LIC IPO 

LIC IPO: Should retail investors, policy holders and first time investors subscribe?

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India's largest IPO by state owned Life Insurance Corporation (LIC), will open for the general public tomorrow, May 4

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On the first day of subscription on Monday, the anchor investor portion of LIC IPO was oversubscribed

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The public offering of LIC will run for the public from May 4 to May 9

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Most analysts are bullish and have recommended subscribing to the IPO on cheap valuation

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Experts says: LIC IPO looks appealing because it has approximately 30 crore policy holders and 13 lakh agents

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The insurance giant has a market share of around 64% of the sector's total insurance premiums in FY21

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Life Insurance has been one of the fastest growing segments in India's insurance market with premium income of over ₹5.7 trillion in FY20

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Market analysts says, invest for long term view, not short term

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LIC IPO size will be around ₹21,000 crore

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LIC has set its price band for the Initial Public Offer (IPO) at ₹902 to ₹949 per equity share

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Policy holders will get a discount of ₹60 per equity share, while retail investors and employees will get a discount of ₹45 on each share

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