LIC's IPO was completely subscribed on Day 2


Posted on 05 May 2022


For Illustration Purpose Only.

On the second day of bidding on Thursday, LIC's public offering, the country's largest-ever IPO, was completely subscribed. According to stock market data as of 6.24 p.m.,16,25,35,125 bids were received against 16,20,78,067 shares on sale, making the public issue fully subscribed. The policyholders' part was over three times subscribed, while the employee portion was 2.14 times subscribed. So far, the response to the Qualified Institutional Buyer (QIB) and Non-Institutional Investor (NII) portions has been lukewarm. Non-institutional investors accounted for 46% of the total, while QIBs accounted for 40% of the total. Nearly 91 percent of the 6.9 crore shares set aside for this sector were purchased by retail individual investors. On May 9, the initial public offering (IPO) will be completed.


Key Points

  • On the second day of bidding on Thursday, LIC's public offering, the country's largest-ever IPO, was completely subscribed.

  • Nearly 91 percent of the 6.9 crore shares set aside for this sector were purchased by retail individual investors. On May 9, the initial public offering (IPO) will be completed.


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