LIC IPO Date 2021 Price Band, GMP, Allotment, Grey Market Premium

LIC IPO Date 2021 Price & Allotment, Grey Market Premium Update News- LIC IPO can be launched in the first quarter of financial year 2022.  The wait for the IPO of LIC i.e. Life Insurance Corporation is going to end soon. Big news has come out about this. According to media reports, the Cabinet Committee on Economic Affairs (CCEA) has approved the IPO plan of LIC and it is possible that the IPO will be launched in this financial year.  Here on this page you can read more about the Life Insurance Corporation IPO Date 2021, Price Band, Allotment & LIC IPO Grey Market Premium Updates below on this page.

LIC IPO GMP Date 2021

Many stock market holders are waiting for the launch of LIC IPO. According to media reports, now the ministerial panel has to decide regarding the LIC IPO Date. The ministerial panel will decide what percentage stake in LIC is to be sold and the number of shares to be brought in the market. Apart from this, emphasis is also being laid on internal efficiency and product restructuring. The government proposes to list by March 2022. It is expected that LIC IPO will be the biggest IPO of the country so far.

LIC IPO Grey Market Premium 2021

Its valuation for LIC listing could be $26,100 million. According to the annual report of LIC, in the financial year 2019-20, the total estimated assets of LIC are around Rs 32 lakh crore i.e. $ 439 billion. Its market share in the domestic insurance sector is 69%. Once listed, LIC IPO is likely to become one of the biggest domestic companies by market capitalization with an estimated valuation of Rs 8-10 lakh crore, as per the PTI report.

LIC IPO Date Grey Market Premium

LIC wants to keep the valuation between Rs 8 trillion and Rs 10 trillion. The Government of India can sell up to 5 to 10 percent of its stake in LIC as part of its disinvestment target. The government may also allow foreign direct investment in LIC to attract individual investors to the country.

Life Insurance Corporation GMP, Price 2021

Company Name  Life Insurance Corporation
LIC IPO Date First Quarter of Financial year 20221 (Tentatively)
LIC Grey Market Premium Update Soon
LIC Price Band Update Soon
Life Insurance Corporation IPO Issue Date Update Soon
LIC IPO Listing websites BSE & NSE
Official LIC Website Link Licindia.in

LIC IPO 2021 Issue Date Latest News Update

A certain portion of LIC’s IPO has been kept reserved for its policy holders. LIC policy holders can apply. If new demat accounts are opened for LIC’s IPO, this is likely to boost the capital market of the country. At present there are about 6 crore demat accounts in the country. If the number of customers of LIC is close to 25 crores. Accordingly, if LIC’s IPO comes, then it can be successful in giving a new expansion to the entire capital market.

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LIC IPO Allotment Date

Retail investors are eagerly waiting for LIC  IPO. Finance Minister Nirmala Sitharaman had announced the sale of stake in LIC in last year’s budget speech, but its process was affected due to the Corona epidemic. The government plans to sell 5-6 government companies in FY 2022. Recently, Paytm had brought an IPO of Rs 18,300 crore, which is the biggest IPO in the country till date.

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LIC IPO Price Band 2021

What can be the price band of Life Insurance Corporation is the another important question nowadays. At what price the shares will be brought in LIC IPO, it is not decided yet. But, it is very important from the market point of view. Actually, the experience of IPO of government insurance companies before getting listed in the market has not been good. In the year 2017, the share of New India Assurance Company was offered for Rs 770-800. It was listed on BSE for Rs 748.90. Today the share price of New India Insurance is around Rs 161 much below the listing price. General Insurance Corporation of India was listed on NSE at Rs 857.50, but today its price has reached Rs 149.50.

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The details available on this page about LIC IPO Grey Market Premium (GMP), LIC IPO Date, Price Band other information are collected from various media sources. For more details keep an eye on BSE or NSE website or LIC official website.

FAQs LIC IPO GMP, Price Band 2021

When LIC India IPO will be issued?

It is expected in first quarter of the financial year 2022.

What can be the LIC IPO Price Band?

the details will be updated soon.

What is the Life Insurance Corporation official website?

It is licindia.in

 

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