LIC IPO: LIC Policy Owners will get LIC Shares for Cheap, Everything Else you Need to Know

The IPO of Life Insurance Corporation of India (LIC) will open on May 4. This will be the biggest IPO in the country. The government is going to sell a 3.5% stake in LIC through IPO. There is a plan to raise Rs 21,000 crore from this. If you have a LIC policy then you will get a discount of Rs 60 per share. In such a situation, if you have a LIC policy, then we are telling you how and how much you will benefit by investing money in IPO. Apart from this, we will also answer many of your questions related to IPO.

According to DRHP, 10% (2.21 crore shares) of shares will be reserved for LIC policyholders under the reservation portion. According to media reports, policyholders will get a discount of Rs 60 in the IPO. There is never any lock-in period for retail investors. Policyholders can sell the shares immediately after listing.

There are many benefits to be availed with this discount. You apply against the policyholder quota and you get 1 lot as per the upper price band. In such a situation, even if the share is listed in the stock market for Rs 949, you will still get a profit of Rs 60 per share. Otherwise, if it is listed above 949, then that benefit will be different. Apart from this, even if this share is listed at a price as low as Rs 60, you will not have to suffer any loss.