With the announcement of LIC IPO, the atmosphere of discussions about it is intensifying. Questions like price bands, discounts for policy holders and retail investors are being discussed continuously. Due to the volatility in the market due to the Russia-Ukraine war, the government has not yet announced a specific date for the IPO, but it is believed that it can be brought soon.
Many questions are arising in the minds of retail investors as well as policy holders regarding this IPO. However, on the other hand, the curiosity in the minds of people about IPO is also very high. In the IPO, 10% shares will be reserved for LIC policy holders, but here the policy holders will have to keep in mind that they must have a demat account.
Government will soon hand over final paper to SEBI
The final paper can be submitted to the market regulator SEBI very soon on behalf of the government regarding the IPO. According to PTI, these documents will contain details of the price range, discounts for policy holders and retail buyers and the actual number of shares.