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LIC IPO bankers quote base fee of Rs 1 crore: Check details here

10 investment banks to divide fee pool; opt to go out-of-pocket

Topics
LIC  | IPO | share sales

Samie Modak  |  Mumbai 

Depending on the market conditions and investment bankers’ feedback, LIC’s IPO size could be in the range of Rs 50,000 crore to Rs 1 trillion.
Depending on the market conditions and investment bankers’ feedback, LIC’s IPO size could be in the range of Rs 50,000 crore to Rs 1 trillion.

have quoted a fee of Rs 1 crore--the minimum set by the government--for handling the share sale of the Life Insurance Corporation of India (LIC), said four people with knowledge of the development.

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First Published: Tue, September 07 2021. 01:58 IST
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