<p>Country's largest life insurer LIC on Wednesday set the price band at Rs 902-949 per share for its Rs 21,000 crore initial public offering (IPO), which will open on May 4.</p>.<p>At the upper end of the price band the government will garner around Rs 21,000 crore.</p>.<p>With this IPO, which is through an offer-for-sale (OFS) route, the government is looking to divest its 3.5 per cent stake in the state-run insurer by selling 22.13 crore shares.</p>.<p>The retail investors and eligible employees will get a discount of Rs 45 per equity share and policyholders will get a discount of Rs 60 per equity share.</p>.<p>The issue will open for subscription on May 4 and to close on May 9. The bid lot for the issue would be 15.</p>.<p><em><strong>Check out the latest DH videos here:</strong></em></p>
<p>Country's largest life insurer LIC on Wednesday set the price band at Rs 902-949 per share for its Rs 21,000 crore initial public offering (IPO), which will open on May 4.</p>.<p>At the upper end of the price band the government will garner around Rs 21,000 crore.</p>.<p>With this IPO, which is through an offer-for-sale (OFS) route, the government is looking to divest its 3.5 per cent stake in the state-run insurer by selling 22.13 crore shares.</p>.<p>The retail investors and eligible employees will get a discount of Rs 45 per equity share and policyholders will get a discount of Rs 60 per equity share.</p>.<p>The issue will open for subscription on May 4 and to close on May 9. The bid lot for the issue would be 15.</p>.<p><em><strong>Check out the latest DH videos here:</strong></em></p>