LIC IPO Subscription Situation: The country’s largest (India’s Greatest IPO) LIC IPO has opened. LIC IPO has become 1.38% subscribed (LIC IPO) in 3 days. The policyholders share got a little over four times the subscription. The share reserved for employees received three times the subscription.
- The policyholders share got a little over four times the subscription
New Delhi: Public Sector Life Insurance Corporation of India (LIC) Initial Public Offering (IPO) in the retail category on the third day of full subscription on Friday ( LIC IPO Subscription Situation) Found. According to the data available in the stock exchanges till 7 pm, the public sector company received 22,36,98,915 bids for 16,20,78,067 shares. This is 1.38 times as compared to the total issue. Available on BSE According to the data, the eligible institutional buyers (QIBs) and non-institutional buyers segments are yet to get full subscription. On the third day, the QIB segment got 56 per cent subscription and the non-institutional buyers category got 76 per cent subscription. At the same time, the company’s IPO for 6.9 crore shares reserved for retail investors received 1.23 times subscription i.e. 8.53 crore bids on the third day.
The policyholders’ share got a little over four times the subscription, while the employees’ share got three times the subscription. The government expects to raise Rs 21,000 crore from LIC’s IPO. It is selling its 3.5 per cent stake in LIC. The price range for the IPO has been fixed at Rs 902 to 949 per share.
The company’s IPO opened for retail and institutional investors on Wednesday and will close on May 9. This IPO is in the form of Offer for Sale (OFS) and through this the government wants to sell 22.13 crore shares. The company’s shares are likely to be listed on May 17.
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Web Title: lic’s ipo got elephantine subscription on the third day within the retail category
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