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LIC IPO anchor book oversubscribed; gets bids of over ₹7,000 cr
short by Ananya Goyal / on Monday, 2 May, 2022
The anchor investor portion of LIC initial public offering (IPO) was oversubscribed on Monday, the first day of subscription. Reports said the portion received bids in excess of ₹7,000 crore against the offer of ₹5,630 crore for anchor investors out of a total offer size of ₹21,000 crore. Investors likely to have bid include Norges Bank and GIC among others.
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