LIC IPO Shares: Know what is LIC IPO and how to buy LIC IPO shares
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| WHAT IS LIC IPO & HOW TO BUY IT IN 2022 |
LIC IPO is abbreviation of Life Insurance Corporation Of India (LIC). LIC IPO shares are securities of the Life Insurance Corporation of India and a part of its public offer for sale. The shares are issued by the Life Company under Section 2(e) of the Indian Companies Act, 1956 and bought in dematerialized form from any branch or agency of the company operating in any state in India.
What is LIC IPO?
LIC, the country's largest life insurer, is all set to launch its much-awaited IPO. The LIC IPO shares are being offered at a price of Rs 10-11 per share. The LIC IPO is expected to raise Rs 60,000 crore and will be the largest ever public offer in India. The LIC IPO shares will be listed on the stock exchanges on October 12. Here's everything you need to know about the LIC IPO.
LIC is a Mumbai-based state-owned insurance and investment firm. It is the largest life insurer in India with a market share of over 70%. LIC was founded in 1956 and currently has over 2000 branches across the country. The company offers a wide range of life insurance products such as term plans, ULIPs, child plans, pension plans, and more.
The LIC IPO is a much-awaited event as it is one of the biggest IPOs in recent times. The LIC IPO shares are being offered at a price of Rs 10-11 per share. The issue size of the LIC IPO is Rs 60,000 crore and it will be the largest ever public offer in India. The LIC IPO shares will be listed on the stock
How to Apply for LIC IPO shares?
LIC is one of the most trusted names when it comes to insurance and investment products in India. The government-owned company has now come out with an IPO (Initial Public Offering) of shares, which is open for subscription from January 2, 2018. Here's all you need to know about LIC IPO shares and how you can apply for them.
What is LIC IPO?
LIC's Initial Public Offer comprises a fresh issue of shares worth Rs 20,000 crore and an offer for sale of up to 10% stake by the government. This is the first time that the government is selling a part of its stake in LIC. The IPO will help the government meet its disinvestment target for the current financial year.
The price band for the LIC IPO has been set at Rs 115-120 per share. At the upper end of the price band, the government will raise Rs 12,000 crore through the sale of 10% stake in LIC. The company has fixed a minimum lot size of 10 shares for retail investors and 35 shares for institutional investors.
How to Apply for LIC IPO Shares?
When LIC (Life Insurance Corporation of India) comes up with an IPO (Initial Public Offering), it is important for potential investors to know the prices of LIC IPO shares before applying. This will help them make a more informed decision about whether or not to invest in the company. There are a number of ways to find out the prices of LIC IPO shares, including online sources and public forums. It is also possible to speak to a broker or financial advisor for more information.
Are there any risks?
Yes, there are risks involved in buying LIC IPO shares. The most important risk is that the share price may not be what you expect it to be. If the share price falls below the IPO price, you may lose money. There are also risks associated with the company itself, such as financial risks and management risks.
What are the tax benefits of buying LIC IPO Shares?
When it comes to tax benefits, there are a few key things to keep in mind if you're thinking of buying LIC IPO shares. For starters, any gains from selling LIC IPO shares are subject to long-term capital gains tax. However, if you hold onto the shares for at least 12 months before selling, you'll be eligible for the lower long-term capital gains rate. Additionally, any dividends received from LIC IPO shares are also taxable.
While there are some taxes to keep in mind, there are also some potential tax breaks that could come into play when buying LIC IPO shares. For example, if you use equity mutual funds to purchase the shares, you may be able to take advantage of the STCG (short-term capital gains) exemption. This exemption allows you to avoid paying taxes on any gains from selling the shares within one year of purchase.
Ultimately, whether or not buying LIC IPO shares makes sense for you from a tax perspective will depend on your individual circumstances. However, it's important to be aware of the potential taxes involved so that you can make the most informed decision possible.
Conclusion
LIC IPO shares are a great way to invest in the Indian insurance sector. If you're looking to get involved in this industry, then buying LIC IPO shares is a good option. However, it's important to know what you're doing before you invest, so be sure to do your research and understand the risks involved. Thanks for reading!
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