LIC shares to debut on Dalal Street

17 May 2022 , 08:25 AM

The insurance behemoth, Life Insurance Corporation (LIC) makes its D-street debut at 10 am today. LIC shares will be listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

Trading Members of the Exchange are hereby informed that effective from May 17, 2022, the equity shares of Life Insurance Corporation of India (Scrip Code: 543526) are listed and admitted to dealings on the Exchange in the list of ”A” Group Securities.

LIC initial public offering (IPO) received a stellar response from investors when it opened for subscription.

LIC IPO was booked 2.95 times over the 16.20 crore shares that were on offer during the subscription period.

The IPO opened for subscription from May 4-9. The price band was fixed at Rs902-949 per share. For LIC employees and retail investors, there was a discount of Rs45 per equity share. LIC policyholders were eligible for a discount of Rs60 per share. LIC IPO was entirely an offer-for-sale (OFS) where the central government aimed to offload 3.5 per cent of its stake in the life insurer.