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Day 3: LIC IPO subscribed 1.4x, open till May 9

Day 3: LIC IPO subscribed 1.4 x, open till May 9

BRAND-NEW DELHI: The country’s biggest-ever IPO by LIC seen complete membership of the retail part on its 3rd day on Friday. The total concern was subscribed 1.38 times, according to data posted on stock exchanges on 7pm.
Nevertheless, the qualified institutional buyer (QIB) and Non-institutional investor (NII) parts are yet to be completely subscribed. Subscription for non-institutional investors’ section stood at 76%, while that for QIBs’ part was lower at 56%. Retail individual investors bid for 8.53 crore shares as against 6.9 crore shares reserved for this sector – translating into oversubscription of 1.23 times. The IPO will close on May 9.

Published at Fri, 06 May 2022 22:47:39 +0000

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