The long-awaited Initial Public Offering (IPO) of the Life Insurance Corporation (LIC) is finally here. LIC IPO will open on May 2 for anchor investors and from May 4 to May 9 for the general public. As reported by ANI, the price band of the IPO of India's largest insurance company has been set at Rs 902-Rs 949 per share. The government will now sell its 3.5 per cent stake in LIC for Rs 21,000 crore, valuing it at 6 lakh crore, reported NDTV. Watch the video to know more.