Since the day of listing, LIC shares have remained below the issue price and had touched a low of Rs 708.70 and a high of Rs 920
LIC has fixed the price band at Rs 902-949 per equity share for the issue. The offer includes a reservation for eligible employees and policyholders.
Considering a single share costs Rs 949, you would require Rs 14,235 for a single lot of LIC IPO while the maximum you can invest is Rs 1,99,290
The government has slashed the LIC IPO size to 3.5 per cent at Rs 21,000 crore amidst the escalating Russia-Ukraine war.
