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LIC IPO: Bumper offer for Investors, Should You Invest?

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LIC IPO: Bumper offer for Investors, Should You Invest
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LIC’S IPO MAY BE A BUMPER OFFER FOR SOME RETAIL INVESTORS. HE CAN BID FOR SHARES 3 TIMES MORE THAN THE MAXIMUM LIMIT.

LIC IPO/Bumper Offer: The initial public offering of the country’s largest insurer, Life Insurance Corporation of India (LIC), opens on May 4 for retail investors. It can be invested until May 9. The company has fixed the price band for the IPO at Rs 902-949 per share. At the same time, the lot size is 15 shares. Investors can bid for a maximum of 14 lots. However, under the provisions placed by the company in the DRHP, an investor can bid for additional shares if he is a policyholder and also an employee. In a way, it can be bumper offers for such investors.

LIC IPO: Bumper offer for Investors, Should You Invest

This can be done 3 times the bid for shares

Lic has also placed a cut-off of policyholders and employees along with a retail quota for investment. If you are a retail investor as well as policyholders and company employees, you can bid separately for all the deductions. In this way, your total limit will be 3 times. That is, you can apply for shares worth around Rs 6 lakh.

There’s another advantage here. you will also get a discount of Rs 60 per share under policyholders’. In such a situation, for some retail investors, this offer may not only be a bumper offer. However, in the policyholders’, you will get the benefit only if you have taken the policy before 13th April 2022.

Read More: How to link pan card with LIC Policy, Check Link Status Online

what is the size of the issue, the lot size

Through LIC’s  IPO, the government will sell its 3.5 percent stake in the public sector company. This will give the government Rs 21,000 crore.
The latte size of let’s IPO has been kept at 15 shares. any investor can apply for a maximum of 14 and at least one lot. In terms of the upper price band of rs 949, it has a provision of at least Rs 14235 and a maximum investment of Rs 199290.

The listing of the company’s shares will take place on NSE and BSE on May 17, 2022. It will open for anchor investors on May 2. The registrar for the IPO of LIC is Kfin Technologies Ltd.

You can Invest your money in the brokerage apps for Example Zerodha, Upstox, icici direct, Grow, etc from 4 May.

LIC IPO GMP

In the grey market, lIC’s stock is trading with a premium of Rs 45. at this premium, the stock can be listed at rs 994 (rs 949 + rs 45). That is, 5 percent of the listings can be gained. However, in the coming days, the signals from the grey market will change further.

 

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Tata Motors set new records every month, car sales up 84% in June, demand for electric models soars

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Tata is one of the leading Branding in India. Every product from tata is value for money. So in the Ev (electric models) evolution of India They have Significant role and now this days Tata Motors set new records every month.

Tata Motors set new records every month:

Tata Motors set new records every month

 

Tata Motors  has turned up the heat by publishing car sales figures. In June, the company recorded the highest number of passenger or passenger sales so far in a month. On the first day of July, the sales of cars came to the fore last month. According to statistics, Tata sold a total of 45,197 units of passenger cars in June. In comparison, the volume of sales in June 2021 was 24,110. As a result, there was an 87.46% increase in sales in June compared to last time. Again in May 2022, Tata’s 43,341 cars saw the face of new buyers.

Tata broke all its own records in car sales last month. Despite this, Tata could not retain the title of the second best selling car in the country. The place was again taken away by the South Korean company Hyundai. A total of 41,690 cars running on petrol or diesel were sold by Tata last month. In June last year, the number was 23,452 units. As a result, there has been an increase of 78% in the sale of traditional fuel cars.

Meanwhile, Tata Motors set new records by the  total of 3,507 units of battery-operated cars were sold in June. At that time last year, it was only 658. As a result, there was 433% progress in electric vehicle sales last month. Again, 2% more electric cars were sold in June than in May. Currently, the company has electric vehicles such as Tata Nexon EV, Tata Nexon EV Max, Tata Tigor EV. In the first quarter of 2022-23 fiscal, a total of 9,283 customers brought tata electric cars home. At that time in 2021-22, the number was only 1,715.

In June 2022, Tata was able to sell 79,606 passenger and commercial cars in the Indian market. Last time, it was 43,704 and there was an 82% increase in sales. In the first three months of 2022-23 fiscal, Tata sold a total of 2,25,828 vehicles. In the first quarter of 2021-22, it was 1,07,786. Incidentally, from today, the price of Tata’s commercial vehicle across the country is going up by 1.5 per cent to 2 per cent according to the model.

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BGMI Crosses 100 million Milestone, Krafton’s big announcement on the occasion of one year anniversary

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BGMI Crosses 100 million Milestone and 1 Year: Battlegrounds cross the 100 million game mark of Mobile India game. It’s also been a year since the game.

