LIC IPO is getting tremendous response from investors, 1.79 times subscribed on day 5


LIC IPO: The country’s largest IPO has got a great response from investors even on the 5th day. The IPO of Life Insurance Corporation of India (LIC) has been subscribed 1.79 times till Sunday. Investors are fiercely investing money in IPO News. 

Can invest money till tomorrow
According to the data available on the stock markets till 7 pm, as against the offer of 16,20,78,067 shares by LIC so far, 29, 08,27,860 bids have been received. Investors can invest in IPO only till Monday i.e. till tomorrow. 

QIB not received full subscription
Let us inform you that the Eligible Institutional Buyer (QIB) category is not yet fully subscribed. As per the latest data, only 0.67 per cent of the shares reserved for this segment have received bids. A total of 3,67,73,040 bids have been received for 2,96,48,427 shares reserved for Non-Institutional Investor (NII) category representing 1.24 times subscription.

Know how is the condition of retail investors?
Retail individual investor segment has so far bid for 10.99 crore shares against the offer of 69 million shares which is 1.59 times subscribed . The share of policyholders has been subscribed 5.04 times and the shares reserved for employees 3.79 times.

Kitna Tha price band?
LIC has fixed a price range of Rs 902-949 per share for the issue. Reservation has been given for eligible employees and policyholders in this offer. Retail investors and eligible employees will get a discount of Rs 45 per share while policyholders will get a discount of Rs 60 per share.

Government to sell 3.5 per cent stake
Government aims to raise around Rs 21,000 crore by selling its 3.5 per cent stake in LIC through issue of sale offering that closes on Monday.

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