LIC IPO Booked Nearly By Half On Day 1; Policyholders Oversubscribe By 64%: 10 Points - NDTV Profit

The initial public offering (IPO) of Life Insurance Corporation of India opened for subscription today. The public issue will close on May 9. The insurance behemoth stated that it has garnered around Rs 5,627 crore from anchor investors ahead of the IPO.

As of 4:03 pm, the IPO of LIC attracted bids for 9.48 crore equity shares against the IPO size of 16.20 crore shares -- subscribed 58 per cent within six hours on the first day of bidding.

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