Utility News: IPO of Life Insurance Corporation of India will open on this day

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Big news has come about the IPO of Life Insurance Corporation of India (LIC), the largest insurance company in the country. People have been waiting for this for a long time. 

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According to reports, LIC has fixed the price per share and the shareholder's share from the date of its initial public offering (IPO) of Rs 21,000 crore. At the same time, LIC has also fixed the date of issue. 

The IPO of Life Insurance Corporation of India (LIC) may open on May 4.

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At the same time, it is expected to close on May 9. In this, bids can be made in lots of 15 shares. Anchor investors will get a chance to place bids for the company's shares on May 2. According to the news, LIC will provide a discount of Rs 60 to its policyholders. Whereas retail investors and employees will get a discount of Rs 40.