What is the Life Insurance Corporation of India IPO?keyboard_arrow_down
The Government of India has decided to reduce its holding in LIC by launching LIC IPO in 2021. This is expected to make the operations of LIC more transparent and efficient. More details will be updated once the company files the Red Herring Prospectus with SEBI.
What are the open and close dates of the Life Insurance Corporation of India IPO?keyboard_arrow_down
According to DIPAM, the Life Insurance Corporation of India (LIC) IPO can be expected during the third or fourth quarter of the financial year 2021-22. The pre-IPO process is already underway. Actual LIC IPO date has not been announced yet.
What will be the effect of the Life Insurance Corporation of India IPO on existing policyholders?keyboard_arrow_down
LIC’s policyholders are not expected to be directly impacted by the IPO. However, being listed can boost its transparency and governance, and make its processes more efficient. Hence, policyholders might indirectly benefit from the IPO. Further, the Secretary of DIPAM has said that existing policyholders might get a reserved quota in the offer.
Will the soverign guarantee be maintained?keyboard_arrow_down
The Government of India will ensure that the sovereign guarantee that made LIC popular is maintained. However, since the government is also making changes to the Life Insurance Corporation Act, 1956, we will have to wait to see the changes to assess the impact on policyholders.
What is the lot size and minimum order quantity of the Life Insurance Corporation of India IPO?keyboard_arrow_down
This along with other LIC IPO details are yet to be announced.
What are the allotment dates for the Life Insurance Corporation of India IPO?keyboard_arrow_down
LIC IPO issue date and allotment date is not available right now.
Who is the registrar of Life Insurance Corporation of India IPO?keyboard_arrow_down
Details of LIC IPO registrar is not available right now.
Where is the Life Insurance Corporation of India IPO getting listed?keyboard_arrow_down
LIC IPO share price and other listing details are not available right now.