Many people who use to invest their money in stocks are looking for LIC IPO Grey Market Premium. As it was recently announced that the IPO of LIC is going to launch in next month and its investors are looking for all the details about this upcoming IPO because we all know that it is one of the biggest IPO if India to date. So to know all the possible details many people are looking all over the internet. If you are also looking for the same thing
Here in this article, you will find all the information related to LIC IPO Grey Market Premium. So just read this article till the end and all your queries related to this topic like the price of shares, Grey Market Premium and the benefits for policyholders will be solved.
LIC IPO Grey Market Premium: All You Need To Know
It is an Indian insurance and investment corporation headquartered in the city of Mumbai, India. It is under the ownership of the Government of India. LIC stands for Life Insurance company of India which stands for Life Insurance Corporation Of India it was established on 1 September 1956 and then the government of India passed an act and then nationalise this organization.
Life Insurance Corporation of India had a total life fund of ₹28.3 trillion. The total value of sold policies in the year 2018–19 is ₹21.4 million. Life Insurance Corporation of India settled 26 million claims in 2018–19. It has 290 million policyholders. This insurance company has given a lot of profits to its policyholders and also to its agents. Now the government is planning to raise some money.
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LIC IPO Grey Market Premium
Now here we are going to tell you about LIC IPO Grey Market Premium. LIC shares are trading at a premium of ₹20 in the grey market today. which is ₹28 down from its grey market premium on Wednesday. According to some financial experts, this sharing in GMP of LIC IPO is because of the negative market sentiments.
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LIC IPO Grey Market Premium: Price
According to the official information the price of each share will be around The share price has been fixed by the company which will be Rs 902-949 per share. The bid lot is 15 shares. So if you are interested in this IPO then just be ready because it is one of the biggest IPO of India.
LIC IPO Date
According to the official data LIC IPO is going to launch on 4 May 2022 and the window will close on 9 May 2022. So the wait for the most awaited IPO of the country is finally coming to end very soon.
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LIC IPO Grey Market Premium: Benefits For Policyholders
Earlier LIC said that they will give benefits to the policyholders of the LIC and their employees. So without any further delay let’s know about it.
- For the policyholders, LIC has reserved 10% of its shares, and a discount of RS 60 for them. When it come to the employees of LIC 0.7% shares are reserved for its LIC employees and there will be an additional discount of RS 40.
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Here we are concluding this article, We hope that you find all the information related to LIC IPO Grey Market Premium. We always provide all the information from the official source and we really hope that we have cleared all your doubts but if you have any queries left in your mind then you can ask your doubts and we will be back to you as soon as possible.