Finally, the much-awaited IPO of India LIC IPO 2022 is here. LIC IPO subscription will open on 4th May 2022 and it will remain open for bidding till 9th May 2022. The Government of India (GoI) has fixed the LIC IPO price band at Rs.902 to Rs.949 per equity share.
LIC IPO Details
Before proceeding further towards the main reason for writing this post, let me share the LIC IPO details.
# When did LIC IPO open?
The public issue of LIC IPO will open for subscription on 4th May 2022 and it will remain open for bidding till 9th May 2022.
# What is the lot size of LIC IPO?
The minimum application size is 15 shares for retail investors. They can apply for a maximum of 14 lots of 15 shares each, i.e. up to 210 shares (i.e. is close to Rs 2 lakh per retail investor application).
# What is the price band of LIC IPO?
LIC IPO share price band has been set at Rs 902-949 per share (for a face value of Rs 10 per share).