CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How much discount will LIC policyholders get in LIC IPO?
A
Rs 80
B
Rs 40
C
Rs 50
D
Rs 60
Explanation: 

Detailed explanation-1: -During the IPO, a discount of ₹45 per share discount to eligible employees of LIC and retail investors.

Detailed explanation-2: -On the National Stock Exchange, it got listed at a discount of 8.11%.

Detailed explanation-3: -Special policyholder quota: In the past, IPOs have had special reservations for employees and shareholders of parent companies. LIC’s IPO will be the first to have a separate 10 per cent quota for policyholders.

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