LIC IPO details: LIC policyholders’ discount, eligibility, market expectations

India’s largest IPO - that of the Life Insurance Corporation of India (LIC) - is expected to open in the next few months. Though the exact dates and figures have not been announced, analysts expect the share price to be in the range of Rs 1693 to Rs 2962. This article discusses all the details that you, as an investor, must know about. LIC policyholders’ discount, employee discount, IPO eligibility, market expectations are all that we are going to discuss in this article.

India’s largest IPO - that of the Life Insurance Corporation of India (LIC) - is expected to open in the next few months. Though the exact dates and figures have not been announced yet, analysts expect the share price to be in the range of Rs 1693 to Rs 2962. There will be a discount of 10% for LIC policyholders and 5% for LIC employees. About the company The Life Insurance Corporation of India was established in 1956 when the government nationalised the insurance industry in the country. In that year, 245 insurance companies and provident societies were merged to create this government-owned insurance company. Of the 245 entities, 154 were insurance companies, 16 foreign companies and 75 provident societies.  LIC is the largest life insurer in India with 64.1% market share...

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