lic ipo: these foreign funds are ready to invest in the great indian ipo know the price band lot size and other details

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LIC IPO Latest Update: The wait for the country’s largest insurance company’s IPO (LIC IPO) is about to end. India’s biggest IPO (The Great Indian IPO) will be launched on May 4. Nivesh is eagerly waiting for this initial public offer. Meanwhile, news has come that Sovereign Wealth Funds of Norway, Singapore and Abu Dhabi have agreed to participate in Life Insurance Corporation (LIC IPO) as anchor investor.

These funds will be included in the anchor investors

According to a report by news agency Bloomberg, Norges Bank Investment Management, GIC Pte and Abu Dhabi Investment Authority will be among the anchor investors of this IPO. This IPO will be open for anchor investors next week. ADIA, LIC and Norway’s Wealth Fund declined to comment on the matter.

Depth of Indian capital market will be known
According to analysts, LIC’s IPO will reveal the depth of India’s capital market. Due to the Russia-Ukraine war, the Narendra Modi government has reduced the size of this IPO by 60 percent. Despite this, it will be India’s biggest IPO. The government will raise about 21 thousand crores through LIC IPO.

Know about this IPO
For other investors, this IPO will open on May 4. The last date to subscribe will be 9th May. Presumably the listing of the company’s shares will take place on May 17.

Know Price Band and Lot Size (LIC IPO Price Band, Lot Size)
The company has fixed a price band of Rs 902 to Rs 949 for this IPO. According to the information given by the company, there will be 15 shares in one lot (LIC IPO Lot Size). If calculated from the upper price band, then at least Rs 14,235 will have to be invested in this IPO.

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