LIC IPO: Mother of all IPOs is finally here! Get all confirmed details here - Price band, launch date, discount for policyholders, lot size, reservation quota and more

LIC IPO:The much-awaited details of India's biggest ever IPO i.e. are finally out! LIC Chairman MR Kumar says that after the listing of LIC IPO shares, there will be LIC 3.0. Here are all the details:-

- LIC IPO's valuation is attractive and reasonable: DIPAM Secretary Tuhin Kanta Pandey

- Better demand expected from domestic investors: DIPAM Secretary Tuhin Kanta Pandey

- No LIC FPO in next one year, confirms DIPAM Secretary Tuhin Kanta Pandey

- Country's largest life insurer LIC on Wednesday set the price band at Rs 902-949 per share for its Rs 21,000 crore initial public offering (IPO), which will open on May 4.

- At the upper end of the price band the government will garner around Rs 21,000 crore.

- With this IPO, which is through an offer-for-sale (OFS) route, the government is looking to divest its 3.5 per cent stake in the state-run insurer by selling 22.13 crore shares.

- The retail investors and eligible employees will get a discount of Rs 45 per equity share and policyholders will get a discount of Rs 60 per equity share.

- The issue will open for subscription on May 4 and to close on May 9. 

- The bid lot for the issue would be 15. 

- Anchor quota to open on 2nd May

- 10% quota reserved for LIC policyholders

- LIC's AUM is  Rs 40 lakh cr - 1.1x of the entire MF industry

- LIC's AUM is 17% of India's GDP