LIC IPO: If you want to apply in LIC’s IPO but are unable to do so due to busy schedule, then there is good news for you. You can also apply in LIC’s IPO on Saturday 7th May and Sunday 8th May. The National Stock Exchange (NSE) has issued a notification in this regard.
NSE released notification
The National Stock Exchange, while issuing a notification on Thursday, said that the bidding platform for LIC’s IPO will be open from 10 am to 7 pm from May 4 to May 9, including Saturday and Sunday, May 7 and 8. That is, you can comfortably apply in LIC’s IPO on a holiday this week.
lic ipo subscribe
LIC’s largest IPO in the Indian primary market has been fully subscribed. LIC had issued 16.2 crore equity shares through IPO. But after the overwhelming response from the investors, bids have been received for 16.24 crore shares. The quota reserve for policyholders has been subscribed 3.02 times, LIC employees’ quota is 2.14 times and retail investors’ quota has been subscribed 91 percent.
IPO will be open for retail investors till May 9
Although LIC’s IPO is fully subscribed, LIC’s IPO will be open for retail investors till May 9. LIC is going to raise Rs 21,000 crore through IPO. Let us tell you that the price band of LIC has been fixed at Rs 902 to 949 per share. LIC’s stock is now trading at a premium of Rs 65 even before the IPO opens.
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