LIC IPO: SBI, PNB open branches on Sunday for processing offer applications
RBI had directed all ASBA designated branches to remain open for LIC IPO on Sunday, May 8.
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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