The much-awaited initial public offering (IPO) of Life Insurance Corporation of India, which opened for subscription today, will remain open for retail investors to bid for an extra day. The LIC IPO will take subscriptions even on Saturday (May 7), an unusual move aimed at attracting more investors. On the first day of bidding, the public issue's more than one-third portion was booked with the policyholder category subscribed 1.22 times.