Lic Ipo: Pradhan Mantri Jeevan Jyoti Bima Yojana Subscribers Eligible For Ipo Bargain

released in 2015, pmjjby gives a renewable 12 months life cover of rs 2 lakh to all financial savings bank account holders within the age group of 18-50 years, covering loss of life due to any purpose, for a top class of rs 330 in step with annum in keeping with subscriber.

 New delhi: subscribers of pradhan mantri jeevan jyoti bima yojana (pmjjby) are eligible for lic initial public presenting at a discount, chairman of coverage business enterprise m r kumar stated on monday.

“pmjjby is part of that and reservation will be there (for the policyholders),” kumar said in an interplay with the media. (also study: can lapsed coverage holders apply for lic ipo?)

 

Highlights

  • largest ipo inside the u . S . A .’s history
  • reserve quota up to 10% separately for policy holders
  • policy holders will get special cut price

new delhi: subscribers of pradhan mantri jeevan jyoti bima yojana (pmjjby) are eligible for lic preliminary public providing at a discount, chairman of coverage business enterprise m r kumar said on monday.

“pmjjby is a part of that and reservation might be there (for the policyholders),” kumar said in an interaction with the media. (also study: can lapsed policy holders apply for lic ipo?)

released in 2015, pmjjby gives a renewable three hundred and sixty five days lifestyles cowl of rs 2 lakh to all savings financial institution account holders in the age institution of 18-50 years, protecting demise because of any motive, for a top class of rs 330 in line with annum in line with subscriber. (also examine: lic ipo: check direct link for pan-lic linking, mandatory for ipo subscription)

this authorities scheme is offered or administered via lic. As according to the draft purple herring prospectus (drhp) filed remaining week, the most bid quantity under the policyholder reservation portion through an eligible policyholder would not exceed rs 2,00,000 (net of policyholder bargain). It further stated policyholders having one or greater guidelines of lic as on the date of drhp and bid/provide beginning date and who’re citizens of india might be eligible to use on this offer, below the policyholder reservation element. The mixture of reservation for eligible policyholders shall not exceed 10 in keeping with cent of the overall offer length. The part of the offer to be had for allocation to eligible policyholders on a proportionate foundation is challenge to the receipt of important approvals from the authorities. Via taboola

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lic issued approximately 21 million individual policies in fy 2021, accounting for nearly 75 in line with cent of latest person coverage issuances. The ipo is provide for sale (ofs) by way of authorities of india. There’s no clean issue of shares by way of lic. The authorities holds 100 in keeping with cent stake or over 632. 49 crore stocks in lic. The face cost of stocks is rs 10 apiece. The lic public trouble would be the largest ipo inside the history of the indian stock marketplace.

Once listed, lic’s market valuation might be comparable to pinnacle agencies like ril and tcs. The ipo of lic is predicted by means of march and the proceeds would be essential to meet the revised disinvestment goal of rs seventy eight,000 crore in the modern-day financial 12 months.

 Lic’s share capital become raised from rs 100 crore to rs 6,325 crore all through september remaining year to assist facilitate the ipo. Closing month, lic stated a earnings after tax of rs 1,437 crore for the primary 1/2 of financial yr 2021-22 in comparison with rs 6. 14 crore inside the yr-in the past period.

released in 2015, pmjjby gives a renewable 12 months life cover of rs 2 lakh to all financial savings bank account holders within the age group of 18-50 years, covering loss of life due to any purpose, for a top class of rs 330 in step with annum in keeping with subscriber.

 New delhi: subscribers of pradhan mantri jeevan jyoti bima yojana (pmjjby) are eligible for lic initial public presenting at a discount, chairman of coverage business enterprise m r kumar stated on monday.

“pmjjby is part of that and reservation will be there (for the policyholders),” kumar said in an interplay with the media. (also study: can lapsed coverage holders apply for lic ipo?)

 

Highlights

  • largest ipo inside the u . S . A .’s history
  • reserve quota up to 10% separately for policy holders
  • policy holders will get special cut price

new delhi: subscribers of pradhan mantri jeevan jyoti bima yojana (pmjjby) are eligible for lic preliminary public providing at a discount, chairman of coverage business enterprise m r kumar said on monday.

“pmjjby is a part of that and reservation might be there (for the policyholders),” kumar said in an interaction with the media. (also study: can lapsed policy holders apply for lic ipo?)

released in 2015, pmjjby gives a renewable three hundred and sixty five days lifestyles cowl of rs 2 lakh to all savings financial institution account holders in the age institution of 18-50 years, protecting demise because of any motive, for a top class of rs 330 in line with annum in line with subscriber. (also examine: lic ipo: check direct link for pan-lic linking, mandatory for ipo subscription)

this authorities scheme is offered or administered via lic. As according to the draft purple herring prospectus (drhp) filed remaining week, the most bid quantity under the policyholder reservation portion through an eligible policyholder would not exceed rs 2,00,000 (net of policyholder bargain). It further stated policyholders having one or greater guidelines of lic as on the date of drhp and bid/provide beginning date and who’re citizens of india might be eligible to use on this offer, below the policyholder reservation element. The mixture of reservation for eligible policyholders shall not exceed 10 in keeping with cent of the overall offer length. The part of the offer to be had for allocation to eligible policyholders on a proportionate foundation is challenge to the receipt of important approvals from the authorities. Via taboola

sponsored hyperlinks

you can like

arise to $300huobi globalsign up

supporting a hungry own family is also a tax saving optionakshaya patra

lic issued approximately 21 million individual policies in fy 2021, accounting for nearly 75 in line with cent of latest person coverage issuances. The ipo is provide for sale (ofs) by way of authorities of india. There’s no clean issue of shares by way of lic. The authorities holds 100 in keeping with cent stake or over 632. 49 crore stocks in lic. The face cost of stocks is rs 10 apiece. The lic public trouble would be the largest ipo inside the history of the indian stock marketplace.

Once listed, lic’s market valuation might be comparable to pinnacle agencies like ril and tcs. The ipo of lic is predicted by means of march and the proceeds would be essential to meet the revised disinvestment goal of rs seventy eight,000 crore in the modern-day financial 12 months.

 Lic’s share capital become raised from rs 100 crore to rs 6,325 crore all through september remaining year to assist facilitate the ipo. Closing month, lic stated a earnings after tax of rs 1,437 crore for the primary 1/2 of financial yr 2021-22 in comparison with rs 6. 14 crore inside the yr-in the past period.

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