LIC IPO Subscription Status Live Today. The price band of LIC IPO is kept on the higher side, which is not an attractive price for adequate return growth. Investors can subscribe for day profit listing and wait for a low level for long term investment.
The initial public offering (IPO) of Life Insurance Corporation (LIC) is open for subscription on Wednesday, May 4, 2022, and will end on May 9, 2022. So far, Paytm raised Rs 18,300 crore last year. It has raised the highest amount of Rs 15,500 crore from the Coal India secondary market. The public issue of LIC has subscribed 67 per cent or 0.67 times, according to data available on the BSE till 7 pm.
The LIC IPO has a price range of Rs 902-949 per share. The government aims to raise more than Rs 21,000 crore by selling 22.13 crore (22,13,74,920) shares, or 3.5 percent of its shares. Earlier, LIC said it had earned over Rs 5,627 crore from anchor investors, initially led by domestic companies. The offer includes a reservation for eligible policyholders and even employees. Eligible employees and Retail investors will also get a discount of Rs 45 per equity share, and policyholders will reach a value of Rs 60 per share.
Especially Investors who wish to subscribe to LIC IPOs can bid up to 15 lots of equity shares and multiples. They will use Rs 14,235 (excluding discounts) to get a single lot of LIC in high priced bands. The shares will be listed on the National Stock Exchange (NSE) and the BSE.
LIC IPO Subscription Update as of 7:00 PM on Day 1:
- Qualified Institutional Buyers (QIB) subscribed 0.33 times
- Retail Individual Investors (RIIs) subscribed 0.60 times
- Policyholders subscribed 1.99 times
- Non-Institutional Investors subscribed 0.27 times
- Employees subscribed 1.17 times
Moreover Total subscribed 0.67 times. LIC IPO Subscription Status Live Today.
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