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India's biggest-ever IPO of LIC gets fully subscribed
short by Pragya Swastik / on 05 May 2022,Thursday
LIC's IPO, India's biggest ever, was fully subscribed on the second day of bidding on Thursday. The ₹20,557-crore IPO, with price band fixed at ₹902-949 per share, received bids for 16.24 crore equity shares against the offer size of 16.2 crore shares. The policyholder portion was subscribed 3.02 times, employee portion 2.14 times, and retail investors subscribed 91%.
short by Pragya Swastik / 06:45 pm on 05 May
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