Utility News: This big news brought about LIC's IPO, now it can be done even on weekends
Big news has come about the Initial Public Offering (IPO) of Life Insurance Corporation of India (LIC). The news is that investors have been given an opportunity to invest money in LIC IPO on behalf of Reserve Bank of India even on weekends. That is, investors will be able to apply for the Initial Public Offer (IPO) of Life Insurance Corporation of India (LIC) on Saturday and Sunday as well.
It was informed by IBI that all Application Supported by Blocked Amount Bank branches will be open to the public on Sunday to process applications for LIC's IPO. During this, you can apply to invest money in LIC's IPO.
Significantly, the membership process of LIC's IPO was opened on May 4 for retail and institutional investors. It will close on 9th May. The price band of LIC IPO has been fixed at Rs 902-949 per share. Experts believe that investing in it can be a profitable deal for the long term. Its listing in the stock market is to be done on May 17.