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The Times of India
The Times of India
Business
Sunainaa Chadha | TIMESOFINDIA.COM

Explained: Who is eligible for the LIC IPO discount?

LIC Corporation India Life Insurance Corporation of India New Delhi

NEW DELHI: The government-owned Life Insurance Corporation of India's initial public offering (IPO) could be launched as early as next month. The initial public offering of over 31.6 crore shares or 5 per cent government stake would be the country's biggest yet.

According to the LIC DRHP which was submitted to market regulator Sebi on Sunday, of the total shares offered via the IPO, up to 10% would be reserved for LIC policyholders. Further, policyholders and employees will receive a discount over the floor price, but the discount percentage is yet to be decided.

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