Buy LIC IPO: Lic’s IPO opened on May 4. You will get a chance to invest money until May 9. The company’s shares will be listed on the stock exchanges on May 17, a week after the IPO closes. The central government expects to raise Rs 21,000 crore from lic’s IPO. Under the IPO, the government is selling its 22.13 crore shares in the company and the price range for the same has been fixed at Rs 902 to Rs 949 per share.
A Demat account is required to invest money in the IPO
According to SEBI rules, the equity shares of any company are issued only in Demat form. Therefore, anyone, be it policyholders or retail investors, must have a Demat account.
Buy LIC’s IPO or not?
Most market analysts are advising to put money into it. Money can be made in the IPO in both the short term and the long term. However, analysts are advising to stay in it for the long term. This is because the business model of insurance companies is long-term. If you apply in the policy holder’s quota and you will already get a discount of Rs 60 and even if the share is listed at Rs 949, you will still get a profit of Rs 60 per share.
