LIC IPO: You can now apply for subscription at weekend
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.
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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.
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.
LIC IPO: The firm has fixed Rs 2 lakh investment limit each for policyholders, employees, and retail investors' quotas.
LIC collected Rs 5,620 crore from anchor investors on Monday, signalling strong interest ahead of the share sale.
The LIC IPO opened for subscription on Wednesday and the application process will continue till May 9.