC policyholders who want to buy shares are required to have a demat account to apply for the LIC IPO. They can apply through apps like Groww, Upstox, Zerodha and other depository participants (DP) to book the issue.
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