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LIC IPO price range set at Rs 902 to 949 per share, opens for investors

Mumbai4/5/22:: The much-awaited Initial Public Offering (IPO) of Life Insurance Corporation of India (LIC) will open for investors today. It will remain open to subscription till May 9. The indicative price range has been set at 902 to 949 rupees per share. 5,620 crore rupees worth of shares have been set aside for anchor investors. The anchor investor portion of the IPO, which opened on Monday, has been fully subscribed at 949 rupees per share. The government is selling more than 22 crore 13 lakh shares of LIC targeting to raise about 21,000 crore rupees. The allotment of shares to the Demat account of bidders will happen by May 16. The IPO will list for trading on May 17.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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