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Shares of the insurer have been priced at the upper end of the IPO price range. They were available in a price band of Rs 902 to Rs 949 per share. ....
Life Insurance Corporation (LIC) has announced the allotment of shares for its recently concluded Rs 21,000 crore initial public offer (IPO). The IPO which was held from May 4 to May 9 was subscribed 2.95 times on the final day. The share sale received bids for over 47.83 crore (47,83,67,010) shares against the total issue size of over 16.20 crore (16,20,78,067) shares. ....
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