Ramakanta Biswas

The prolonged wait is finally over for investors across India as the country’s most awaited initial public offering by the Life Insurance Corporation (LIC) opened today. The Rs 20,557 crore IPO, biggest in India's stock market history will remain open to subscription till May 9. 

The price band for the IPO has been fixed at Rs 902-949 per share.

The IPO values LIC at Rs 6 lakh crore.

The issue offer of the LIC will be in the price band of Rs 902 to Rs 949.

Also, the policyholders will be offered a Rs 60 discount, while for retail investors, the discount will be Rs 45.

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