BGMI Crosses 100 million Milestone Downloads

One year of Battlegrounds Mobile India. And on this auspicious day, the happy news was announced by Krafton, the developer company of the BGMI game. According to the developer, it currently has over 100 million registered users. With this announcement, Krafton said that it has completed one year of being the most loved game in the country’s gaming industry.

 

BGMI Crosses 100 million Milestone

Krafton Inc CEO Changan King said in a statement that the first year of BGMI has been a year of great success, with millions of players from every corner of India joining the BGMI community to enjoy the game.  The company also said that it has celebrated big tournaments, Indian-themed manifold support, and India-centric events for the country’s gaming community to curate unique gameplay for our Indian users.

CEO Changan King said: We are positive about the opportunities in the country’s gaming community and committed to creating a strong gaming ecosystem. Now our focus is on constantly improving the mobile gaming experience for the growing gaming community and investing in the thriving start-up landscape here.

Over the past year, the game developer has invested nearly $100 million to develop India’s local video games, e-sports, and entertainment startups to build a healthy gaming start-up ecosystem. Krafton is also claiming that 4 pro and semi-pro tournaments (BMOC, recently-concluded BMPS Season 1, BGIS Season 2, and BMPS Season 2) will be awarded cash prizes of Rs 6 crore in 2022. A platform will be provided to players across India to showcase their skills.

Minu Lee, head of India Publishing at KRAFTON, Inc. says, “We are extremely excited to reach this landmark in the first year of BGMI and thank our gamers for the achievement. BGMI has been consistent with new and challenging gameplay, festival updates, and the needs of the gaming community at every step. Everything from lucrative IP to exciting themes is going to be very interesting to gamers this time. “

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Nintendo Switch: 4 New Free Games Sega for Online Subscribers

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Nintendo is one of the most popular gaming consoles among Gamers. Nintendo Switch is a hybrid console that can be used as a handheld device or a stand-alone home console. In this article You guys will know about  4  Free Games for Online Subscribers on Nintendo Switch, and what is Nintendo.

What is Nintendo

Nintendo is a Japanese multinational corporation that develops and manufactures video games and electronic entertainment devices. The company was founded in 1889 as a playing card company. The company has released several popular video games, including Super Mario Bros., The Legend of Zelda, and Pokémon.

The Nintendo Switch is a versatile device that can be used to play a variety of games. You can use it to play games on the go by using the handheld mode, or you can use it to play games at home by using the stand-alone mode.

Nintendo’s New Console – The Switch

Nintendo Switch

Nintendo has announced a new console known as the Switch. The console is said to be a hybrid console that can be used as a handheld device or a home console. The Switch is said to be released in March of next year and will come with a new game known as “The Legend of Zelda: Breath of the Wild.”

The Switch is said to be a powerful console that can be used to play games on the go or at home. The console comes with a 6.2-inch screen that can be used in handheld mode or attached to a TV. The console also comes with a detachable Joy-Con controller that can be used in multiple ways. The console can be used as a single device or can be split into two devices to play multiplayer games.

The most eminent expansion is possible Capcom’s Mega Man: The Wily Wars, an assortment of changes to the initial three Mega Man games. Likewise, Comix Zone, Target Earth, and Zero Wing have also been added to the Expansion Pack variant of the Switch Online library.

Underneath, you can peruse more about each game and look at a trailer featuring the foursome of games, both kindness of Nintendo. Nintendo Switch: 4 New Free Games Sega for Online Subscribers:

Comix Zone

In Comix Zone, experience an activity game in a setting in view of American comics, complete with superhuman enhancers and serious battling moves. Comic craftsman Sketch Turner ends up lost in the Comix Zone – a comic book universe of his own creation – and should fight freaks to get away from it, board by board.

Mega Man: The Wily Wars

The Wily Wars includes the initial three games in the famous Mega Man series, aggregated for the SEGA Genesis! Wily’s mechanical followers are unhindered and Mega Man should overcome a pack of robot experts to win the day. Beat every one of the three games to open Wily Tower, where you can challenge another chief.

Target Earth

In Target Earth, foe Chron cyborgs are going after Earth and its space bases! Fight across eight distinct levels loaded up with thrilling mech suit platforming activity and modify your loadout by procuring gear in view of your exhibition. Might you at any point save the planet and uncover the genuine tradition of Chron.

Zero Wing

Zero Wing is a side-looking exemplary made by Toaplan, an engineer of famous arcade games. Felines, the head of a band of room privateers, is threatening the cosmic system. Pilot the last Milky Way assault create and send Vulcan shots, lasers, and homing rockets to stop him and his marauders – for extraordinary equity.

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