LIC IPO set to open May 04, price band likely at Rs 902-949/share
Life Insurance Corporation (LIC) has reportedly set its price band for the initial public offer (IPO) that is likely to open for public bidding on May 4 in Rs 902-949 range. The IPO will close on May 9. LIC would offer a Rs 60 discount for policyholders and Rs 40 for retail investors and employees. Meanwhile, the company is set to officially announce the same in a press conference on Wednesday in Mumbai.
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