content_image_67f325f9-34aa-4ebc-a9b1-a152c6a3dc21Ahmedabad: Public issue of India’s largest stock exchange LIC will open on May 4 and will close on May 9, 207. In this IPO, investors will get Rs. The shares will be issued at a price of Rs.

In this mega issue, LIC employees – 5 per cent to retail investors and 6 per cent to policyholders – will get Rs. A discount of 20 percent will be given in the shares. In this issue, 10 percent of the shares are reserved for LIC policyholders.

As per the information received, the total size of LIC’s IPO is Rs. 21,000 crores. The government will sell only 4.5 per cent stake in LIC through the IPO and if there is a strong response, the offer for sale in the IPO may increase to 5 per cent. The minimum allotment size in this mega issue is 12 shares. Investors will be able to bid for a maximum of 12 lots i.e. 210 shares to apply in the retail category.

Source