.
New Delhi, April 27 (MondayMirror.com) Once listed on the exchanges, Life Insurance Corporation (LIC) is expected to be pinned on global portfolio watchlists, said financial services provider Avener Capital.
The insurer’s long-awaited Initial Public Offering (IPO) is likely to open for investors on May 4 and will remain open to subscription till May 9.
It will be the largest and landmark public issue in the history of the Indian capital market.
The IPO values LIC at Rs 6 lakh crore.
“Amidst the volatile environment, the revision in the LIC IPO valuation demonstrates the keenness of the government to deliver on the IPO,” said Shivam Bajaj, Founder and CEO at Avener Capital.
The revised IPO valuation can potentially unlock a favourable opportunity for investors towards wealth creation, it said.
The issue offer of the LIC will be in the price band of Rs 902 to Rs 949, IANS reported on Tuesday.
Also, the policyholders will be offered a Rs 60 discount, while for retail investors, the discount will be Rs 45.
Source: IANS
Small Wonders School, Mohali, celebrated its Annual Day with enthusiasm and vibrant performances under the…
Velvet Clarks Exotica, Zirakpur celebrated its 12th Annual Day with great enthusiasm, joy, and team…
Artificial Intelligence (AI) must serve as a tool to enhance human intelligence rather than replace…
“My main objective is to empower needy women by training them in crafts like hand…
Their publication received the 2026 Best Case Report – Silver Award at Plastic Surgery The…
Michael Jackson's extraordinary musical legacy is returning to the spotlight, but this time, the conversation…