LIC IPO | Insurance giant reserves up to 35% of issue size for retail investors

LIC IPO | Insurance giant reserves up to 35% of issue size for retail investors

"In the event of under-subscription, or non-allocation in the anchor investor portion, the balance equity shares shall be added to the net QIB portion," said LIC in its DRHP.





February 13, 2022 / 11:11 PM IST





LIC IPO



Life Insurance Corporation of India has reserved up to 35 percent of its total IPO size for retail investors as per the draft papers filed with the capital markets regulator Sebi.

The life insurance giant is expected to launch its IPO of Rs 31.62 crore equity shares in the month of March. It is a complete offer for sale by the Government of India which owns 100 percent shareholding in the company.

In most of IPOs launched since the pandemic, retail investors seem to be looking most excited about IPOs as they have always been ahead in terms of putting in bids. In fact, they have been playing a big supportive role for the primary as well as secondary markets for last more than one-and-half-year.

Also read - LIC IPO: Govt files draft papers with SEBI for mega listing; All eyes on March launch

Experts feel in very short period of time, the number of demat accounts opening in India ahead of