LIC IPO- India’s Biggest IPO Issue Date, Price, Allotment : Life Insurance Company is the biggest insurance company of India. This company was established 1956 by LIC act. MR Kumar and Mukesh Gupta is the Chairman and Managing Director of Company. According to sources 2019 LIC net worth income was 56078.34 million rupees. It operates through 8 zonal and 113 divisional offices.
It is the big achievement and total subsidiary of the company has government. Recently LIC IPO has announces in January 2022 last week.
LIC IPO Release Date
Although officially announcement date is now pending of LIC IPO. According to government sources LIC IPO release date will be January last week. Price of the share will be 400 to 600. So this is the biggest IPO of Indian government.
LIC IPO Important Dates
| IPO Open Date | Not Announced |
|---|---|
| IPO Close Date | Not Announced |
| Credit Of Shares To Demat Account | Not Announced |
| Initiation Of Refunds | Not Announced |
| Basis Of Allotment Date | Not Announced |
| IPO Listing Date | Not Announced |
| UPI Mandate Expiry Date | Not Announced |
Top Net worth Companies that’s invested in LIC
Here are the list of top noteworthy companies that already listed in the LIC-
| Stock | Quantity Held | Holding % |
| Canara Bank | 133,627,205 | 8.11% |
| Bank Of Baroda | 248,334,291 | 4.80% |
| Biocon Ltd. | 49,374,988 | 4.11% |
| PTC India Ltd. | 17,654,072 | 5.96% |
| ABB Power Products And Systems India Ltd. | 1,881,348 | 4.44% |
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