The LIC's initial public offering (IPO) will be open for subscription from May 4 to May 9.

The government, which controls the insurance behemoth in its entirety, intends to sell a 3.5 percent stake.

 Due to market conditions, LIC has reduced the size of its initial public offering (IPO) from 5% to 3.50%

By Wednesday, policyholders and staff will know about reservations, discounts, issue dates, and issue pricing, according to PTI.

LIC IPO has received investment pledges of Rs 13,000 crore from anchor investors

 LIC is worth $6 trillion, or just 1.1 times its original embedded value of $5.39 trillion.

April 13 that the government had reduced the valuation it is seeking for LIC to make the inaugural share sale more appealing.

The LIC IPO will bring in Rs 21,000 crore for the government.

The government had planned to float LIC in the previous fiscal year

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