LIC raised ₹5,630 crores from 123 Anchor Investors ahead of IPO

The LIC ( Life Insurance of Corporation ) raised ₹ 5,630 crores from anchor investors on 02,May 2022 Monday before the its IPO. LIC IPO to open on 04,May 2022 Wednesday. The company allotted total of 5,92,96,853 equity shares to 123 Anchor investors at a upper price band ₹ 949. The anchor investors list includes 15 Mutual Funds through a total of 99 schemes. The company is going to raise ₹ 21,008.48 crores via IPO. It is biggest IPO in the Indian stock market history.

Domestic investors :- SBI Mutual Fund, ICICI Prudential, SBI Life Insurance, Aditya Birla Sun Life, Axis Mutual Fund, HDFC Trustee, Nippon Life, Kotak Mahindra Life Insurance, L&T Mutual Fund, Tata Investmnet Corporation, UTI Mutual Fund, Sundaram Mutual Fund, IDFC MF, and Bajaj Allianz General Insurance.

Marquee investors :- Government of Singapore, Government Pension Fund Global, BNP Investments LLC, Monetary Authority of Singapore, Societe Generale, Invesco India, and Saint Capital Fund.

Read :- IPO Anchor Investors List

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