LIC IPO Price Per Share Announced

LIC IPO to be open for retail investors from May 4 to 9

LIC IPO Price band set at Rs 902-949 per share

For retail investors and employees discount is Rs 45/share

1.5 million shares or 0.68% of the total issue size will be reserved. 

Government to offload 3.5% stake in the insurer for Rs 21,000 crore

For the anchor investors, the issue will open on May 2 

Discount of Rs 60/share for policyholders for whom 22.1 million shares, or 10% of the total offer size, has been reserved

the minimum bid size for the IPO will be 15 shares

The insurer filed the red herring prospectus with the Sebi

The reduced size of the IPO from 5% in the draft offer document 

The valuation of the insurance behemoth is set at 1.1 times its embedded value of Rs 5.4 trillion 

60% of QIBs portion is reserved for anchor investors. 

the draft IPO papers filed with the regulator on February 13 

The valuation is also almost half indicated by the Centre in the FY22 Budget