LIC IPO opens today. Should you subscribe? What brokerages suggest

While LIC policyholders are entitled to Rs 60 discount over the issue price, the retail investors will be offered the issue at a discount of Rs 45 per equity share

LIC, Life Insurance Corporation
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LIC, Life Insurance Corporation

Puneet Wadhwa New Delhi
The Rs 21,000 crore initial public offer (IPO) of Life Insurance Corporation of India (LIC) to open for subscription on Wednesday. Ahead of the IPO, the public sector insurance behemoth has raised Rs 5,627 crore from anchor investors, allotting around 59.3 million shares to 123 investors at Rs 949 per share. 

ALSO READ: Over 70% of anchor allotment made to domestic mutual funds

While LIC policyholders are entitled to Rs 60 discount over the issue price, the retail investors will be offered the issue at a discount of Rs 45 per equity share. The minimum bid lot is

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First Published: May 03 2022 | 9:46 AM IST

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