LIC IPO: On the third day, the total issue was subscribed to 1.06 times

LIC IPO The third day, the total issue was subscribed to 1.06 times

On the third day of bidding, the Life Insurance Corporation of India (LIC) IPO, the country’s largest-ever IPO, was subscribed to 1.06 times. The offering was completely subscribed by the end of the second day on Thursday, largely due to policyholders and workers.

According to NSE data at 10:15 a.m., the LIC issue was subscribed to 1.06 times. According to the data, the policyholder’s sector was subscribed 3.21 times, while the employee’s segment was subscribed 2.29 times. Aside from this, the statistics showed that qualified institutional buyers (QIBs) were subscribed 0.40 times, non-institutional investors were subscribed 0.48 times, and the retail group was subscribed 0.97 times.

The IPO will be open till Monday, May 9, 2022. The price is fixed at 902-949 per share and Rs 60 per share discount to its policyholders and Rs 45 apiece for retail investors and their employees.

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