The initial public offer (IPO) of Life Insurance Corporation (LIC) was subscribed 1.79 times on the fifth day of subscription on Sunday, May 8, 2022. Government plans to raise Rs 21,000 crore through the public issue and the insurance behemoth has unleashed a major awareness blitzkrieg, exhorting policy holders, employees as well as the general public to subscribe it wholeheartedly.
The initial public offer (IPO) of Life Insurance Corporation (LIC) was subscribed 1.79 times on the fifth day of subscription on Sunday, May 8, 2022. Government plans to raise Rs 21,000 crore through the public issue and the insurance behemoth has unleashed a major awareness blitzkrieg, exhorting policy holders, employees as well as the general public to subscribe it wholeheartedly.
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.