The central government has fixed the issue price of LIC shares at Rs 949 apiece.

LIC IPO is fetching exchequer around Rs 20,557 crore

Retail investors received shares at Rs 904 a piece

LIC policyholders got shares at a price of Rs 889

This will come after the initial share sale offer which was oversubscribed nearly three times the issue size.

IPO of LIC closed on May 9 and shares were allocated to bidders on May 12.

The government sold over 22.13 crore shares or a 3.5 per cent stake in LIC through the IPO at a price band of Rs 902-949 a share.

LIC policyholders and retail investors have got the shares at a price of Rs 889 and Rs 904 a piece, respectively.

Shares of LIC will be listed on BSE and NSE on May 17, 2022

Investors can check BSE India and NSE India websites to know the LIC IPO's listing price.

LIC shares to start trading on Tuesday. Will retail investors burn fingers?

LIC shares are now trading at a mild discount in the grey market.

LIC IPO price: Rs 949 per equity share LIC IPO Issue size: Rs 21,000 crore LIC IPO lot size: 1 lot = 15 LIC shares LIC IPO application limit: 14 lot LIC IPO investment limit: Minimum = Rs 14,235, Maximum Rs. Rs 1,99,290. LIC IPO listing: May 17 LIC IPO allotment date: May 12