LIC’s IPO subscribed at Rs 949, will be listed in the market on May 17

New Delhi: One share of LIC’s IPO has been subscribed at a price of Rs 949. According to sources, the company’s offer will be listed on the stock exchange on May 17. The source said this on condition of anonymity. There is no response to the mail sent to LIC. The government plans to raise […]
 


LIC’s IPO subscribed at Rs 949, will be listed in the market on May 17

New Delhi: One share of LIC’s IPO has been subscribed at a price of Rs 949. According to sources, the company’s offer will be listed on the stock exchange on May 17. The source said this on condition of anonymity. There is no response to the mail sent to LIC. The government plans to raise Rs 21,000 crore through this IPO.

LIC’s IPO has got good response from investors before closing. Notably, foreign funds have recently offered retail investors a discount of Rs 45 on the offer price. While policyholders get a discount of Rs 60.