Page 12 - Application Supported News Today

RBI had directed all ASBA designated branches to remain open for LIC IPO on Sunday, May 8. 

The initial public offer (IPO) of Life Insurance Corporation (LIC) was subscribed 1.79 times on the fifth day of subscription on Sunday, May 8, 2022. Government plans to raise Rs 21,000 crore through the public issue and the insurance behemoth has unleashed a major awareness blitzkrieg, exhorting policy holders, employees as well as the general public to subscribe it wholeheartedly.

The initial public offer (IPO) of Life Insurance Corporation (LIC) was subscribed 1.79 times on the fifth day of subscription on Sunday, May 8, 2022. Government plans to raise Rs 21,000 crore through the public issue and the insurance behemoth has unleashed a major awareness blitzkrieg, exhorting policy holders, employees as well as the general public to subscribe it wholeheartedly.

The initial public offer of Life Insurance Corporation was subscribed 1.65 times on fourth day of subscription on Saturday, May 7, 2022

All India Bank Officers' Confederation has objected to RBI's decision to open ASBA-designated branches on Sunday to allow subscription of LIC's IPO

LIC IPO subscription: One can bid for India's biggest initial public offering (IPO) during the weekend also. Read this to find out how you can apply for LIC's IPO.

LIC has fixed the IPO price band at Rs 902 to Rs 949 per equity share for the issue. The offer includes a reservation for eligible employees and policyholders.

LIC IPO news: The government has requested all bank branches designated to process Application Supported by Blocked Amount (ASBA) applications to remain open for public on May 8 (Sunday), according to the latest notification by the Reserve Bank of India.

LIC public offer will remain open for subscription even on weekend to enable people to participate in the mega IPO of the state-owned insurer.

Retail investors bid for 6.45 crore shares against the 6.91 crore reserved for this segment