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LIC IPO: Here's how you can max out bidding for the mega public issue

There is a Rs 2 lakh investment limit each for policyholders, employees and retail quotas. We tell you how to cross it, and much more

May 09, 2022 / 12:44 PM IST

Insurance behemoth Life Insurance Corporation of India (LIC) hit the market with India’s largest-ever IPO on May 4.

The government will be offloading 3.5 percent of its stake in LIC. The price band has been fixed at Rs 902-949. At the upper end of the price band, the issue is valued at Rs 21,000 crore.

In a first-of-its-kind move, LIC has decided to carve out a policyholders’ quota in its public issue. So, up to 10 percent of the offer will be reserved for policyholders, retail investors’ portion will be 35 percent, while LIC employees’ quota will be up to 0.71 percent.

Also read: LIC IPO: How can policyholders invest in the mega listing?