LIC IPO: 6.48 crore policyholders keen to buy shares -- Check price band, discount
Zee News
6.48 crore policyholders are eligible to participate in the IPO if they open their DMAT accounts.
New Delhi: Life Insurance Corporation's (LIC) initial public offer (IPO) will be open for subscriptions in the coming week. According to Rahul Jain, director of the Department of Investment and Public Asset Management (DIPAM) in the Ministry of Finance, 6.48 crore LIC policyholders have shown interest to get LIC IPO shares.
Jain said that the response to the IPO launch is wonderful. “We have some figures: 6.48 crore policyholders have linked their PAN number with the policy details up to the cut-off date (February 28, 2022),” Jain said.
According to Jain, the 6.48 crore policyholders are eligible to participate in the IPO if they open their DMAT accounts. “As of now, through the depositories, we could make out that around 1.21 crore DMAT accounts have been opened by the policyholders,” he said.
LIC IPO Price Band
LIC has fixed a price band of Rs 902-Rs 949 per equity share for its upcoming initial public offer. The government is planning to raise Rs 21,000 crore through the issue.
