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LIC IPO constitutes an employee reservation of 1,581,249 equity shares with the net issue size of 143 cr. The IPO comprises an employee discount of Rs. 45 per share to all eligible employee applying under the employee reservation category. Eligible employees of LIC can apply under the Employee Reservation category at the cut-off price and the bid amount at the upper cap will be locked. The maximum bid amount by eligible employees will not exceed Rs. 200,000 (net of employees discount).
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