LIC sets IPO issue price at Rs 949 per share

The government has fixed the issue price of LIC shares at Rs 949 apiece, the upper end of the IPO price band, ahead of the listing of the country's largest insurer on May 17. However, LIC policyholders and retail investors have got the shares...

LIC sets IPO issue price at Rs 949 per share

 

 

 

 

 

 

THE government has fixed the issue price of LIC shares at Rs 949 apiece, the upper end of the IPO price band, ahead of the listing of the country's largest insurer on May 17.

However, LIC policyholders and retail investors have got the shares at a price of Rs 889 and Rs 904 apiece, respectively.