Life Insurance Corporation of India (LIC), will launch its initial public offer (IPO) on May 4
The initial public offer (IPO) is the biggest in the history of the Indian capital market
The offer will open for subscription on May 4
The last day to subscribe to the IPO is May 9
The price band for the offer has been fixed at Rs 902-949 per equity share of face value Rs 10 each
The government of India is aiming to garner Rs 21,000 crore
Investors can bid for a minimum lot size of 15 shares and in multiples thereof
The IPO is entirely an offer-for-sale of 221,374,920 equity shares by the government
