CLOSE X
Algo Trading
Home

Blogs

Stock Market Blogs

LIC IPO to open on May 4th 2022 April 26 2022LIC IPO Updates

Visit Count: 912

LIC IPO to open on May 4th 2022

 

The Life Insurance (LIC) corporation’s initial public offering (IPO), is expected to open on 4th May 2022, close on 9th May 2022. It is the first largest govt life insurance company IPO in Indian stock market history.

The size of LIC’S   IPO has been reduced to Rs 21,000 crore (cut to 40%) the SEBI has agree to the updated draft red herring prospectus (DRHP), which state 3.5% stake sale instead of 5 % as mentioned earlier in the previous draft papers and there will be no green shoe option (of Rs 9,000) in the IPO, said an official.



·The Government, who wholly owns the insurance, plans to raise the amount of Rs 21,000 crore by selling shares of Rs 22 crore (or 3.5% stake), listing at BSE and NSE.

· The Public issue will be reserve 35% of its offer for retail investors, 10% of the shares will be reserved for LIC Insurance policy holders of India and 5% for its employees.

· LIC IPO Price expected btw 1,500 to 3,200 per share.

· Issue Size and Offer for Sale at 316,249,885 Equity Shares of Rs 10 each, market lot size is to be announced soon.

 

Reason to cut LIC IPO Size

Reason for cutting the size of LIC IPO is because Ukraine-Russia crisis, Foreign portfolio investors(FPI) withdrawal from Indian Market and higher inflation and resultant increase in the interest rates globally.

 

Who should invest in LIC IPO?

If you want to invest in LIC just for listing Gains then you should go for it, but if you are thinking of long term investment then you should avoid as we have seen that because of lock down most growing companies have shifted its sale from offline mode to online mode but according to the analysis we have seen that LIC does not pays much attention to its online segment which may result in reduction of its profit in long term. 

2COMMENTS
  • Devyani Singh26/04/2022 at 05:04 PMI was confused that I should invest in the upcoming LIC IPO or not but this blog is making it clear that if u aim to gain quick profit then we can invest in it. Thank you for the information

  • Sanskar singh26/04/2022 at 05:04 PMInformative....

Form
Categories
Blog Enquiry

Prevent Unauthorized Transactions in your demat and trading account --> Update your Mobile Number/Email id with your Depository Participant and Stock Broker. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat/trading account directly from CDSL and Stock Exchanges on the same day.........issued in the interest of investors...

1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.

2. Update your Mobile Number & Email Id with your Stock Broker/ Depository Participant and receive OTP directly from Depository on your Email Id and/ or Mobile Number to create pledge.

3. Pay 20% upfront margin of the transaction value to trade in cash market segment.

4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued by NSE vide. Circular No. NSE/INSP/45191 dated: July 31, 2020 and NSE/INSP/45534 and BSE vide Notice No. 20200731-7, dated: July 31, 2020 and 20200831- 45 dated: August 31, 2020 and dated: August 31, 2020 and other guidelines issued from time to time in this regard.

5. Check your Securities/ MF/ Bonds in the Consolidated Account Statement issued by NSDL/ CDSL every month.

"As per the directives of CDSL and esteemed Exchanges, it has been made mandatory for every client to furnish their latest KYC details viz. Valid Mobile No., Email- Id & Income range on or before 31.05.2021 else your Account will be marked as Non Compliant and will be Freezed till the compliance of such requirement."
"No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
Dear Investor if you wish to revoke your un-executed eDis mandate, please mail us with ISIN and quantity on dp@indiratrade.com by today EOD."
REGISTRATION NOS:

INDIRA SECURITIES PVT.LTD. (SEBI REG.NO.):NSE TMID: 12866, BSE TMID: 663, CDSL DPID: 17000 SEBI REG. NO.: INZ000188930, MCX TM ID: 56470, NCDEX TM ID: 01277, CDSL REG. NO.: IN-DP-90-2015, CIN : U67120MH1996PTC160201

DISCLAIMER:

"INVESTMENT IN SECURITIES MARKET ARE SUBJECT TO MARKET RISKS, READ ALL THE RELATED DOCUMENTS CAREFULLY BEFORE INVESTING."

INVESTORS GRIEVANCE

Shivkumar P. Email: compliance@indiratrade.com. Call : 0731-4797275

Investor grievance complaint : complaint@indiratrade.com

INVESTOR CHARTER