LIC IPO: India’s largest initial public offer (IPO)of Life Insurance Corporation of India is all set to open for subscription on May 4, 2022. Ahead of the opening of the issue, Zee Business Managing Editor Anil Singhvi speaks about key details about the IPO, explains what retail investors, policy holders should do on Wednesday.
He said it is highly likely that investors would be able to make money in both short-term and long-term, however, the market guru recommended investors to buy the IPO keeping a long-term perspective.
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Here are the key highlights according to the Market Guru:-
As per the LIC DRHP, a policyholder will get a Rs 60 discount, and retail investors will be offered the issue at a discount of Rs 45 per equity share. The minimum bid lot is 15 shares and in multiples of 15 equity shares thereafter.
LIC IPO is most likely beneficial for short term as well as long term investors.
Given the issue size is huge, it is more likely for everyone to get a lot of allotment.
The discount offered will offer a cushion for investors.
Investors should invest in LIC IPO in the long term because it is the market leader in the insurance market, and the company will ultimately join the Sensex and Nifty indexes.
As the business model of LIC is long-term, investors should stick with the IPO for the long term.
The government aims to raise Rs 20,557 crore through the issue by selling a 3.5 per cent stake in the state-run insurance behemoth. LIC has set the price band for this IPO at Rs 902-Rs 949 per equity share. The IPO will close on May 9.
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बुधवार यानी 4 मई से खुलेगा देश का सबसे बड़ा IPO, LIC का IPO
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