The price band for LIC IPO is ₹ 902-949 per equity share and the public issue will close on May 9. LIC policyholders will get a discount of ₹ 60 per equity share, while retail investors and employees will get a discount of ₹ 45 on each share
IPONDTV Business DeskUpdated: May 04, 2022 7:24 pm IST
New Delhi:
The much-awaited initial public offer (IPO) of Life Insurance Corporation of India (LIC) was subscribed 67 per cent on first day of its subscription on May 4, 2022. The public issue was subscribed 0.60 times in the retail category, the policy holders’ share was subscribed 1.99 times, employees’ portion was subscribed 1.17 times while it was subscribed 0.33 times in qualified institutional buyers (QIBs) and 0.27 times in the NII category respectively.
It will open for subscription again tomorrow morning at 10 am on May 5, 2022.
Here are the highlights of the first day’s subscription of LIC’s IPO
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May 04, 2022 19:11 (IST)
At 7 pm, the LIC IPO was subscribed 67 per cent as subscription closed for the first day of bidding. Retail individual investors’ portion was booked 0.60 times and non-institutional investors’ category was subscribed 0.27 times. Employees’ reserved and policyholders’ reserved portions were fully subscribed 1.17 times and 1.99 times, respectively.
With this the first day of the mega LIC IPO’s subscription came to a close. It will open for subscription again tomorrow morning on May 5.
May 04, 2022 18:49 (IST)
As of 6:48 pm, the IPO of LIC was subscribed 65 per cent in over eight hours on the first day of bidding. Retail individual investors’ portion was booked 0.58 times and non-institutional investors’ category was subscribed 0.26 times. Employee reserved and policyholder reserved portions were fully subscribed, 1.13 times and 1.92 times, respectively.
May 04, 2022 16:54 (IST)
As of 4:48 pm, the IPO of LIC attracted bids for 10.05 crore equity shares against the IPO size of 16.20 crore shares — subscribed 62 per cent within seven hours on the first day of bidding. Retail individual investors’ portion was booked 0.55 times and non-institutional investors’ category was subscribed 0.33 times. Employee reserved and policyholder reserved portions were fully subscribed, 1.02 times and 1.82 times, respectively.
May 04, 2022 16:10 (IST)
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.