Lic Ipo Price Band Set At Rs 902 Per Share open from 4 May

[{"selector":"#anim-98a6d28d-8b1a-484a-9341-04dc369a35ce [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-52.96874971654798%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] LIC IPO Price Per Share Announced

[{"selector":"#anim-4975ecd2-5be2-41b8-b4c6-1cdb071f07e1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-52.96874971654798%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-ee53e176-3536-4794-8355-ba716e8b5009","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9ba404fd-87fd-4f47-972e-a5c084b91f4f","keyframes":{"transform":["translate3d(-103.57143%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] LIC IPO to be open for retail investors from May 4 to 9

[{"selector":"#anim-c19fd93e-5ef0-424a-8d8d-54e46647e5c6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-52.96874971654798%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-9e681b88-f7f5-4f0e-9754-2b1fc72b7388","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-38567179-9e73-452f-83e6-666939e7f48c","keyframes":{"transform":["translate3d(-105.29248%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] LIC IPO Price band set at Rs 902-949 per share

[{"selector":"#anim-db29c80c-adf6-4487-8284-fc408364267e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-52.96874971654798%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-d72cb147-8c82-4fc7-b0ce-805d5bedbc6c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d442f124-d1e2-44c5-9cac-098cb1ad04a5","keyframes":{"transform":["translate3d(-103.07692%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] For retail investors and employees discount is Rs 45/share

[{"selector":"#anim-968819ac-28fe-49f7-87c6-3b5e248e3816 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-52.96874971654798%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-4c035db9-90be-41f8-9758-d31378d51e66","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a88f4265-244c-4463-a30d-7192af721a0f","keyframes":{"transform":["translate3d(-102.5641%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] 1.5 million shares or 0.68% of the total issue size will be reserved.

[{"selector":"#anim-63ade720-f78c-423b-b542-96f7c5c0593b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-52.96874971654798%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-1c6d2523-427d-47a8-bed5-4a82d1fcafc1","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7cfee65c-ee4a-430d-bd83-7b20bc689840","keyframes":{"transform":["translate3d(-102.5641%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Government to offload 3.5% stake in the insurer for Rs 21,000 crore

[{"selector":"#anim-46fdac59-2cc0-47bd-a6e8-d558290ba814 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-52.96874971654798%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-28e9d14f-66b8-4fde-8e62-99639351d24f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ef12f44f-634c-4dea-861c-409f7a34a1d5","keyframes":{"transform":["translate3d(-102.5641%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] For the anchor investors, the issue will open on May 2

[{"selector":"#anim-460fd093-99ed-4cfb-8863-d2cd3b0fd151 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-52.96874971654798%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-2b690fef-027a-4cac-8fbd-21144e665b21","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6e751be8-4df2-4f66-a51e-defff3bd0173","keyframes":{"transform":["translate3d(-102.5641%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Discount of Rs 60/share for policyholders for whom 22.1 million shares, or 10% of the total offer size, has been reserved

[{"selector":"#anim-47518314-1727-437e-9625-bcec1bf15c1d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-52.96874971654798%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-9661fa36-6497-4f68-aa3d-d5d9a4a9cdf6","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7abc8b59-4bc1-4759-b091-7180a327ddd3","keyframes":{"transform":["translate3d(-103.07692%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] the minimum bid size for the IPO will be 15 shares

[{"selector":"#anim-ee5914bb-1279-4b94-8c8e-5846aba3e896 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-52.96874971654798%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-d3fcdcc4-2f51-4e82-942e-326627b131d5","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-094be9bc-d7a7-4298-8b4f-51c2a2115c8f","keyframes":{"transform":["translate3d(-103.07692%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The insurer filed the red herring prospectus with the Sebi

[{"selector":"#anim-4330ac50-108e-4d1d-8748-8d3027fa985c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-52.96874971654798%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-3b2ad1ef-7bfb-4ae8-98d2-122e15e263e3","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-41d5d634-4d49-4515-9871-e2d0b5b59e19","keyframes":{"transform":["translate3d(-103.07692%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The reduced size of the IPO from 5% in the draft offer document

[{"selector":"#anim-d38e4642-c030-4354-a381-2f9f30ac250f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-52.96874971654798%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-2946a24d-ac97-4104-bc59-5a22fb276bf3","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e6446c2f-4b85-4519-9573-bab0c907380f","keyframes":{"transform":["translate3d(-103.07692%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The valuation of the insurance behemoth is set at 1.1 times its embedded value of Rs 5.4 trillion

[{"selector":"#anim-17b8e851-0afd-458d-a874-c982547bc9dc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-52.96874971654798%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-454316c4-ca79-49fb-a0d9-49b94f18617a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6b7d080e-0659-43cd-bdd5-13fcc7156fcb","keyframes":{"transform":["translate3d(-103.07692%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] 60% of QIBs portion is reserved for anchor investors.

[{"selector":"#anim-0a14e149-78dd-4d1e-9429-7d0130fc10cf [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-52.96874971654798%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-1b978ae4-8440-4781-8952-58628c4bb5b6","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-517afda9-ea46-467e-abdc-faa241e121cc","keyframes":{"transform":["translate3d(-103.07692%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] the draft IPO papers filed with the regulator on February 13

[{"selector":"#anim-81196253-3374-43b7-946d-c86dda1ba5fb [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-52.96874971654798%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-ab76d094-5239-4e6c-85f0-af517935cf00","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6bbaeeed-a0f5-4e0a-96b6-8ab85ee50c0e","keyframes":{"transform":["translate3d(-102.5641%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The valuation is also almost half indicated by the Centre in the FY22 Budget

[{"selector":"#anim-fbddcbeb-58a8-4615-a2cf-23696d5539a0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2d303743-7774-4ae9-b766-ae3da0a1ed23","keyframes":{"transform":["translate3d(-111.64179%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d05efb58-9057-48e5-99d8-5933057c6bd1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.514648210040342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Twitter's new owner is Elon Musk Learn more