LIC IPO: DIPAM Secy Tuhin Kanta Pandey's top takes on the mega public issue

Life Insurance Corporation on April 27 invited the media for a conference at 12.30 pm on the forthcoming IPO. The much-awaited issue of the state-run insurance behemoth is set to open on May 2 for anchors and on May 4 for subscription, the sources said a day earlier, adding that the IPO will likely close on May 9. DIPAM Secy Tuhin Kanta Pandey said, "Even after the reduce size of ₹21,000 crore, the LIC IPO will initially be the biggest ever IPO in the country." Here’s some top takes from DIPAM Secy’s top takes at the LIC IPO briefing.

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LIC to be India's biggest initial public offering ever. (Image: Moneycontrol)

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LIC price band at Rs 902-949 per share. (Image: Moneycontrol)

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Size of the IPO at Rs 20,557 crore. (Image: Moneycontrol)

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At upper end, government will garner around Rs 21,000 crore. (Image: Moneycontrol)

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Government does not plan to launch LIC FPO till next year. (Image: Moneycontrol)

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For retail & employees, discount of Rs 40. (Image: Moneycontrol)

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Government to divest 3.5% stake by selling 22.13 crore shares. (Image: Moneycontrol)

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