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LIC IPO Subscribed 0.71 Times Till 10 15 Am Today Morning, IPO Is Getting Good Response

LIC IPO Subscribed 0.71 Times Till 10 15 Am Today Morning, IPO Is Getting Good Response
Written by Arindam
LIC IPO Subscribed 0.71 Times Till 10 15 Am Today Morning, IPO Is Getting Good Response

LIC IPO Subscription Update: The country’s largest IPO is open for the subscription of investors from tomorrow i.e. from Wednesday, May 4. Investors are seeing great response for the IPO of this company and it has been subscribed 71 percent in total. Know how the performance is being seen in this IPO for the investors on the second day of IPO today.

Know LIC’s subscription data till 10:15 am

Looking at the subscription of LIC’s IPO till 10.15 am today, Qualified Institutional Buyers (QIBs) had subscribed 33 percent and the share of retail investors was filled with 65 percent. The employees’ share of the company has been subscribed 1.30 times and the policyholders’ share is subscribed 2.14 times. The share of non-institutional investors is 28 per cent. In this way, the total subscription of LIC IPO was 71 percent by 10:15 minutes this morning.

Know special things about LIC IPO
The government expects to raise Rs 21,000 crore from LIC’s IPO. She is going to sell her 3.5 percent stake in LIC. The price band of the IPO has been fixed at Rs 902 to 949 per share.

What is the price band?
The company has fixed the price band for the IPO at Rs 902-949 per share. Customers will get 15 shares in one lot. Let us tell you that the company will give a discount of Rs 45 per share to retail customers and policy holders will get a discount of Rs 60 per share.

How much discount will you get?
Let us tell you that the company will give a discount of Rs 45 per share to retail customers and policy holders will get a discount of Rs 60 per share.

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Arindam

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