Home Business Day 3: LIC IPO subscribed 1.4x, open until Could 9

Day 3: LIC IPO subscribed 1.4x, open until Could 9

Day 3: LIC IPO subscribed 1.4x, open until Could 9

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NEW DELHI:

The nation’s biggest-ever IPO by LIC witnessed full subscription of the retail portion on its third day on Friday. The general concern was subscribed 1.38 occasions, in keeping with information posted on stock exchanges on 7pm.
Nonetheless, the qualified institutional buyer (QIB) and Non-institutional investor (NII) parts are but to be absolutely subscribed. Subscription for non-institutional buyers’ phase stood at 76%, whereas that for QIBs’ portion was decrease at 56%. Retail individual investors bid for 8.53 crore shares as towards 6.9 crore shares put aside for this phase – translating into oversubscription of 1.23 occasions. The IPO will shut on Could 9.

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