competition in focus

competition in focus

competition in focus published this article page no  14 despite the reduced size the lic ipo is still expected to be the largest so far in the country. the government plans to raise at least rs 0. crore by selling of . percent of its equity stake or . crore shares of lic. this is though lower than the earlier projection of rs 0000 crore. out of the total . crore shares offered for sale around . crore shares have been reserved for the anchor investor portion while the employee reservation portion has been marked at . million and policyholder reservation is at . million. lic has reserved half of the shares for qualified institutional buyers qib about  percent of the shares have been reserved for noninstitutional investors and the rest for retail investors. the lic policyholders will get a discount of rs 0 per equity share while the retail investors and employees will get a discount of rs 0 per equity share. the securities and exchange board of india sebi had approved lics initial public offering proposal earlier in february. the centre had initially wanted to list lic ipo in the last financial year which ended on march  but had to delay the sale of the shares amid the market dip triggered by the russiaukraine war competition in focus buy.

competition in focus