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LIC IPO subscribed 0.83 times at 1.00 PM on Day 2

The policyholders' portion was oversubscribed on the first day itself on Wednesday

FPJ Web Desk | Updated on: Thursday, May 05, 2022, 01:26 PM IST

Anchor Investors (AIs) portion (5,92,96,853 equity shares) was subscribed at Rs 949 per equity share, the insurer said in an early morning filing to exchanges.
 / Representative image | LIC
Anchor Investors (AIs) portion (5,92,96,853 equity shares) was subscribed at Rs 949 per equity share, the insurer said in an early morning filing to exchanges. / Representative image | LIC
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LIC's public offer, the country's biggest-ever IPO, is witnessing good demand from investors on Day 2.

  • Life Insurance Corporation of India (May 4 to May 9, 2022)

  • IPO Subscribed 0.83 times at 1.00 PM (Day 2)

  • Overall 0.83 times, QIB. 0.34 times, NII 0.33 times, Retail 0.77 times, Employee Reserved 1.70 times, Policyholder Reserved 2.53 times

The policyholders' portion was oversubscribed on the first day itself on Wednesday, though overall subscription stood at 67 percent.

The government aims to generate about Rs 21,000 crore by selling 3.5 percent stake in the insurance behemoth.

LIC's initial public offering (IPO), open for retail and institutional investors, is set to close on May 9. The issue period also includes bidding on Saturday, May 7.

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Published on: Thursday, May 05, 2022, 01:24 PM IST