LIC Share Price- Money India Raised

India raised 205.6 billion rupees ($2.7 billion) as its biggest initial public offering priced at the top of the indicated range.

LIC IPO was successful because of strong demand from local investors and a last-minute dash by foreign funds. 

LIC Share Price- Reason behind Success

LIC Share Price- Company Officiall Declared

Life Insurance Corporation of India will offer at 949 rupees a share, the state-run firm said in a prospectus filed Friday.

Foreign institutional investors stepped up their bids for the sale in the last hours before the close of subscription.

LIC Share Price- Foreign Investors Role

LIC Share Price- India's Aramco Moments

Dubbed India’s “Aramco moment” in reference to Gulf oil giant Saudi Arabian Oil Co.’s $29.4 billion listing in 2019.

The float of LIC has ended up resembling the Aramco IPO not just in scale but in its reliance on domestic investors.  

LIC Share Price- Domestic Investors Role

LIC Share Price- Discount Offered

Retail investors were given a discount of 45 rupees on the offer price, while policyholders received a 60-rupee discount.

Besides smashing India’s record as the country’s biggest IPO, LIC’s offering is also the world’s fourth-biggest this year.

LIC Share Price - World's One of the Biggest

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