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April 28, 2022
IPO Alert: Life Insurance Corporation of India
LIC has been providing life insurance in India for more than 65 years and is the largest life insurer in India, with a 61.6% market share in terms of premiums, a 61.4% market share in terms of New Business Premium, a 71.8% market share in terms of number of individual policies issued, and a 88.8% market share in terms of number of group policies in 2021.
| Bid/Offer Opens On | Wednesday 04-May-22 |
| Bid/Offer Closes On | Monday 09-Apr-22 |
| Price Band | Rs. 902 - Rs. 949 per equity share |
| Lot Size | 15 Shares |
The below table has important dates with respect to the IPO allotment and listing.
| Finalization of Basis of Allotment | 12-May-22 |
| Initiation of Refunds | 13-May-22 |
| Credit of Shares to Demat Acct | 16-May-22 |
| IPO Shares Listing Date | 17-May-22 |
| UPI mandate expiry date | 18-May-22 |
In case you have not been allotted for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date as mentioned in the above table. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.
