LIC IPO Live Updates: Total issue subscribed 67% on Day 1; Policyholders, employees segment oversubscribed

LIC IPO Latest Updates, LIC IPO Opens Today News

The price band of LIC IPO has been fixed at Rs 902-949 per share and the government aims to raise Rs 21,000 crore by selling 22.13 crore (22,13,74,920) shares or 3.5 per cent stake.

The LIC issue was subscribed 0.67 times, NSE data showed at 7.00 pm.

The data shows that the policyholder segment was subscribed 1.99 times while the employees segment was subscribed 1.17 times.

Besides these, Qualified Institutional Buyers (QIBs) were subscribed 0.33 times, non-institutional investors 0.27 times and the retail segment 0.60 times, the data showed.

Investors who wish to subscribe to the LIC IPO can place bids in 15 equity shares and multiples thereafter.

At the upper price band, they will pay Rs 14,235 (excluding discount) to get one lot of LIC. The shares will be listed on both BSE and National Stock Exchange (NSE).

LIC IPO subscription update

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