LIC will knock on the stock exchanges on May 17.
New Delhi:
The much-awaited initial share sale of Life Insurance Corporation of India (LIC) will open for subscription on Wednesday. The insurance giant said it has raised around Rs 5,627 crore from anchor investors ahead of the initial public offering (IPO).
Here are the live updates on LIC IPO:
get ndtv updatesturn on notifications Receive alerts as this story develops,
The Center plans to raise Rs 21,000 crore by diluting its 3.5 per cent stake in LIC. For an IPO, valuations will be the highest ever in the Indian market. Prior to this, the highest fund raised in Paytm’s IPO last year was Rs 18,300 crore and in 2010, Rs 15,200 crore was raised in Coal India.
lowest bid
Investors can place bids at the upper end of the issue price for a minimum of 15 shares (one lot) for Rs 14,235.
Investors can place bids at the upper end of the issue price for a minimum of 15 shares (one lot) for Rs 14,235.