Lic Ipo Launch News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 Launch Live Updates: Poised to be India`s biggest IPO till date, watch this space for highlights, share-price, subscription and other details of this landmark public issue.

Anchor investors are institutional investors who are allotted shares before an IPO opens but they have to hold their shares for a certain period after listing

The Life Insurance Corporation's (LIC) mega public issue opened today to an overwhelming response, with over 60 per cent bids, led by policyholders and employees.

Countrys largest public offer by Life Insurance Corporation (LIC), which opens tomorrow (May 2) for anchor booking and unveils on May 4 for retail and other investors, has been termed as LIC 3.0 by its chairman M R Kumar, who has said that its pricing is attractive and investors can look for returns for a long time to come