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Monday, August 08, 2022 , BSE Sensex : 58,853.07 58,853.07(0.80%) , Asian Paints : 3,456.50 3,456.50(-0.49%) , Axis Bank : 745.75 745.75(2.40%) , Bajaj Finance : 7,343.45 7,343.45(0.55%) , Bajaj Finserv : 15,534.20 15,534.20(2.95%) , Bharti Airtel : 704.35 704.35(0.11%) , Dr Reddy's Labs : 4,220.35 4,220.35(1.55%) , H D F C : 2,394.30 2,394.30(1.72%) , HCL Technologies : 966.10 966.10(0.84%) , HDFC Bank : 1,460.95 1,460.95(2.41%) , Hind. Unilever : 2,649.05 2,649.05(0.19%) , ICICI Bank : 836.40 836.40(-0.24%) , IndusInd Bank : 1,050.55 1,050.55(1.37%) , Infosys : 1,619.10 1,619.10(0.16%) , ITC : 313.00 313.00(0.72%) , Kotak Mah. Bank : 1,843.75 1,843.75(0.56%) , Larsen & Toubro : 1,829.45 1,829.45(2.34%) , M & M : 1,274.85 1,274.85(3.13%) , Maruti Suzuki : 8,923.55 8,923.55(0.99%) , Nestle India : 19,696.85 19,696.85(-1.15%) , NTPC : 159.20 159.20(2.12%) , Power Grid Corpn : 221.70 221.70(-0.81%) , Reliance Industr : 2,566.80 2,566.80(1.30%) , St Bk of India : 520.30 520.30(-1.95%) , Sun Pharma.Inds. : 910.50 910.50(-0.51%) , Tata Steel : 107.20 107.20(-0.14%) , TCS : 3,373.95 3,373.95(0.26%) , Tech Mahindra : 1,056.85 1,056.85(-0.15%) , Titan Company : 2,446.70 2,446.70(0.58%) , UltraTech Cem. : 6,669.85 6,669.85(-1.63%) , Wipro : 435.95 435.95(-0.90%) ,

Nifty 50 : 17,525.10 127.60(0.73%) , Adani Ports : 801.65 -8.60(-1.06%) , Apollo Hospitals : 4,427.35 53.25(1.22%) , Asian Paints : 3,458.45 -15.45(-0.44%) , Axis Bank : 745.55 17.05(2.34%) , B P C L : 325.65 -10.75(-3.20%) , Bajaj Auto : 4,022.65 9.55(0.24%) , Bajaj Finance : 7,342.20 37.50(0.51%) , Bajaj Finserv : 15,530.65 444.80(2.95%) , Bharti Airtel : 704.35 0.70(0.10%) , Britannia Inds. : 3,631.40 -56.70(-1.54%) , Cipla : 1,029.55 -4.65(-0.45%) , Coal India : 215.40 6.95(3.33%) , Divi's Lab. : 3,937.60 25.40(0.65%) , Dr Reddy's Labs : 4,223.35 66.50(1.60%) , Eicher Motors : 3,116.75 27.15(0.88%) , Grasim Inds : 1,598.65 0.35(0.02%) , H D F C : 2,393.70 38.50(1.63%) , HCL Technologies : 966.05 8.30(0.87%) , HDFC Bank : 1,462.05 35.00(2.45%) , HDFC Life Insur. : 536.75 -2.50(-0.46%) , Hero Motocorp : 2,738.05 -32.65(-1.18%) , Hind. Unilever : 2,650.35 4.95(0.19%) , Hindalco Inds. : 421.40 10.60(2.58%) , ICICI Bank : 836.95 -1.25(-0.15%) , IndusInd Bank : 1,050.20 13.90(1.34%) , Infosys : 1,619.40 2.75(0.17%) , ITC : 313.15 2.30(0.74%) , JSW Steel : 669.20 2.05(0.31%) , Kotak Mah. Bank : 1,844.50 10.60(0.58%) , Larsen & Toubro : 1,829.65 42.20(2.36%) , M & M : 1,276.70 40.80(3.30%) , Maruti Suzuki : 8,921.95 80.75(0.91%) , Nestle India : 19,652.95 -268.55(-1.35%) , NTPC : 159.40 3.80(2.44%) , O N G C : 136.50 0.00(0.00%) , Power Grid Corpn : 221.90 -1.75(-0.78%) , Reliance Industr : 2,567.15 33.15(1.31%) , SBI Life Insuran : 1,269.90 3.25(0.26%) , Shree Cement : 21,195.60 -41.80(-0.20%) , St Bk of India : 520.40 -10.65(-2.01%) , Sun Pharma.Inds. : 910.40 -5.55(-0.61%) , Tata Consumer : 788.70 3.90(0.50%) , Tata Motors : 468.25 3.00(0.64%) , Tata Steel : 107.20 -0.15(-0.14%) , TCS : 3,374.45 9.40(0.28%) , Tech Mahindra : 1,056.60 -1.60(-0.15%) , Titan Company : 2,446.95 14.15(0.58%) , UltraTech Cem. : 6,677.85 -97.35(-1.44%) , UPL : 749.15 5.70(0.77%) , Wipro : 435.85 -4.15(-0.94%) , Monday, August 08, 2022

Home >> Markets >> Equities >> News - News Details
IPO Centre - IPO News
27-Apr-2022     18:05
LIC IPO to open on 4th May
The initial public offering of Life Insurance Corporation of India (LIC) will open on 4 May 2022 and will close on 9 May 2022.

The Government of India currently holds 100% stake in LIC. It is offering 22.13 crore shares, or 3.5% stake, through the initial offer.

The price band has been set at Rs 902 to Rs 949. The company will offer a discount of Rs 60 per share to LIC policyholders. For retail investors and eligible employees, the discount will be Rs 45 per share.

The firm has reserved 5.92 crore shares for the anchor investors. Around 15.81 lakh shares are reserved for eligible employees while 2.21 crore shares are reserved for policyholders. About 6.91 crore shares are reserved for retail investors category.

An investor can bid for a minimum of 15 equity shares and in multiples thereof.

LIC has been providing life insurance in India for more than 65 years and is the largest life insurer in the country, with a 61.6% market share in terms of premiums (or GWP), a 61.4% market share in terms of New Business Premium (or NBP), a 71.8% market share in terms of number of individual policies issued, a 88.8% market share in terms of number of group policies issued for the nine months ended 31 December 2021.

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