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Earlier, the public offer of the insurer got subscribed nearly 3 times on the final day of the offer on May 9, led by a strong response from policyholders, employees, and retail investors.
LIC IPO: The LIC shares allotment announcement on May 10 and listing on the stock exchanges on May 17.
The public offer has received bids for 17,39,68,080 shares so far against the offered 16,20,78,067 equity shares offered by the company.
Live updates | LIC IPO Subscription Status Day 1: The initial public offering of Life insurance corporation (LIC) has opened for subscription on Wednesday, May 4, 2022 and will conclude on May 9, 2022. So far, Paytm, which mobilised Rs 18,300 crore last year, and Coal India with Rs 15500 crore have raised maximum amount from the secondary market. LIC aims to raise Rs 20,557 crore through 3.5 per cent share sale. Earlier, LIC has said it has garnered a little over Rs 5,627 crore from anchor investors led primarily by domestic institutions.