Fortunately, The largest Initial Public Offering by LIC of India opened for cornerstone investors on May 2. For the public, the IPO will be open from May 4 to May 9.
To bid, investors are necessary to have a Demat account.
The price band is fixed at 902-949 per equity share. The IPO will be listed on the market on May 17. The size of the LIC IPO is around 21,000 crore. To date, it is the largest IPO.
Disadvantages also lie with this IPO as there are private competitors insurance companies. But with LIC’s scale, there are no insurers that directly competes with LIC.
effects in lic ipo covid on LIC
The effect of covid is one major thing to be kept in mind for investors. Lockdown has adversely affected the profit and the shares of distributors.
Changes in the rate of interest will be frequent. There will be a lot of fluctuations and also it affects the profits and the shares.
With Government being the major investor, LIC’s profile will get an uplift and investors can trade for a longer term.
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