LIC IPO Opened
It has been open for LIC IPO anchor investors from Monday 02 May 2022. Will open for general public from 04 May.
LIC IPO has received good response from anchor investors. On the very first day, anchor investors put Rs 5620 Cr in it.
The LIC IPO portion that was earmarked for anchor investors was fully subscribed on the very first day itself.
In this context, the LIC IPO got around Rs 5,620 crore even before it was opened to other investors.
An LIC official said that LIC's IPO opened for anchor investors on Monday, which got a great response.
The maximum limit for anchor investors in LIC IPO was fixed at Rs 5,620 crore which was completely filled on the very first day itself.
SBI Mutual Fund subscribed shares worth over Rs 1000 crore. ICICI Prudential subscribed over Rs 700 crore shares.
HDFC Mutual Fund subscribed shares worth over Rs 650 crore and Singapore-based Sovereign Wealth Fund GIC over Rs 400 crore.
Many fund houses invested in LIC IPO. Let us tell you that these fund houses are also called anchor investors.
The Government of India has announced a discount of ₹ 45 per equity share for retail and eligible employees and ₹ 60 per equity share for policy holders.
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