LIC IPO Opened

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LIC IPO has received good response from anchor investors. On the very first day, anchor investors put Rs 5620 Cr in it.

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The LIC IPO portion that was earmarked for anchor investors was fully subscribed on the very first day itself.

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In this context, the LIC IPO got around Rs 5,620 crore even before it was opened to other investors.

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An LIC official said that LIC's IPO opened for anchor investors on Monday, which got a great response.

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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.

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SBI Mutual Fund subscribed shares worth over Rs 1000 crore. ICICI Prudential subscribed over Rs 700 crore shares.

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HDFC Mutual Fund subscribed shares worth over Rs 650 crore and Singapore-based Sovereign Wealth Fund GIC over Rs 400 crore.

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Many fund houses invested in LIC IPO. Let us tell you that these fund houses are also called anchor investors.

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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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